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The United States is an economic powerhouse. As the largest economy in the world, the U.S. produced $20.5 trillion worth of goods and services — known as its Gross Domestic Product (GDP) — in 2018. That’s impressive when you consider that the total GDP for the entire world was about…

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The U.S. federal government posted a $234 billion budget deficit in February, according to data released Friday by the Treasury Department. Analysts polled by Reuters had expected a $227 billion deficit for the month. The Treasury said federal spending in February was $401 billion, up 8 percent from the same…

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Michael R. Wessel is a commissioner of the U.S.-China Economic and Security Review Commission, a U.S. government organization that investigates the national security implications of trade and economic relationship between the U.S. and China. He recently discussed with VOA his concerns about China’s race to 5G, the next generation of…

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Less than a week after a series of critical tweets from the president over an Ohio plant closure, General Motors is announcing plans to add 400 jobs and build a new electric vehicle at a factory north of Detroit. The company says it will spend $300 million at its plant…

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Національний банк України оприлюднив довідкове значення курсу гривні до долара США станом на 12:00. Регулятор відобразив тенденції міжбанківського ринку, зафіксувавши значення 26 гривень 98 копійок за долар. На міжбанку зміцнення гривні триває: опівдні торги відбуваються на рівні 26 гривень 91 – 94 копійки, повідомляє сайт «Мінфін». «Після масованого розігріву ринку…

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На українському міжбанківському валютному ринку відбувається стрімке посилення гривні. Станом на 11:00 торги відбуваються на рівні 26 гривень 97 копійок – 27 гривень 0 копійок за долар, повідомляє профільний сайт «Мінфін». Це на чверть гривні менше за офіційний курс, встановлений НБУ на 22 березня – 27 гривень 25 копійок. «Торги…

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The Democratic-led U.S. House of Representatives will vote in April on a bill to reinstate landmark net neutrality rules repealed by the Federal Communications Commission under President Donald Trump.  House Majority Leader Steny Hoyer of Maryland said in a letter to colleagues on Thursday, seen by Reuters, that lawmakers would vote on the “Save the Internet…

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Malaysian Prime Minister Mahathir Mohamad arrived Thursday in Pakistan on an official three-day visit, where his high-powered delegation is expected to finalize investment deals worth nearly $900 million, officials said.    The Malaysian leader will also be the chief guest at the Pakistan Day military parade Saturday, the Foreign Ministry announced.   …

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Facebook left millions of user passwords readable by its employees for years, the company said Thursday, an acknowledgement it offered after a security researcher posted about the issue online. By storing passwords in readable plain text, Facebook violated fundamental computer-security practices. Those call for organizations and websites to save passwords…

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У Англійському комерційному суді 15 березня пройшли слухання щодо примусового виконання рішення Стокгольмського арбітражу в транзитній справі між НАК «Нафтогаз України» та «Газпромом». «Лондонський суд постановив, що примусове виконання рішення Стокгольмського арбітражу може бути проведене після рішення Апеляційного суду округу Свеа, за умови виконання «Газпромом» певних дій. Зокрема, суд обтяжив…

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The number of Americans filing applications for unemployment benefits fell more than expected last week, pointing to still strong labor market conditions, though the pace of job growth has slowed after last year’s robust gains. Other data on Thursday showed a measure of factory activity in the mid-Atlantic region rebounding…

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На українському міжбанківському валютному ринку триває знецінення гривні, хоча його темпи уповільнилися порівняно з показниками, що фіксувалися наприкінці минулого та в перший день поточного тижнів. Національний банк України, відбиваючи події на міжбанку, станом на 12:00 21 березня встановив довідкове значення курсу на рівні 27 гривень 27 копійок за долар США,…

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China says a high-ranking U.S. delegation will travel to Beijing next week to resume negotiations aimed at resolving the ongoing trade war between the world’s two leading economies. Commerce Ministry spokesman Gao Feng announced Thursday that U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will visit the Chinese…

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The Federal Reserve left its key interest rate unchanged Wednesday and projected no rate hikes in 2019, dramatically underscoring its plan to be “patient” about any further increases. The Fed said it was keeping its benchmark rate — which can influence everything from mortgages to credit cards to home equity…

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U.S. tariffs on China are likely to remain in place for a while even if a trade deal is reached, President Donald Trump told reporters on Wednesday. “The deal is coming along nicely,” the president said about the ongoing trade talks with Beijing, noting U.S. Trade Representative Robert Lighthizer and…

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