Biden to spotlight Angola’s Lobito Corridor, his legacy to counter China in Africa
WASHINGTON — When U.S. President Joe Biden visits Angola on Wednesday, he will put into focus his legacy infrastructure project aimed at securing crucial supply chains on the African continent. Called the Lobito Corridor, the project is the centerpiece of…
‘Everything is expensive!’ Bolivia faces a shocking economic collapse
Fuel is rapidly becoming one of Bolivia’s scarcest commodities. Long lines of vehicles snake for several kilometers outside gas stations all over Bolivia, once South America’s second-largest producer of natural gas. Some of the queues don’t budge for days. While…
Eggs are available but pricier as the holiday baking season begins
U.S. egg prices are rising once more as a lingering outbreak of bird flu coincides with the high demand of the holiday baking season. But prices are still far from the recent peak they reached almost two years ago. And…
Foreign smartphone sales in China drop 44% in October, data show
New data released Wednesday from a Chinese government-affiliated research firm showed sales of foreign-branded smartphones, including Apple’s iPhone, fell 44.25% year-on-year in China in October, while overall phone sales in China have increased 1.8%, Reuters reported. The data released by…
Some Zimbabwean farmers turn to maggots to survive drought and thrive
NYANGAMBE, ZIMBABWE — At first, the suggestion to try farming maggots spooked Mari Choumumba and other farmers in Nyangambe, a region in southeastern Zimbabwe where drought wiped out the staple crop of corn. After multiple cholera outbreaks in the southern…
What Black Friday’s history tells us about holiday shopping in 2024
NEW YORK — The holiday shopping season is about to reach full speed with Black Friday, which kicks off the post-Thanksgiving retail rush this week. The annual sales event no longer creates the midnight mall crowds or doorbuster mayhem of…
In wake of G20, Gulf states boost ties to Brazil, Latin America
Middle East analysts are welcoming a series of agreements concluded during the recent summit in Brazil of the 20 biggest economies, saying they open new avenues for Gulf Cooperation Council states to strengthen economic relations with emerging markets across Latin…
Mexico, Canada warn Trump against raising tariffs
MEXICO CITY — Mexican President Claudia Sheinbaum said on Wednesday that Mexico would retaliate if U.S. President-elect Donald Trump followed through with his proposed 25% across-the-board tariff, a move her government warned could kill 400,000 U.S. jobs and drive up…
France’s farmers resume strike over South American trade deal
Protests by French and other European farmers are threatening a long-expected trade deal between the European Union and South American trading bloc Mercosur, comprising Brazil, Argentina, Paraguay and Uruguay. The EU hopes to clinch it next month — but individual…
US inflation gauge ticks higher with price pressures still stubborn
Washington — Consumer price increases accelerated last month, the latest sign that inflation’s steady decline over the past two years has stalled. According to the Federal Reserve’s preferred inflation gauge, consumer prices rose 2.3% in October from a year earlier,…