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Economy

World braces for impact as Trump revisits trade wars

Countries around the world are bracing for economic upheaval as incoming U.S. President Donald Trump threatens massive tariffs, especially on China. The uncertainty has left governments and businesses struggling with how to respond, as VOA’s Bill Gallo reports from Seoul,…

AI app helps Kenyan farmers optimize crop yields

Farmers in Kenya are using artificial intelligence to help them get better crop yields. An AI-powered tool – called Virtual Agronomist – engages directly with farmers to help them create tailored plans to optimize the quality and quantity of their…

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…