The unexpected strength of the US economy can be attributed to a boost in productivity.
Washington — Last year, Batesville Tool & Die faced the challenge of meeting customer demand and started searching for 70 new employees. This task proved to be difficult, as it was not easy to attract factory workers to the small…
Dior has indefinitely postponed their fashion show in Hong Kong.
HONG KONG — Dior has postponed a fashion show set to be held in Hong Kong next month, a city official confirmed Saturday, dealing a blow to the financial hub’s ambitions to boost its economy through major events. Hong Kong…
American manufacturers urge the US to prevent Chinese cars from being imported through Mexico.
WASHINGTON — On Friday, a group that advocates for U.S. manufacturing stated that the government of the United States should prohibit the import of inexpensive Chinese automobiles and components from Mexico. They cautioned that such imports could potentially harm the…
The economy of Ukraine, devastated by war, appears to be slowly recovering.
In the year 2022, when Russia initiated a full-scale invasion, the economy of Ukraine experienced a decrease of 29%. This led to the destruction of businesses, a halt in exports, and the displacement of millions of individuals. However, according to…
AI is being adopted by Kenyan businesses to improve marketing effectiveness and reduce expenses.
Amidst economic struggles, businesses in Kenya are increasingly utilizing artificial intelligence to cut down on production and marketing costs. This development has sparked concerns among artists and advertising agencies, who worry about potential income reduction and unemployment as AI becomes…
The reason for the protests by farmers in Europe.
PARIS — Farmers are protesting across the European Union, saying they are facing rising costs and taxes, red tape, excessive environmental rules and competition from cheap food imports. Protests have been ongoing for several weeks in various countries, such as…
Nigeria Struggles with Rapidly Rising Inflation and Falling Currency Value
ABUJA, Nigeria — The citizens of Nigeria are currently experiencing a severe economic crisis, one of the worst in the West African region. This crisis has been caused by a sharp increase in inflation, which is a direct result of…
The Foreign Minister warns that excluding China from trade would be a significant error.
MUNICH — On Saturday, the foreign minister of China spoke to a group of global security policy leaders and stated that excluding China from trade in order to avoid dependence would be a significant error. Wang Yi addressed the Munich…
The economic struggles of Algeria are highlighted by its illegal market for exchanging foreign currency.
ALGIERS, Algeria — Currency traders in Algiers’ central square are carrying bundles of euros, pounds, and dollars, eager to trade with those concerned about the declining value of the Algerian dinar. The existence of a black market for foreign currencies…
Japan has unexpectedly entered into a period of economic decline known as recession.
TOKYO — Unexpectedly, Japan fell into a recession at the end of last year, causing it to lose its position as the world’s third largest economy to Germany. This has also led to uncertainty about when the central bank will…