Economic

The Upper Midwest Offers the Best States To Survive the Next Recession ORANGE, Calif., April 12, 2022 –To paraphrase: Recessions happen! No one can break the economic cycle. The best …

COLOMBO – Sri Lankan leaders from garments, tea and other industries said on Friday the country’s goods and services exports could plunge 20% to 30% this year due to high …

By Gustavo Palencia TEGUCIGALPA – A special economic zone on a tourist-centric island on Honduras’ Caribbean coast has adopted bitcoin and other cryptocurrencies as legal tender, officials of the zone …

BEIRUT – The International Monetary Fund (IMF) said on Thursday it had reached a preliminary agreement with Lebanon for a four-year extended fund facility that would only get full approval …

NEWARK, N.J., April 7, 2022 — The PSEG Foundation is pleased to announce its new strategic pillars of environmental sustainability, social justice, and equity and economic empowerment. The PSEG Foundation …

BRASILIA – Brazil’s Economy Minister Paulo Guedes said on Thursday that state-run power company Eletrobras will not be able to invest enough to keep up with stronger economic growth expected …

By George Georgiopoulos ATHENS – Greece’s economy is seen expanding by 3.8% this year under a baseline scenario, a slower pace than a previous projection of 5.0%, the head of …

WASHINGTON – The United States plans to keep raising the economic costs on Russian President Vladimir Putin over his invasion of Ukraine, U.S. President Joe Biden said on Wednesday, as …

By Josh Horwitz and Kevin Yao SHANGHAI – China’s top European business group warned on Wednesday that its “zero-COVID” strategy was harming the attractiveness of Shanghai as a financial hub, …

By Leigh Thomas PARIS – French President Emmanuel Macron risks seeing high inflation eroding economic gains achieved during his presidency as he seeks a second term. Macron was elected in …

By Gergely Szakacs BUDAPEST – Prime Minister Viktor Orban faces unprecedented headwinds as he embarks on a fourth consecutive term in office when the Hungarian nationalist will have to navigate …

ALBANY, NEW YORK – Xiaoqing Zheng, age 59, of Niskayuna, New York, was convicted yesterday of conspiracy to commit economic espionage following a four-week jury trial. The announcement was made …

BANGKOK – Thailand’s economic activity in March came under pressure from rising coronavirus infections and higher inflation driven by increasing energy prices, after a recovery in the previous month, the …

ATHENS – Higher energy prices will have a negative impact on Greece’s economic growth this year, the country’s Finance Minister said on Wednesday, adding that he plans to submit a …

WASHINGTON – The Russia-Ukraine crisis is driving up commodities prices and is likely to reduce prospects for global growth in the coming year, U.S. Treasury Secretary Janet Yellen warned on …

MINUWANGODA, Sri Lanka – Thusitha Hadaragama stood at a corner store near his home in Sri Lanka’s Minuwangoda town this week and surveyed groceries to buy for his family of …

SEOUL – South Korea’s nominee for its new central bank chief said on Thursday worries about inflationary and economic risks are mounting and that he would thoroughly review how to …

MEXICO CITY – Mexican Foreign Minister Marcelo Ebrard and his Saudi Arabian counterpart on Wednesday agreed to strengthen bilateral economic relations on the first day of the diplomat’s 10-day tour …

NEWARK, N.J. – A Middlesex County, New Jersey, man today admitted his role in a scheme to defraud lenders and the Small Business Administration (SBA) by fraudulently obtaining approximately $1.6 …

PARIS – The French government presented on Wednesday a new round of measures to help households, companies, farmers and fishermen cope with the economic fallout from Russia’s invasion of Ukraine. …

By Andrea Shalal WASHINGTON – Russia’s invasion of Ukraine will affect the entire global economy by slowing growth and jacking up inflation, and could fundamentally reshape the global economic order …

BEIJING – China has seen increasing positive changes in its economic performance backed up by surprisingly good economic data, but the impacts of the latest COVID-19 resurgence need to be …

By Lisandra Paraguassu and Bernardo Caram BRASILIA – Brazil’s federal government plans to announce on Thursday a program providing some 165 billion reais ($32 billion) of economic stimulus during the …

BEIJING – China will ensure stable economic operations this year, keep economic growth, employment and prices within reasonable ranges, state media quoted the cabinet as saying on Monday. China’s economy …

By Uditha Jayasinghe COLOMBO – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as the island nation seeks help …