News Desk

American Workers Earn More, Spend More

Date: 29 March 2016

Personal incomes and spending are on the rise as higher oil prices boost costs and higher employment lifts wages. A new study by the Bureau of Economic Analysis showed that personal income rose $23.7 billion in total, or 0.2%, in the month of February. At the same time, personal consumption expenditures (PCE) rose 0.1%, or were up $11 billion.

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Yellow Fever Outbreak Worsens in Angola as Economy Stalls

Date: 28 March 2016

Medical professionals announced a worldwide vaccine shortage as 1,100 Angolans suffer from yellow fever, according to CNN. The disease has spread from Angola to neighboring countries, including China, and officials require all travelers to be vaccinated before entering the Southern African country.

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The Week in Review: Weak Housing, Manufacturing, Retail Data

Date: 25 March 2016

Several signs of weak demand in the American economy appeared this week, and the bad news was compounded by an increase in jobless claims. While Americans are buying less goods and services, especially less houses, Americans are also struggling to find and keep jobs. Initial jobless claims rose 6,000 to reach 265,000 this week, according to the Department of Labor, while continuing jobless claims fell slightly to 2.18 million.

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Belarus President Torn Between the EU and Russia

Date: 25 March 2016

President Alexander Lukashenko said this week that he does not wish to choose between Russia and the European Union, according to Reuters. Stronger EU ties would benefit the economy, but Belarusians rely on Russian business to sustain their economy. The EU issued sanctions on Belarus in 2010 in response to harsh crackdowns on political dissidents, but the sanctions were subsequently lifted in February 2016.

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Malawi: IMF Aid Resumes after Government Embezzlement Scandal

Date: 25 March 2016

The International Monetary Fund (IMF) has announced that it will resume a $150 million bailout (or “extended facility programme”) that was suspended last year following the revelation of an embezzlement scandal. The news was announced by Malawi’s Finance Minister on Thursday.

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