ABUJA, Nigeria — Nigerians are facing one of the West African nation’s worst economic crises in years triggered by surging inflation, the result of monetary policies that have pushed the currency to an all-time low against the dollar. The situation has …
MUNICH — China’s foreign minister told a gathering of international security policy officials Saturday that trying to shut China out of trade in the name of avoiding dependency would be a historic mistake. Wang Yi spoke at the Munich Security Conference. …
ALGIERS, Algeria — In a square near the center of Algiers, currency traders carry wads of euros, pounds and dollars, hoping to exchange them to those worried about the plummeting value of the Algerian dinar. This black market for foreign currencies …
TOKYO — Japan unexpectedly slipped into a recession at the end of last year, losing its title as the world’s third-biggest economy to Germany and raising doubts about when the central bank would begin to exit its decade-long ultra-loose monetary policy. …
Harare, Zimbabwe — Zimbabwe’s government said Monday it is introducing a gold-backed currency to replace the country’s nearly worthless dollar, which most businesses have shunned, preferring the U.S. dollar or South African rand. Minister for Finance and Economic Development Mthuli Ncube …
WASHINGTON — Annual inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is gradually and fitfully coming under control. Tuesday’s report from the Labor Department showed that the consumer price …
NEW YORK — How much choice is too much? Apparently for Coca-Cola, it’s about 400 different types of drinks. That’s why the beverage company recently decided to discontinue half of them, shedding brands like Tab, Zico coconut water, Diet Coke Fiesty …
WASHINGTON — U.S. Treasury Secretary Janet Yellen will travel to the battleground states of Pennsylvania and Michigan this week as part of an election-year push aimed at showcasing what she calls “the strongest economic comeback of our lifetimes.” Yellen will visit …
Dubai, United Arab Emirates — The International Monetary Fund said on Sunday Middle East economies were lagging below growth projections due to oil production cuts and the Israel-Gaza conflict, even as the global economic outlook remained resilient. Despite uncertainties, “the global …
HAVANA — Cuba has charged 30 people with stealing 133 tons of chicken and selling them on the street in a rare major heist at a time of food shortages in the communist-run nation. Thieves took the meat, in 1,660 white …
About 10,000 people born between 1946 and 1964 leave the workforce each day …
Having enough feed for livestock is critical to the food security of many African countries. Some farmers are considering adopting a Chinese-engineered grass called Juncao, advertised as high-yielding and fast-maturing. Some scientists advise caution. Francis Ontomwa has more from Kajiado, …
Baghdad, Iraq — Iraq has banned eight local commercial banks from engaging in U.S. dollar transactions, taking action to reduce fraud, money laundering and other illegal uses of U.S. currency days after a visit by a top U.S. Treasury official. The …
washington — The International Monetary Fund says China’s economic decline is likely to continue over the next four years as the world’s second largest economy deals with a range of challenges from a rapidly aging population, higher unemployment and a property …
Taipei, Taiwan — A new report finds that some global carmakers are applying weaker human rights and responsible-sourcing standards to their joint ventures in China due to pressure from the Chinese government. The lax standards increase the risk of exposing supply …
WASHINGTON — The nation’s employers delivered a stunning burst of hiring to begin 2024, adding 353,000 jobs in January in the latest sign of the economy’s continuing ability to shrug off the highest interest rates in two decades. Friday’s government report …
ST. PETERSBURG, Florida — The “cone of uncertainty” produced by the National Hurricane Center to forecast the location and ferocity of a tropical storm is getting an update this year to include predictions for inland areas, where wind and flooding are …
Countries waging wars are more focused on winning battles than mitigating their environmental impact. But researchers — who say the environmental impact of active conflicts is substantial — are trying to measure wars’ effects. VOA’s Veronica Balderas Iglesias reports. Carla …