2020-07-03 US, Japan, France Urge Companies to Depend Less on China
The United States, Japan and France are urging their businesses to depend less on China to make smartphones, drugs and many other products. But few companies appear to want to…
2020-06-22 Coronavirus Turned Southeast Asia into China’s Top Trading Partner
Southeast Asian countries have become China’s biggest trading partner this year. At the same time, economic activity in wealthier nations has slowed because of the spread of the COVID-19 disease.…
2020-06-16 US Still Struggles with Its History of Racial Economic Problems
The death of George Floyd as he was put under arrest by four police officers in Minneapolis, Minnesota has fueled anger over race issues in the United States. Reactions like…
2020-06-05 Vietnam Post-Virus Recovery: Economy Soars
Vietnamese Prime Minister Nguyen Xuan Phuc looked very happy during a visit to an industrial park last weekend. He talked to workers about their health and examined the speakers being…
2020-05-31 Many Economists Expect Slow Recovery from COVID-19
Very few economists expect a strong economic recovery worldwide after the coronavirus health crisis ends, a new study found. The Reuters news agency says it spoke with more than 250…
2020-05-25 Will People Stop Using Cash?
For centuries, people have kept large amounts of cash at home during difficult times. But in the coronavirus crisis, things are different. These metal coins and paper bills can be…
2020-05-23 Company J&J to Stop Selling Talcum Powder in US, Canada
American company Johnson & Johnson is ending sales of its popular talcum powder in the U.S. and Canada. The product is called Johnson’s Baby Powder. Its demand has decreased in…
2020-04-24 Millions Unemployed as Coronavirus Pulls US Economy Down
Editor’s Note: Late Thursday, the U.S. House of Representatives passed an additional $484-billion aid bill already approved by the Senate. The legislation now goes to the president to be signed…
2020-04-21 Poorer Nations Face Bigger Risk in Easing Coronavirus Restrictions
Some wealthier Western nations have begun easing restrictions to guard against the new coronavirus. Many developing countries want to ease their coronavirus restrictions, but they cannot afford to make a…
2020-04-14 Countries Struggle to Decide When to Return to Work
Governments around the world are struggling to decide when people can return to work. The coronavirus pandemic has closed businesses and factories and damaged economies. Workers in some nonessential businesses…
2020-04-12 Oxfam: Coronavirus Crisis Could Push Half a Billion People into Poverty
The economic effects of the coronavirus could push around half a billion people into poverty, Oxfam said this week. The report was released by the Nairobi-based charity ahead of next…
2020-04-01 ‘Made in Vietnam’ Goods Reach Record Popularity in US Market
Products from Vietnam have become more popular in the United States than ever before. U.S. imports from the Southeast Asian nation increased 36 percent last year to $67 billion, the…
2020-03-27 Millions Unemployed as Central Bank Warns US in ‘Recession’
More than 3 million jobless Americans asked the United States government for financial assistance last week. That is a record number for one week, the U.S. Labor Department reported Thursday.…
2020-04-12 Oxfam: Coronavirus Crisis Could Push Half a Billion People into Poverty
The economic effects of the coronavirus could push around half a billion people into poverty, Oxfam said this week. The report was released by the Nairobi-based charity ahead of next…
2020-04-01 ‘Made in Vietnam’ Goods Reach Record Popularity in US Market
Products from Vietnam have become more popular in the United States than ever before. U.S. imports from the Southeast Asian nation increased 36 percent last year to $67 billion, the…