Economic News
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Mozambique’s ex-finance minister gets another 2.5 years behind bars in ‘tuna bonds’ corruption case
A federal court in New York has sentenced Mozambique’s former finance minister to another two-and-a-half years behind bars for his role in the “tuna bond” corruption scandal that triggered a financial crisis in the African nation
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Starbucks plans corporate layoffs as part of turnaround
Starbucks said Friday it plans an unspecified number of layoffs as it restructures its corporate staff
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US lawsuit accuses PepsiCo of price discrimination that favored Walmart over smaller stores
A lawsuit filed by the Federal Trade Commission alleges that food and beverage maker PepsiCo engaged in illegal price discrimination by giving unfair price advantages to one big-box retailer
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IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year
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Labor Department puts spotlight on child labor in slaughterhouses with 3 settlements this week
The problem of kids working in dangerous slaughterhouses continues to be a concern as the Labor Department announced its third agreement this week with a company in the industry agreeing to pay a penalty and reform its practices to help ensure it won’t hire underage workers again
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IMF sees steady global growth, but warns that Trump tariff, tax and deportation plans cloud outlook
The International Monetary Fund expects the world economy to grow a little faster and inflation to keep falling this year
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US defense contractor to build 4,000-worker advanced manufacturing facility in central Ohio
U.S. defense contractor Anduril Industries is preparing to build a massive advanced manufacturing facility in central Ohio
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Treasury nominee calls for stronger Russia sanctions and Fed independence at confirmation panel
U.S. Treasury nominee Scott Bessent is facing sharp questions from both Democrats and Republicans on tax policy, tariffs, China, Russia sanctions and the future of an IRS tax filing system that Republicans have called to be cut
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World Bank says the global is economy is growing steadily, but not fast enough to help ease poverty
The world economy is growing steadily in the face of global conflict, protectionist trade policies and high interest rates
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From LA wildfires to hurricanes, immigrants help rebuild after disasters. Some may face deportation
After disasters like the wildfires in Los Angeles happen, much of the rebuilding work is done by Latino immigrant workers, many in the country illegally
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