Economy

In his meeting with Dutch Prime Minister Mark Rutte on Tuesday at the White House, President Joe Biden appeared to have made no progress to get the Netherlands to support U.S. restrictions on exporting chip-making technology to China, a key…
Read More...

The Treasury Department said Monday it plans to increase its borrowing during the first three months of 2023, even as the federal government is bumping up against a $31.4 trillion limit on its legal borrowing authority.  The U.S. plans to…
Read More...

U.S. House Speaker Kevin McCarthy promised Sunday the United States would not default on its national debts as the country approaches its $31.4 trillion spending limit in June but said the government cannot continue to annually spend more…
Read More...

Across the U.S., there's a silent frustration brewing about an age-old practice that many say is getting out of hand: tipping. Some fed-up consumers are posting rants on social media complaining about tip requests at drive-thrus, while…
Read More...

A Japanese whaling operator, after struggling for years to promote its products amid protests from conservationists, has found a new way to cultivate clientele and bolster sales: whale meat vending machines. The Kujira (Whale) Store, an…
Read More...

WASHINGTON (AP) — The second consecutive quarter of economic growth that the government reported Thursday underscored that the nation isn't in a recession despite high inflation and the Federal Reserve's fastest pace of interest rate hikes…
Read More...

Nigerian authorities have hailed the launch of a deepwater seaport in Lagos they say will create 300,000 jobs and reduce shipping bottlenecks. While the new port is expected to reduce losses due to congestion, shipping industry experts say…
Read More...

The U.S. economy cooled only slightly at the end of last year, advancing at an annualized 2.9% rate, the Department of Commerce reported Thursday, even as forecasters are suggesting a recession is possible later in 2023. The growth in the…
Read More...

The head of the International Monetary Fund is praising Zambia’s efforts to reform its economy and urging its creditors to restructure the country’s debts. Zambia was the first African country to default on its sovereign debt in the COVID…
Read More...

Spotify CEO Daniel Ek announced Monday that the company plans to lay off about 6% of its workforce, or roughly 600 employees. The cuts are a result of economic challenges related to the pandemic, Ek said.  The Swedish media streaming…
Read More...