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Economy

New $20 Minimum Wage for California Fast Food Workers Starts Monday

LIVERMORE, Calif. —  Most fast food workers in California will be paid at least $20 an hour beginning Monday when a new law is scheduled to kick in giving more financial security to an historically low-paying profession while threatening to…

Bird Flu, Weather, Inflation Keep Egg Prices Near Historic Highs

Egg prices are at near-historic highs in many parts of the world as the spring holidays approach, reflecting a market scrambled by disease, high demand and growing costs for farmers. It’s the second year in a row consumers have faced…

IMF Confirms Increasing Egypt’s Bailout Loan To $8 Billion

CAIRO —  The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that is meant to shore up the Arab country’s economy, which…

Uranium Being Mined Near Grand Canyon as Prices Soar

The largest uranium producer in the United States is ramping up work just south of Grand Canyon National Park on a long-contested project that comes as global instability and growing demand drive uranium prices higher. The Biden administration and dozens…

West African Project Helps Women Farmers Claim Their Rights, Land

ZIGUINCHOR, Senegal —  Mariama Sonko’s voice resounded through the circle of 40 women farmers sitting in the shade of a cashew tree. They scribbled notes, brows furrowed in concentration as her lecture was punctuated by the thud of falling fruit….

China to Drive World Economic Recovery, Says a Top Communist Official

Brushing off domestic economic headwinds, a top Communist Party official said Thursday that China aims to drive the world’s recovery this year by pushing forward reforms and making tech innovation a new point of growth. The remarks from Zhao Leji,…

China Lifts Heavy Tariffs on Australian Wine as Ties Improve

China on Thursday said it will lift tariffs placed on Australian wine over three years ago, in a sign of improving ties between the two countries. China’s Ministry of Commerce said the decision will take effect Friday. China imposed tariffs…

UN Agency: Over 1 Billion Tons of Food Wasted Each Year

The U.N. Environment Program’s Food Waste Index Report released Wednesday found that 19% of food produced around the world ended up as waste in 2022, equivalent to around 1.05 billion metric tons of food. The report, which tracks the progress…

Chinese President Xi Meets With US Executives as Investment Wanes

BEIJING —  China’s President Xi Jinping met American business leaders at the Great Hall of the People in Beijing on Wednesday, as the government tries to woo back foreign investors and international firms seeking reassurance about the impact of new…

Western Dependence on Russian Nuclear Fuel in the Face of Decarbonization Efforts

According to a study by the Royal United Services Institute in Britain, numerous Western countries continue to use Russian nuclear fuel to operate their power plants, despite attempts to cut economic connections with the Kremlin after their 2022 invasion of…