Businesses are preparing for a decline in economic activity as Pakistan removes undocumented Afghan immigrants.
As per Islamabad’s directive, Afghan nationals who are residing unlawfully in Pakistan are departing, resulting in a shortage of labor and a decrease in commercial operations for many local business proprietors. VOA’s Pakistan Bureau Chief Sarah Zaman brings us updates…
—————————————————————————————————————- Despite high prices and a pessimistic outlook, consumers in the US continue to spend.
WASHINGTON — Recent data from the U.S. government indicates a significant increase in consumer spending, leading to strong economic growth. This resilience has surprised economists, Federal Reserve officials, and even goes against negative opinions expressed by Americans in polls. According…
Indonesia will exclude private coal power plants from its JETP investment plan.
Jakarta — Sources involved in drafting the document for Indonesia’s investment plan for a G7-led funding program to reduce carbon emissions in its power sector have stated that coal-fired power plants run by industrial estates will not be included. The…
Pumpkin growers in the western region are facing challenges with water shortages, high temperatures, and expensive labor.
Hudson, CO. — On a day with good visibility, Alan Mazzotti is able to view the Rocky Mountains from his pumpkin patch in northeast Colorado, which is approximately 30 miles away. He was able to determine that there was a…
The UAW and Stellantis have come to a preliminary agreement on a contract, with the union also calling for a strike at a GM factory.
detroit, michigan — Stellantis, the manufacturer of Jeep, has come to a preliminary agreement with the United Auto Workers union on Saturday. The agreement between Stellantis and the union, which still needs to be approved by members, means that General…
According to economists in Uganda, the country remains an attractive place for investment, despite the advisory issued by the United States.
KAMPALA, UGANDA — Economists and officials from Uganda are displaying optimism in regards to the nation’s economy and are advising investors to disregard a warning from the U.S. government about potential risks associated with conducting business in the country. The…
The United States experienced an increase in economic growth during the third quarter.
WASHINGTON — The economy of the United States experienced its most rapid growth in almost two years during the third quarter, driven by increased wages resulting from a competitive job market. This once again disproves predictions of a recession that…
The government of Zimbabwe claims that it has suffered losses of over $150 billion due to sanctions.
HARARE, ZIMBABWE — The vice president of Zimbabwe stated on Wednesday that the country has suffered a loss of over $150 billion as a result of sanctions placed by the European Union and nations like the United States, prompted by…
The UNCTAD Report states that a large sum of money is necessary to repair the devastated infrastructure and economy in Gaza.
Geneva — A report from the United Nations Conference on Trade and Development (UNCTAD) states that reversing the effects of border closures, military actions, and de-development in Gaza will require billions of dollars in international economic assistance. The report was…
The recent ruling by the court on the multibillion-dollar gas deal has been met with praise from Nigerians.
ABUJA, NIGERIA — The Nigerian government has expressed approval for the decision made by a London court on Monday, which nullified a $11 billion fine related to a failed gas project involving the country’s biggest economy and a private corporation….