economic development

World may be headed for Great Stagnation

For all the chatter about a looming recession in the United States or Europe, it's important to remember: right now, forecasters don't expect the global economy to contract.  

Strong dollar hurting global economy

The world economy is slowing. In past recessions, fast-growing emerging markets have helped bail out the global economy. But there's one thing standing in the way of history repeating itself this time: the strong US dollar.

IMF sees weaker global economic recovery

Next year's recovery in the global economy will be slightly weaker than expected, and US growth will continue to slow, the International Monetary Fund said Tuesday.

How to find yield in a low-rate world

If you're starting to plan for retirement, odds are you've been told to reduce your exposure to risky stocks and add more safe haven bonds. That's typically what financial planners and investment strategists advise, because bonds provide steady income payments.

More than 100 people rescued in Bahamas

Amid rescues in devastated areas, officials in the Bahamas raised the death toll from Hurricane Dorian, brought in body bags and coolers and said hundreds of residents remain missing.

US and France reach compromise on digital tax

Officials from France and the United States have reached a compromise on a new French tax on services provided by large internet companies, potentially defusing the threat of a trade conflict between the two countries.

Foreign investment in America, a driver of jobs, declining

America is a money magnet. And one of the more powerful forces driving the US economy has long been investment in American businesses from other countries. But foreign direct investment in the United States has declined significantly over the past two years.

Trump administration freezes foreign aid funds pending review

The Trump administration has put a temporary hold on the majority of congressionally approved foreign aid funds, pending a review by the State Department and the US Agency for International Development. Critics say the move undercuts Congress and fear that it is another attempt by the administration to cancel aid programs that advocates see as vital to US interests.

Legacy of lunacy haunts Kenya's old railway

In 1903, British colonial administrator Sir Charles Norton Edgecumbe Eliot made a bold statement: "It is not uncommon for a country to create a railway, but it is uncommon for a railway to create a country."

Watchdog; Ivanka Trump violated conflict of interest law

A watchdog group is accusing the President's daughter, White House senior adviser Ivanka Trump, of violating the conflict of interest law by participating in the implementation of a program that gives tax breaks for investors in so-called "opportunity zones."