Economy

Consumer prices in the United States cooled last month, rising just 0.1% from April to May and extending the past year's steady easing of inflation. At the same time, some measures of underlying price pressures remained high. Measured…
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South Korea has charged a former Samsung executive accused of stealing company secrets worth hundreds of millions of dollars to set up a copycat chip factory in China, prosecutors told AFP on Tuesday. Semiconductors have become a…
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Australia’s national science agency Tuesday unveiled a new blueprint to ensure the nation’s food supply is secure and resilient. The Commonwealth Scientific and Industrial Research Organization has said the sector faces serious challenges,…
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Canada's worst-ever spring wildfire season has forced its forestry industry to shutter sawmills, driving up lumber prices and setting production back for months just as housing construction has slowed due to higher costs and a tight labor…
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Pakistani authorities are touting the arrival of the first shipment of discounted Russian crude oil as “transformative,” however, analysts say the extent of relief it will bring the country’s crisis-riddled economy is not clear.  …
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Zimbabwe's central bank’s efforts to arrest the sharp depreciation of the country's dollar seem to be failing as the currency took a nosedive and was trading Monday at more than 6000 against the U.S. dollar from about 2600 on the…
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In a good month, Celina Chanthanouvong has about $200 left after rent, groceries and car insurance. That doesn't factor in her student loans, which have been on hold since the start of the pandemic and are estimated to cost $300 a month.…
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Despite Western attempts to stifle Russia’s economy through sanctions following its invasion of Ukraine last year, Russian trade volumes with dozens of countries have actually increased since the war began — with NATO member Turkey…
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Pakistanis traditionally give generously to charity, but most avoid paying taxes. Now, charities are feeling the pressure as donations drop amid record-setting 38% inflation. Low tax collection, meanwhile, hurts economic growth, forcing…
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The United States will push back on China's targeting of American firms, which Washington considers politically motivated and unfair, U.S. Ambassador to China Nicholas Burns said on Wednesday. Several U.S. companies have faced increased…
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