Lower turkey costs set table for cheaper US Thanksgiving feast this year
Inflation-weary consumers should see the cost of their classic Thanksgiving dinner gobble less of their paychecks this year, largely because Americans are buying less of the meal’s centerpiece dish, turkey. The price tag of the traditional holiday meal, which also…
Zambia, Zimbabwe seek move to wind, solar to avert power shortages
VICTORIA FALLS, ZIMBABWE — Zimbabwe and Zambia are holding a summit this week in Victoria Falls to identify ways to attract investors for energy projects and development. The talks come as the neighbors experience their worst recorded drought, which is…
Greece to repay chunk of bailout debt early
Athens, Greece — Greece will make an early repayment of 5 billion euros ($5.3 billion) in bailout-era debt in 2025, Prime Minister Kyriakos Mitsotakis told a banking conference in Athens on Monday, describing the move as a signal of the…
Debt-saddled Laos struggles to tame rampant inflation
Vientiane, Laos — Suffocating under a mountain of debt to China, communist Laos is struggling to tame rampant inflation, with food prices rising so sharply that a growing number of households are resorting to foraging. At a market in Vientiane,…
Foreign acquisition of US Steel faces cooler temperatures after presidential election
Before the U.S. presidential election, President Joe Biden and former President Donald Trump opposed a Japanese company’s planned $14 billion purchase of U.S. Steel, a once-iconic pillar of America’s industrial age. With the election over, there are indications that the…
Analysts skeptical about African impact of China’s zero-tariff offer
NEW DELHI — Analysts interviewed by VOA expressed skepticism over China’s recent decision to eliminate tariffs for goods from least developed countries with diplomatic relations with Bejing, including 33 in Africa, next month. The move was announced by Chinese President…
Bain: Global luxury sales to fall 2% in 2024, among weakest years on record
Sales of personal luxury goods are set to fall 2% this year, making it one of the weakest on record, with price hikes and economic uncertainty shrinking the industry’s customer base, according to consultancy Bain & Company. In its closely-watched…
As data center industry booms, English village becomes battleground
ABBOTS LANGLEY, England — Originally built to store crops from peasant farmers, the Tithe Barn on the edge of the English village of Abbots Langley was converted into homes that preserve its centuries of history. Now, its residents are fighting…
Germany’s Scholz summons top ministers over rival plans to fix economy
Berlin — German Chancellor Olaf Scholz will hold meetings with his top two ministers to try to find common ground after they put forward contradictory plans to fix the nation’s ailing economy, a government source told Reuters on Sunday. A…
US employers add 12,000 jobs last month as hurricanes, strikes reduce payrolls
WASHINGTON — America’s employers added 12,000 jobs in October, a total that economists say was held down by the effects of strikes and hurricanes that left many workers temporarily off payrolls. The report provided a somewhat blurry view of the…