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Foreign Investors Slowly Turn their Backs on China
Nokia is shifting operations from China to Vietnam because sales of the Lumia smartphone have not increased domestically, forcing the company to slash 9,000 jobs. Analysts point to a...
Asian Development Bank Loans Vietnam $230M
The Vietnamese government and the ADB agreed to a $230M loan package to make the country more competitive worldwide. The loan means to boost economic development in such areas...
Budget Deficit Falls Further as Obamacare Culls Healthcare Costs
A new study by the CBO projects a smaller budget deficit thanks to lower spending on health insurance due to the Affordable Care Act, or Obamacare. The report saw...
Will Putting a Price on Carbon Save the Environment?
Millions of people around the globe have become increasingly concerned about environmental changes brought about by global warming. Ironically, the brutal winter of 2014-15 is an example of this...
Employers Add Jobs at Fastest Rate in 17 Years
American companies gain more confidence in the economy by adding in 295,000 jobs in February. This marks the continued addition of jobs added above the 200,000 mark for 12...
Turks Rush to U.S. Dollars as Lira Continues to Sink
Turkish authorities are pointing fingers at one another and scrambling to try to keep investors from rushing to the U.S. Dollar over the Turkish Lira. The Turkish Lira has...
U.S. Hourly Earnings Below 1.5% on Higher Labor Supply
American wages are rising at a sharply slower pace despite a rise in job gains, indicating deflationary pressures could force the Federal Reserve to delay an interest rate hike....
Economic Development, Waste Management, and the Pacific Garbage Patch
In recent years, as a greater focus has been placed on the environment, many have become aware of something called "The Great Pacific Garbage Patch." It is not really...
Lithuania Signs LNG Deal with U.S. Company
Lithuania has signed a non-binding agreement with Louisiana-based Delfin LNG for the supply of liquefied natural gas. The Baltic state hopes to break away from Russian imports. Lithuania has...
The Week in Review: Spending Falls, Mixed Employment Signals in U.S.
The average U.S. consumer is pulling back on spending as mixed signals warn of a volatile job market. One government report indicated that Americans are earning more than...


