NEW YORK — U.S. oil production rose 260,000 barrels per day month-over-month to a record 13.46 million bpd in October as demand surged to the highest levels since the pandemic, data from the U.S. Energy Information Administration showed on Tuesday. U.S. …
new york — Global stock markets mostly fell Monday in jittery holiday trading ahead of a potentially tumultuous 2025 that will see Donald Trump return to the White House. Wall Street’s three main indices slumped to end the day, adding to …
A different approach to energy is at the center of President-elect Donald Trump’s promise to bring down the cost of living for Americans. But as VOA’s Congressional Correspondent Katherine Gypson reports, Trump’s plans could be complicated by a complex global …
WASHINGTON — Treasury Secretary Janet Yellen said her agency would need to start taking “extraordinary measures,” or special accounting maneuvers intended to prevent the nation from hitting the debt ceiling, as early as January 14, in a letter sent to congressional …
Rio de Janeiro, Brazil — Authorities in Brazil said Friday they are probing Chinese auto giant BYD and one of its contractors for suspected “trafficking” of Chinese workers building a factory in the South American country. Federal prosecutors in Brazil are …
The World Bank raised on Thursday its forecast for China’s economic growth in 2024 and 2025, but warned that subdued household and business confidence, along with headwinds in the property sector, would keep weighing it down next year. The world’s …
BEIJING/TOKYO — Talks between China and Japan’s foreign ministers in Beijing have paved way for Japan to host China’s foreign affairs chief next year, and mutual agreement to hold a security dialog as soon as possible, Japan said on Wednesday. No …
Major banks and business groups sued the Federal Reserve on Tuesday, alleging the U.S. central bank’s annual “stress tests” of Wall Street firms violate the law. The lawsuit filed in U.S. District Court in Columbus, Ohio, claims the Fed’s practice …
TOKYO — Japanese automakers Honda and Nissan have announced plans to work toward a merger, forming world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels. The two companies said they had signed …
Washington — President-elect Donald Trump said on Sunday that Stephen Miran, a Treasury Department adviser in his first administration, would be the chair of his Council of Economic Advisers. The council advises the president on economic policy and is composed of …
PARIS — Pastry chef Arnaud Delmontel rolls out dough for croissants and pains au chocolat that later emerge golden and fragrant from the oven in his Paris patisserie. The price for the butter so essential to the pastries has shot up …
Amazon.com workers at seven U.S. facilities walked off the job early on Thursday during the holiday shopping rush, aiming to pressure the retailer into contract talks with their union. Warehouse workers in cities including New York, Atlanta and San Francisco …
Bangkok — For many countries in Southeast Asia, Chinese investment and tourism are key to their economies. However, cheap low-quality Chinese products that are flooding markets across the region are also raising concerns about how they are undercutting local businesses, experts …
WASHINGTON — The Federal Reserve cut its key interest rate Wednesday by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, largely because of …
NAIROBI, KENYA — Kenya’s president said Tuesday that a mass livestock vaccination campaign will continue despite fears of some herders and farmers that the inoculations will somehow hurt their animals. Kenyan President William Ruto lashed out at those objecting to a …
After the fall of the regime of Bashar al-Assad, the value of the Syrian currency increased against the U.S. dollar, but the price of goods remains high. Residents say that traders are exploiting this situation and that official monitoring institutions …
ZURICH — The Financial Stability Board (FSB) on Wednesday pitched recommendations for governments to reduce risks around hedge funds, insurers and other non-bank financial intermediaries, which now account for almost half of global financial assets. The sector of non-bank financial intermediation …
Tokyo — Japan wants renewable energy to account for up to 50% of its electricity mix by fiscal year 2040 with nuclear power taking up another 20%, according to a draft of its revised basic energy policy, as it makes a …
GENEVA — Migrants play a crucial role in the global economy by filling essential jobs in foreign countries and sending much-needed remittances to their home countries, according to a report released Monday by the International Labour Organization. The report’s release comes …
On the U.S. West Coast, conservationists for the world’s largest dam-removal project are both celebrating initial successes and encountering short-term obstacles. VOA’s Matt Dibble has our story from the Klamath River on the border between California and Oregon. …