Economy

The World Bank and International Monetary Fund's spring meetings kick off this week with an ambitious reform and fundraising agenda likely to be overshadowed by concerns over high inflation, rising geopolitical tension and financial…
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California officials want federal disaster aid for the state's salmon fishing industry, they said Friday following the closure of recreational and commercial king salmon fishing seasons along much of the West Coast due to near-record low…
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America's employers added a solid 236,000 jobs in March, reflecting a resilient labor market and suggesting that the Federal Reserve may see the need to keep raising interest rates in the coming months.  The unemployment rate fell to…
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Nigeria has secured an $800 million relief package from the World Bank to help cushion the impact of a plan to remove in June a long-held fuel subsidy.  Nigeria's finance minister, Zainab Ahmed, on Wednesday said the money would be…
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The Biden administration is pressing its case for a new approach to global trade, arguing that America's traditional reliance on promoting free trade pacts failed to anticipate China's brass-knuckled brand of capitalism and the possibility…
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In a grim report issued last week, the World Bank warned of a slow-growth crisis in the global economy that could persist over the coming decade unless governments worldwide adopt what it calls "sustainable, growth-oriented policies." The…
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McDonald's announced Monday plans to lay off a number of corporate employees and closed U.S. offices through Wednesday as the company prepares to deliver the notifications as part of a larger restructuring plan. The international…
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Major oil-producing countries led by Saudi Arabia said they're cutting supplies of crude — again. This time, the decision was a surprise and is underlining worries about where the global economy might be headed. Russia is joining in by…
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Beijing is sending conflicting signals to foreign companies by telling those offshore that the country is reopening while arresting employees of foreign companies already operating in China, experts say. The contradictory messages suggest…
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The International Monetary Fund has approved a $15.6 billion support package for Ukraine to assist with the conflict-hit country's economic recovery, the fund said in a statement Friday. Russia's invasion has devastated Ukraine's economy,…
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