Economy

The EU will reveal hotly debated proposals Thursday to boost spending on clean tech, possibly overcoming internal divisions to include nuclear energy in the mix, to confront growing industrial competition from the United States and China.…
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Credit Suisse announced Thursday that it would borrow almost $54 billion from the Swiss central bank to reinforce the group after a plunge in its share prices. The disclosure came just hours after the Swiss National Bank said capital and…
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Stock markets in Europe and the U.S. tumbled Wednesday as investors worried about the stability of global banking systems in the immediate aftermath of the collapse of two American banks. Major stock indexes in London, Paris and…
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The increase in U.S. consumer prices eased again in February, the Labor Department reported Tuesday, dropping to 6% over the last year, the slowest annualized jump since September 2021.  The favorable data, however, leaves open the…
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In the early days of the COVID-19 pandemic, nurses, truck drivers, grocery clerks and other essential workers were hailed as heroes. "Now we are vilifying them … and this has long-term ramifications for our well-being," said Manuela…
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Argentina’s annual inflation rate breached the 100% mark for the first time since 1991. The government’s statistics agency said Tuesday the yearly inflation rate for February rose to 102.5%, making it one of the highest in the world. The…
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They are perhaps the two most feared words for regulators of the financial industry: Bank run. And that is what happened last week when depositors, during a single day, withdrew $42 billion from California-based Silicon Valley Bank (SVB),…
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U.S. bank stocks fell on Monday even as President Joe Biden assured Americans that the U.S. banking system was secure and that taxpayers would not bail out investors at two banks that collapsed.      "Americans can have confidence the…
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According to recent studies, working four days a week instead of five can improve people's overall wellness. The challenge, however, is whether businesses can maintain the same level of productivity in shorter periods of time. VOA's…
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Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000 employees, the first Big Tech company to announce a second round of mass layoffs.  "We expect to reduce our team size by…
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