At the summit, both Biden and Xi vie to establish alliances with the Asia-Pacific region.
On Thursday, President Joe Biden highlighted the robustness of the United States’ economic growth in an attempt to persuade 19 Asia-Pacific nations to join forces with the U.S. In a similar manner, China’s leader made a similar pitch at this…
The President of Malawi has halted overseas travels for government officials due to the devaluation of the currency.
BLANTYRE, MALAWI — The President of Malawi, Lazarus Chakwera, has halted all international travels for himself and government officials in order to implement budget cuts and lessen the effects of the recent 44% depreciation of the local currency on the…
Analysts from Nigeria are doubtful about the recent oil refinery agreements made with Saudi Arabia.
Abuja, Nigeria — Nigerian professionals are optimistic that the recent agreements made with Saudi Arabia will enhance domestic oil production and contribute to economic growth. The agreements involve a commitment from Saudi authorities to repair Nigeria’s four non-functional oil refineries,…
The US House has passed a proposal to prevent a partial government shutdown.
On Tuesday, the U.S. House of Representatives casted a vote of 336-95, passing a proposal to prevent a partial shutdown of the government on Saturday. However, the decision also delays any controversial discussions regarding spending priorities until early 2024. The…
As concerns about the credit rating of the US continue to arise, there is increasing demand for the establishment of a “Fiscal Commission”.
As the possibility of a government shutdown approaches and the federal deficit continues to rise, Moody’s bond rating firm has downgraded its outlook for U.S. Treasury debt from “stable” to “negative” on Friday. Moody’s, the sole credit ratings agency that…
Moody’s has changed their outlook on the credit rating of the United States to negative, causing frustration and anger from officials in Washington.
NEW YORK/WASHINGTON — On Friday, Moody’s changed its assessment of the U.S. credit rating from “stable” to “negative,” pointing to significant fiscal deficits and a decrease in the ability to afford debt. This decision was met with immediate disapproval from…
The popularity of China’s annual ‘Singles Day’ shopping event declines.
BEIJING — The annual event known as “Singles Day” in China will end at midnight on Saturday. However, it seems that consumers are not as interested in the flashy sales and discounts this year due to the slowdown of the…
The United Nations report highlights the destructive effects of war on the Palestinian economy.
UNITED NATIONS — A recent report from the United Nations depicts a bleak portrayal of the deterioration of the Palestinian economy due to a month-long conflict and Israel’s complete blockade of Gaza. The United Nations reported that the conflict in…
The ongoing conflict in Ukraine continues to have a significant impact on the global agriculture industry.
American farmers have a strong interest in the events unfolding in Ukraine, as they are keen to understand the impact of the war on both international farmers and their own agricultural practices. VOA reporter Kane Farabaugh brings us the latest…
The tension between the US and China may prove advantageous for APEC countries.
Several countries in the Asia-Pacific Economic Cooperation group could benefit from the recent trend of American businesses relocating their production from China to nations with strong ties to the United States. VOA reporter Jessica Stone provides an explanation for this…