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…
Zimbabwe is making an effort to introduce a currency backed by gold.
Harare, Zimbabwe — On Monday, the government of Zimbabwe announced that it will be implementing a currency backed by gold to take the place of their currently devalued dollar. This decision comes as many businesses in the country have opted…
The rate of inflation in the United States has decreased as the gradual easing of price pressures continues.
WASHINGTON — Annual inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is gradually and fitfully coming under control. The report released by the Labor Department on Tuesday indicated…