2019-08-17 Is the US Economy Nearing a Recession?
Financial markets are giving warning signs of a recession. At the same time, the world economy is weakening, and the trade war between the United States and China has intensified.…
2019-08-09 Japan Says Export Step Not Aimed at Hurting S. Korea
Japan said Thursday it has given an export permit for a shipment of materials headed for the South Korean semiconductor industry. The Japanese government hopes the approval will show that…
2019-08-08 South Korean President Calls for ‘Peace Economy’ with North Korea
Earlier this week, South Korea’s president described the country’s growing trade dispute with Japan as a warning to upgrade the country’s economy. He called for economic cooperation with North Korea,…
2019-08-03 Japan Raises Trade Tensions with South Korea in Dispute
Japan plans to remove South Korea from its list of top trading partners in a dispute that may be linked to historical tensions between the sides. The cabinet of Japanese…
2019-07-08 The Wealth Effect: Big Spending Draws Attention as Poor Struggle
Former Pink Floyd musician David Gilmour sold his guitar collection last month for $21.5 million at an auction to raise money for needy organizations. The collection included his well-known “Black…
2019-05-15 Is It Time for Vietnam’s Companies to Go Overseas?
The job of the U.S. ambassador in Hanoi is to represent American interests in Vietnam. Next month, the ambassador will try something new. He plans to take Vietnamese businesses to…
2018-12-23 Experts Worry About South Korea’s Economy
Economic experts are concerned about South Korea’s economy. The Hyundai Research Institute recently suggested in a report that the economy “reached its peak in May 2017.” The finding comes at…
2019-01-18 Vietnam Sees Trade Deals as Way to Build Economy
Vietnam is on a path this year to approve its biggest trade expansion since the country joined the World Trade Organization (WTO). The country’s National Assembly in Hanoi approved the…
2019-03-07 US, Britain Clash Over Farming Issues During Trade Talks
Britain and the United States have opened exploratory talks on a trade agreement. Such an agreement would take effect after Britain officially leaves the European Union. The withdrawal, known as…
2018-10-09 Half of Young Americans See Better Financial Future, Study Finds
About half of young people in the United States expect to be more financially successful than their parents, a new study finds. This may be a sign that the dream…
2018-09-30 More US Companies Warn Tariffs will Lead to Higher Prices
A growing number of major American companies are warning that President Donald Trump’s tariffs on U.S. imports are raising their costs and prices. Jim Hackett, head of Ford Motor Company,…
2018-10-22 Concerns about Debt Grow on China’s Belt and Road
Concerns about money owed to China for its Belt and Road Initiative are increasing in Asia, Africa and the Middle East. The initiative, a huge infrastructure project, is a Chinese…
2018-09-27 US Move to Raise Interest Rates Could Have a Big Effect
The United States central bank raised its main interest rate Wednesday for the third time this year. The rate increase could affect not only the U.S. economy, but economies around…
2018-09-06 US Trade Deficit Reaches Five Month High
The United States’ trade deficit with other countries rose to a five-month high in July. At the same time, the U.S. trade deficit with China hit a record high. Economists…
2018-08-30 US Trade Dispute Could Hurt China’s Competitiveness
Experts say China could face problems if the United States stops supplying some technologies needed for Chinese companies. Such a move could hurt the competitiveness of Chinese industries. Scott Kennedy…