Economy Archives

China says it remains committed to the WHO after President Donald Trump pulled the United States out of it following his inauguration

World

China says committed to WHO, Paris climate deal after US pulls out

China vowed on Tuesday to continue participating in two cornerstone multinational arrangements — the World Health Organization and Paris climate accord — after newly...

AFP9 hours ago

Nguyen Thi Hiep is joining a wave of workers rejecting Ho Chi Minh City for a quieter life back home

World

‘Too hard’: Vietnam’s factory workers return to country life

Treading a familiar path for women in rural Vietnam, Nguyen Thi Hiep found a factory job in dynamic Ho Chi Minh City and spent...

AFP14 hours ago

Engelhorn, who gave away the bulk of her multi-million fortune, and British millionaire Phil White, joined the protest

World

Swiss police clear hundreds of anti-Davos protesters

Some 300 people including two millionaires protested in Davos Sunday ahead of next week’s gathering of the global elite at the World Economic Forum...

AFP2 days ago

A communication crisis fueled by disinformation engulfed Brazil's government, forcing it to backtrack on a key financial measure

Social Media

In Brazil, disinformation deals Lula a bruising defeat

The fake news crisis unfolded as Brazil’s government is locked in conflict with social media Meta.

AFP3 days ago

US Treasury Secretary Janet Yellen urged Congress to act quickly 'to protect the full faith and credit of the United States'

Business

US Treasury to take ‘extraordinary measures’ to avoid debt default

The US Treasury Department will start taking “extraordinary measures” next week to avoid risking a default on government debt, Secretary Janet Yellen said Friday,...

AFP4 days ago

Canada's Foreign Minister Melanie Joly, pictured here at a November 14, 2024 meeting, is warning against a trade war with the United States under incoming President Donald Trump

Business

Canada vows ‘Trump tax’ on US in response to tariffs: minister

Americans will be hit by a "Trump tariffs tax" if the US president-elect increases customs duties on Canadian products.

AFP4 days ago

Olaf Scholz pledged to boost investments to get Europe's biggest economy back on track

Business

At VW home base, Germany’s Scholz vows to revive economy

Chancellor Olaf Scholz on Friday laid out his vision to secure the future of Germany’s ailing economy at a campaign event in the historic...

AFP4 days ago

Trump's proposals to hike tariffs and curtail immigration would likely constrain the supply side of the economy and push up prices, IMF Chief Economist Pierre-Olivier Gourinchas says

Business

Trump’s economic plans could cause inflation: IMF chief economist

Donald Trump’s economic plans risk reigniting US inflation, International Monetary Fund (IMF) chief economist Pierre-Olivier Gourinchas told AFP, a few days before the president-elect...

AFP4 days ago