Economy

Long before the pandemic shut down Hong Kong’s vibrant retail sector, traders from China crossed the border to purchase everything from cosmetics to cars tax-free for profitable reselling upon returning home, where buyers worried about the…
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America's consumers rebounded last month from a weak holiday shopping season by boosting their spending at stores and restaurants at the fastest pace in nearly two years, underscoring the economy's resilience in the face of higher prices…
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The average price for a new vehicle in the United States soared above $49,000 in December, a record high. With Americans increasingly price conscious at a time of high inflation and elevated interest rates, customer choice is a prominent…
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U.S. inflation likely slowed again last month in the latest sign that consumer price increases are becoming less of a burden on America's households. But Tuesday's report from the government may also suggest that further progress in taming…
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Ford said Tuesday that it will cut 3,800 jobs in Europe over the next three years in an effort to streamline its operations as it contends with economic challenges and increasing competition on electric cars. The automaker said 2,300 jobs…
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CAIRO — Egypt is embroiled in cost-of-living and currency crises, in part, exacerbated by Russia's full-scale invasion of Ukraine nearly one year ago — the fallout of which has led to severe disruptions in global food and energy security.…
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Pakistan and the International Monetary Fund have held days of talks on reviving a stalled $6.5 billion bailout program but have failed to reach a deal to help prevent a looming default facing the South Asian nation. The 10-day talks with…
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US President Joe Biden celebrated his economic record this week during the annual State of the Union address. While US unemployment statistics are on the upswing, economists say there are clear economic challenges. Keith Kocinski reports.…
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Southwest Airlines executives and union officials are appearing before the U.S. Senate Commerce Committee Thursday to explain the cancellation of 16,700 flights last December in the middle of the holiday traveling season. In a statement…
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U.S. President Joe Biden followed up his State of the Union address with a trip Wednesday to the Midwestern state of Wisconsin to herald what he sees as the country’s economic advance on his watch. Opposition Republicans, meanwhile, were…
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