US Treasury Secretary Scott Bessent said Monday he was not concerned "at present" about American stores potentially running out of items due to Donald Trump's tariffs. Asked during an interview with Fox News if he was concerned about mounting worries of empty shelves due to the tariffs, Bessent replied: "Not at present."
China's leadership vowed Thursday to resolve "risks" plaguing the economy, state media said, but were yet to offer any concrete steps to pull the country out of its financial woes. With the country facing those headwinds, this week's meeting resolved to "strengthen guidance of public opinion and effectively prevent and resolve ideological risks", according to state media.
The discovery of huge deposits of natural resources including oil, gas and gold in the Ivory Coast is pushing the country’s economy in a new direction as it explores its underground potential. Three discoveries of oil deposits were made in September 2021, July 2022 and February this year, revealing huge reserves estimated at six billion barrels.
The Nigerian currency, the naira crashed near N1,600 in the official market on Wednesday, July 17, 2024, despite improvements in foreign exchange inflows.
Food stand owner Dem Mech wells up as he sits in the yard of the home he will lose if Cambodia proceeds with a massive new canal running from the Mekong river to the sea. The waterway will run 180 kilometres (110 miles) from the Mekong to the Gulf of Thailand, travelling part of the way along the Bassac river.
Asian markets sank with Wall Street on Thursday after a warning from the White House that it would target firms supplying China with key semiconductor technology, and Donald Trump's comments on crucial chip supplier Taiwan. Meanwhile, Trump's comments that Taiwan -- home of the key chip-maker TSMC and other major producers -- should pay the US for its defence caused some geopolitical unease.
Dust covers everything in Lim Tong Eng's yard, thrown up by excavators toiling next door to enlarge a channel that Cambodia's government hopes will soon be a major shipping canal. That is contested by some experts, who note the channel outside Eng's house links directly to the Mekong mainstream, and that Cambodian officials increasingly tout the canal's irrigation benefits.
More than 200 Disneyland Resort employees protested outside the world-famous California theme parks Wednesday, calling for better wages and denouncing alleged anti-union practices by the company ahead of a looming strike vote.
United Airlines reported higher quarterly profits Wednesday but announced it would trim US capacity later this year as the industry contends with a seat glut that has pressured fares. While airlines have described travel demand as still robust, carriers have pointed to an excess number of available seats that have pressured fares in the United States.
The largest stegosaurus skeleton ever found, nicknamed Apex, sold for a record breaking $44.6 million at auction in New York on Wednesday, Sotheby's said. The previous auction record of $31.8 million for a dinosaur skeleton was set in 2020 for a Tyrannosaurus Rex nicknamed "Stan."
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