Tag: Economy

Venezuelan Non-Oil Exports Grow for 16th Consecutive Quarter
In Q1 2025, they rose by 87.7% compared to the same period last year. Over the past 16 quarters, Venezuela’s non-oil exports have continued to grow. In the first four months of 2025, they rose by 87.7% compared to the same period last year. RELATED: Venezuela and Russia Strengthen Strategic Partnership Across Multiple Sectors These […]
June 10, 2025

U.S. Companies Blame Mercurial Trade Policies for Blurring Future Business Outlook
For months, President Trump has been announcing one large tariff increase after another. The Wall Street Journal reported that U.S. businesses are warning that the constantly shifting trade policies of the U.S. government are interfering with their ability to plan for the future, leading to hiring and investment freezes. RELATED: Elon Musk demands Trump impeachment […]
June 9, 2025

China and CELAC: Deepening Strategic Cooperation for Mutual Development
The Fourth China-CELAC Ministerial Meeting has ushered in a new era of comprehensive cooperation between China and Latin American and Caribbean nations, establishing an ambitious framework for partnership across multiple strategic sectors. This enhanced collaboration, built on principles of mutual respect and shared development, represents a significant evolution in South-South cooperation and offers a model […]
May 29, 2025

U.S. Homebuilders Feel Tariffs Pain as Costs Keep Rising
Surge in tariffs is driving up the cost of building a new home in the U.S by nearly US$11,000, according to NAHB data. Just over a month after the U.S. administration imposed sweeping tariffs on its trading partners, David Truong, manager of the DuiDui Construction in Los Angeles, is already grappling with rising costs. RELATED: […]
May 15, 2025

Venezuela and Colombia Forge Stronger Economic Ties with Strategic Support from China and Russia
Venezuelan President Nicolás Maduro announces plans for enhanced bilateral economic integration with Colombia, backed by China and Russia, aiming to boost regional production, trade, and industrial development through joint investments and a Binational Economic Zone. Related: Venezuela Achieves a Moral Victory: Maikelys Espinoza, a Toddler Kidnapped by the U.S., Returns Home In a significant move […]
May 14, 2025

Burberry to Lay Off 1,700 Employees Due to the Global Luxury Slowdown
After a strong post-pandemic recovery, demand has eased amid economic uncertainty and inflation. On Wednesday, British luxury brand Burberry warned it could cut up to 1,700 positions worldwide over the next two years, after reporting a 75 million British pounds (US$99.7 million) annual loss for the year ended March 29. RELATED: The U.S. and China […]
May 14, 2025

U.S. Federal Reserve Holds Rates Steady Amid Economic Uncertainty
Fed Chair Powell said current rates put officials in a position to take a ‘wait-and-see’ approach to assess the impacts of the tariffs. On Wednesday, The U.S. Federal Reserve said it will maintain the federal funds rate at 4.25 percent to 4.5 percent amid widespread concerns over sweeping tariffs on major U.S. trading partners. This […]
May 8, 2025

Trump’s Trade War Shrinks U.S. Economy by 0.3% in First Quarter
New tariff policies have increased uncertainty and dampened confidence. On Wednesday, the U.S. Bureau of Economic Analysis released a report showing that the U.S. gross domestic product (GDP) shrank at an annual rate of 0.3 percent in the first quarter of this year, amid new tariff policies that have increased uncertainty and dampened confidence. The […]
April 30, 2025

Trump Adminstration’s 1st 100 Days: Major Policy Shifts, Legal Battles and Controversies
Critics said some of Trump’s moves are too rapid and extreme, which could negatively impact the U.S. economy and society. The first 100 days of U.S. President Donald Trump’s second term have seen major shifts and hasty execution of polices, prompting numerous legal battles and controversies among the U.S. public. RELATED: Trump Claims Ukraine “Will […]
April 30, 2025

Easter Without Eggs: The Human Cost of Selective Inflation
With eggs 53% more expensive, vulnerable communities are reinventing Easter celebrations in the mids uncertainty from labor restrictions and rising costs. Related: U.S. Federal Reserve Cuts Interest Rates Despite Rising Inflation The price of eggs in the U.S. saw a 53% year-over-year increase in January 2025, reaching $4.95 per dozen, according to the Bureau of […]