Local governments in China with high levels of debt are promoting the growth of new businesses.
WASHINGTON/TAIPEI, TAIWAN — As the debt continues to increase, officials in China’s Jiangsu province are promoting the idea of “off-duty entrepreneurship” for employees at state-owned companies. They are also encouraging workers to take unpaid leave in order to pursue their…
The APEC Summit receives an infusion of American-made products from Washington.
During the middle of November, representatives from Washington will be visiting San Francisco for APEC Economic Leaders’ Week. Experts on trade suggest that the U.S. has made changes to their policies that could potentially entice more APEC countries to invest…
The Federal Reserve has chosen to maintain the current interest rate, while also leaving the option open for a potential increase.
washington — The Federal Reserve decided to maintain its primary short-term interest rate on Wednesday for the second consecutive time, but also indicated that it might consider raising the rate if inflation continues to increase in the upcoming months. After…
In Zambia, there is a varied perspective among traders and consumers regarding imports from China.
Authorities in Zambia have reported a rise in trade with China, reaching over $5 billion in 2022. This has resulted in an increase of Chinese goods being sold in local markets. While some Zambians are pleased with the expanded options,…
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…