Economy

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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After his May 29 inauguration, Nigerian president Bola Tinubu announced he would soon end a decades-old fuel subsidy, saying the country can no longer afford the cost. His comments sparked panic buying of gas and raised concerns about…
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The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped COVID restrictions, but it warned the recovery faces a "long road." The Paris-based organization forecast an economic…
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The World Bank on Tuesday raised its 2023 global growth forecast as the U.S. and other major economies have proven more resilient than predicted but said higher interest rates would cause a larger-than-expected drag next year. Real global…
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The U.S. Department of Homeland Security is looking at how artificial intelligence can be used to help identify goods made with child or forced labor and prevent those goods from entering the country. VOA’s Julie Taboh has more. VOA footage…
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Stretch limousines — once a symbol of the rich and famous — are now rarely seen on the roads and at red carpet events. Karina Bafradzhian investigates why demand for limousines has declined.
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