Economy

President Joe Biden on Wednesday sought to assure Americans that the U.S. would not default on its debts as the White House and top congressional leaders conducted tense, protracted budget negotiations in which Republicans were seeking…
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Zimbabwe's central bank on May 8 launched a gold-backed digital currency it hopes will reduce the demand for US dollars and the devaluation of the Zimbabwe dollar.  But analysts say the government-controlled foreign-exchange market is…
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U.S. President Joe Biden, House Speaker Kevin McCarthy and other top congressional leaders appeared no closer Tuesday to a deal aimed at reaching agreement on raising the country’s debt ceiling so the government can borrow more to pay its…
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U.S. President Joe Biden, House Speaker Kevin McCarthy and other top congressional leaders are meeting Tuesday at the White House in a new effort to reach agreement on raising the country's debt ceiling so the government can borrow more to…
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The world’s biggest chocolate producers are enjoying large profits while failing to pass on the benefits to cocoa farmers, many of whom are suffering falling incomes and worsening poverty, according to a report from the charity Oxfam. The…
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The world’s biggest chocolate producers are enjoying record profits – but are failing to pass on the benefits to cocoa farmers, many of whom are suffering falling incomes and worsening poverty, according to a report from the charity Oxfam.…
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Bank runs, cybersecurity and supply chain reliability were among items on the agenda of closed-door financial talks Friday in Japan by the Group of Seven advanced economies.  Tensions with China, and with Russia over its war on Ukraine,…
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Apple will launch its first online store in Vietnam next week, the company said Friday, hoping to cash in on the country's young and tech-savvy population. The iPhone maker is among a host of global tech giants including Intel, Samsung…
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A renewed political dispute between the federal government of Somalia and the Puntland federal member state, and a failure of the fragile reforms to boost revenue collection and fiscal transparency, could endanger Somalia's hope for full…
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As prices for food and goods remain high in many countries, some economists say the persistent inflation is partly due to corporate profit-seeking. VOA’s Veronica Balderas Iglesias has the details.
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