Economy

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…
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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…
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Rubber tapper Raimundo Mendes de Barros prepares to leave his home, surrounded by rainforest, for an errand in the Brazilian Amazon city of Xapuri. He slides his long, scarred, 77-year-old feet into a pair of sneakers made by Veja, a French…
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Sri Lanka has moved closer to securing a crucial $2.9 billion loan from the International Monetary Fund after India extended financing assurances that Colombo needs from its major foreign creditors to get the bailout package.  The IMF…
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Alphabet Inc., the parent company of tech giant Google, announced Friday it is laying off 12,000 workers across the entire company — cuts reflecting six percent of the company’s total workforce. In an email to employees Friday, Chief…
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The U.S. has begun taking “extraordinary measures” to avoid spending that would breach the country’s $31.4 trillion debt ceiling, Treasury Secretary Janet Yellen told lawmakers Thursday, touching off a Washington debate on how to avoid a…
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India’s population is set to surpass China’s sometime this year according to the United Nations. Experts say while this represents an opportunity to reap a demographic dividend, much will depend on how India leverages its numbers,…
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Buying an electric vehicle remains challenging for many consumers. High prices and limited access to charging stations can make it a difficult decision, especially in emerging markets like Indonesia. VOA’s Ahadian Utama reports. Camera:…
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Boeing bid farewell to an icon on Tuesday, delivering its final 747 jumbo jet as thousands of workers who helped build the planes over the past 55 years looked on.  Since its first flight in 1969, the giant yet graceful 747 has served as…
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The Federal Reserve raised its target interest rate by a quarter of a percentage point on Wednesday, yet promised "ongoing increases" in borrowing costs as part of its still unresolved battle against inflation.  "Inflation has eased…
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