Economy

Warmer, drier weather because of an earlier-than-usual El Nino is expected to hamper rice production across Asia, hitting global food security in a world still reeling from the impacts of the war in Ukraine.  An El Nino is a natural,…
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U.S. consumer prices rose 3% in June compared with a year ago, a marked drop in the inflation rate that was the smallest 12-month increase in more than two years, the government reported Wednesday. A year ago, the U.S. inflation rate…
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Global demand for all forms of energy is forecast to rise by 23% through 2045, OPEC Secretary General Haitham Al Ghais told a Nigerian oil and gas conference on Tuesday. Oil executives and officials from the Organization of the Petroleum…
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“Our first meeting with Total they said, ‘Your standard of living will be elevated, you will no longer be poor,” a 48-year-old Ugandan woman supporting seven children, told Human Rights Watch in March. “Now with the oil project starting, we…
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U.S. Treasury Secretary Janet Yellen held “candid and constructive” talks Friday with China’s Prime Minister Li Qiang in Beijing. A Treasury Department statement said Yellen “discussed the administration’s desire to seek healthy economic…
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America's employers pulled back on hiring but still delivered another month of solid gains in June, adding 209,000 jobs, a sign that the economy's resilience is confounding the Federal Reserve's drive to slow growth and inflation. The…
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Speaking Friday in Beijing to the American Chamber of Commerce in China, U.S. Treasury Secretary Janet Yellen said, “The United States does not seek a wholesale separation of our economies. ... The decoupling of the world's two largest…
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The European Union's ambassador to China expressed regret on Sunday over the lack of "substantial progress" with Beijing on trade talks, as EU countries seek to reduce their economic dependence on the Asian giant. The European Commission…
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China’s recent economic slowdown will have a negative but limited impact on the rest of Asia this year as China struggles to recover from the impact of the global pandemic and strict COVID Zero restrictions throughout 2022, according to…
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Here comes “Bidenomics,” President Joe Biden’s self-named plan to forge an economic future “for families and communities that have long been written off and left behind.” On Wednesday, he visited Chicago — a legendary city in the nation’s…
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