Economy & Business

Video Rebuilding of Mogadishu Airport, Seaport Underway

Once volatile and bullet-riddled capital is being revitalized at a swift pace More

Video US Culinary School Draws Students from Around the Globe

Once small vocational school now has four campuses, with 300 of its students coming from 48 other countries More

FILE - Jimmetta Smith of Lithonia, Ga., right, holds her resume while talking with Rhonda Knight, a senior recruiter for Delta airlines, at a job fair in Marietta, Ga., Nov. 14, 2013.

Report: US Manufacturing Grows More Slowly

Bloomberg predicts a net gain of 215,000 jobs across the economy, while they predict unemployment rate will be unchanged at 6.1 percent More

A woman walks out of a building past a board showing currency exchange rates in St. Petersburg, Russia, Sept. 26, 2014.

IMF Cuts Russian GDP Forecast in Half

International Monetary Fund cites tensions over Ukraine, Western sanctions for decision More

French Finance Minister Michel Sapin attends a news conference to announce the 2015 Budget Project at the Bercy Ministry in Paris, October 1, 2014.

France Defies EU Partners with ‘No Austerity’ Budget

France had promised EU partners it would bring its deficit below 3 percent by next year; Now it will remain above 3 percent until at least 2017 More


More Economy & Business News

Recession Looms Over Venezuela, Official Data Under Wraps

Empty store shelves, closed factory gates and idled construction projects tell their own story
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Zero Growth Seen for Russian Economy in 2014 as Ukraine Fall-out Bites

Western sanctions causing capital flight, credit squeeze; inflation to end year at 7.9 percent, stay high into 2015, experts predict
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Kenya's Economy Jumps by a Quarter to Join Africa's Top 10

Country moves from 12th into 9th place, now ranking above Ghana, Tunisia and Ethiopia but below oil-producing Sudan, based on latest World Bank table
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China Approves Sale of Newest iPhones

Apple also promised it never established any so-called 'back door' that allows governments to access user data
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US Judge Holds Argentina in Contempt Over Bond Payment Plan

In rare move, District Judge Thomas Griesa says country taking 'illegal' steps to evade his orders in longstanding dispute with hedge funds over defaulted debt
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Trial Questioning Legality of AIG Bailout to Begin

Judge, in rejecting US bid to dismiss lawsuit, says the case involved 'complex financial and economic issues' that deserved analysis
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EU Watchdog to Give Reasons for Inquiry into Apple's Irish Tax Savings

Apple has denied receiving any selective tax treatment from Irish authorities and Irish government reiterated that it is confident it had not breached state aid rules
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As MH370 Search Resumes, Plans for Improving Air Traffic Control in Asia

Experts predict air passenger traffic in Asia-Pacific will grow by 5.7 percent per year in the coming years
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Business Video

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US Economy Rebounds Faster Than Expected in Second Quarteri
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September 26, 2014 9:46 PM
The Commerce Department says the U.S. economy expanded at its fastest pace in more than two years - growing at an annualized rate of 4.6 percent from April through June. That’s a positive sign for the rest of the year, after a disastrous first quarter saw the country’s domestic output shrink by more than two percent. Some economists say it’s a sure sign the U.S. economy is on the mend, but others say it’s too soon to celebrate. Mil Arcega has more.
Video

Video US Economy Rebounds Faster Than Expected in Second Quarter

The Commerce Department says the U.S. economy expanded at its fastest pace in more than two years - growing at an annualized rate of 4.6 percent from April through June. That’s a positive sign for the rest of the year, after a disastrous first quarter saw the country’s domestic output shrink by more than two percent. Some economists say it’s a sure sign the U.S. economy is on the mend, but others say it’s too soon to celebrate. Mil Arcega has more.
Video

Video Russia's Food Sanctions Raise Price Worries, Hopes for Domestic Production

Russia retaliated against Western sanctions imposed for its actions in Ukraine by halting food imports from the West. The temporary import ban on food from Australia, the European Union, Norway and North America has Russian consumers concerned that they could face a sharp increase in food prices. But in an ironic twist, the restrictions aimed at the Kremlin have made Russia's domestic food producers hopeful this can boost their business. VOA's Daniel Schearf reports from Moscow.
Video

Video Alibaba Shares Soar in First Day of Trading

China's biggest online retailer hit the market Friday -- with its share price soaring on the New York Stock Exchange. The shares were priced at $68, but trading stalled at the opening, as sellers held onto their shares, waiting for buyers to bid up the price. More on the world's biggest initial public offering from VOA’s Bernard Shusman in New York.
Video

Video Scotland Votes ‘No’ to Independence

Scotland has voted against breaking away from the United Kingdom and becoming independent. The result in Thursday's referendum is being welcomed by other governments around the world battling secessionist movements. But in London, it heralds a complex road ahead as other regions of Britain demand greater autonomy. Henry Ridgwell reports from London for VOA.
Video

Video US Attempts Crackdown on Trafficking Along Southern Border

Nogales, Arizona, is notoriously known as a 'tunnel city,' utilized by drug traffickers to smuggle narcotics into the United States. The U.S. Border patrol and local authorities have responded with new technologies and a heavier presence in the area to help uncover and destroy the tunnels before they are completed. VOA's Ramon Taylor has more from Tucson.

World Currencies

EUR
USD
0.7866
JPY
USD
109.25
GBP
USD
0.6139
CAD
USD
1.1120
INR
USD
61.428

Rates may not be current.