‘Extreme’ climate blamed for world’s worst wine harvest in 62 years
Paris, France — World wine production dropped 10 percent last year, the biggest fall in more than six decades, because of “extreme” climate changes, the body that monitors the trade said Thursday. “Extreme environmental conditions” including droughts, fires and other…
US growth slowed sharply last quarter to 1.6%, reflecting economy pressured by high rates
WASHINGTON — The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers — the main driver of economic growth — kept spending at a solid pace. Thursday’s report from…
Popular Indian payment system faces restrictions due to China connections
Paytm, a popular payment app in India, faces government restrictions on business because of its Chinese connections, local media say. India is ramping up scrutiny and restrictions on other Chinese tech companies, too, amid concerns about security and geopolitics. Henry…
US ponders trade status upgrade for Vietnam despite some opposition
Washington — U.S. officials are considering a request from Vietnam to be removed from a list of “nonmarket” economies, a step that would foster improved diplomatic relations with a potential ally in Asia but would anger some U.S. lawmakers and…
US presidential contenders differ on who’s better for economy
The U.S. economy is always a major factor in the presidential campaign because the president plays a key role in setting and shaping trade and economic policies. VOA’s Senior Washington Correspondent Carolyn Presutti reports on how the economy is doing…
Chinese linked e-commerce companies shake up US market
Two Chinese-linked online marketplaces are shaking up the e-commerce market with extremely low prices, even as the firms face concerns from consumers about labor practices. The rapid rise in popularity of Temu and SHEIN has been so sudden that Amazon…
China slaps anti-dumping levy on import of a US chemical amid rising trade tensions
China on Friday imposed a levy on imports of an acid from the United States widely used in food, feed, pesticides and medical fields, amid heightened tensions with Washington over bilateral trade. From Saturday, imports of propionic acid from the…
Biden seeks higher tariffs on Chinese steel as he courts union voters
SCRANTON, Pa. — President Joe Biden is calling for a tripling of tariffs on steel from China to protect American producers from a flood of cheap imports, an announcement he planned to roll out Wednesday in an address to steelworkers…
Zimbabwe’s new gold-backed currency sliding on black market
Harare, Zimbabwe — Zimbabwe’s recently introduced gold-backed currency is sliding on the local black market but officials insist the currency is getting stronger and has a bright future. Columbus Mavhunga reports from Harare. Even songs are played on the radio…
Angolan fishermen blame Chinese trawlers for declining fish stock
In the port of Benguela on Angola’s Pacific coast, fishermen and fish traders are struggling to make ends meet. They say their catch is getting smaller and they blame illegal fishing by Chinese trawlers. For Joao Marcos, Barbara Santos has…