Ethiopia begins selling stakes in state-owned company
Ethiopia’s state-owned telecommunications company has started selling shares to the public, in a move aimed at establishing a new national stock market and giving Ethiopians a stake in the company, one of the country’s largest and most profitable. Ethio Telecom…
IMF’s economic view: A brighter outlook for US but still-tepid global growth
Washington — The International Monetary Fund on Tuesday upgraded its economic outlook for the United States this year, while lowering its expectations for growth in Europe and China. It left its forecast for global growth unchanged at a relatively lackluster…
Lower-priced new cars are gaining popularity, and not just for cash-poor buyers
Detroit — Had she wanted to, Michelle Chumley could have afforded a pricey new SUV loaded with options. But when it came time to replace her Chevrolet Blazer SUV, for which she’d paid about $40,000 three years ago, Chumley chose…
US exporters race to ship soybeans as looming election stokes tariff worries
Chicagp — U.S. soybean export premiums are at their highest in 14 months, as grain merchants race to ship out a record-large U.S. harvest ahead of the U.S. presidential election and fears of renewed trade tensions with top importer China,…
Should minimum wage be lower for workers who get tipped? Two states are set to decide
Mel Nichols, a 37-year-old bartender in Phoenix, Arizona, takes home anywhere from $30 to $50 an hour with tips included. But the uncertainty of how much she’s going to make on a daily basis is a constant source of stress….
Broke Argentine province counters austerity cuts with new currency
LA RIOJA, Argentina — They look like cash, fit into wallets like cash and the governor promises they’ll be treated like cash. But these brightly colored banknotes aren’t pesos, the depreciating national currency of Argentina, or U.S. dollars, everyone’s money…
Southeast Asia bears brunt of US trade curbs on Uyghur forced labor
BANGKOK — Southeast Asia is bearing the mounting brunt of U.S. trade curbs aimed at stemming the forced labor of ethnic minority Uyghurs in China, with billions of dollars in blocked exports, the latest U.S. trade figures show. Economists and…
African port growth hindered by poor road, rail networks, report says
NAIROBI, KENYA — Africa has seen the capacity of its ports grow significantly over the years, but a report from the Africa Finance Corporation says the expansions, upgrades and investments have not led to better inland logistics and supply chains….
European Central Bank cuts main interest rate a quarter-point to 3.25% as inflation fades
The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than three…
Germany outlines measures to strengthen domestic wind industry
Germany plans to introduce measures aimed at boosting its domestic wind industry, the economy ministry said on Thursday, amid concerns from European governments and companies over Chinese firms gaining momentum on the continent. The measures will focus on improving cybersecurity,…