Kenya is facing high unemployment rates. Recent college graduates face a difficult time in finding a job. Now, more and more Kenyan university graduates are planning to start pursuing agricultural business -- 'agribusiness'-- as way to have their own business and make money.
An American expert on China says the Chinese government is not influencing information about the country’s economic growth. He believes that the economy is changing quickly. And he says the ways of measuring new economic activity is unable to keep up with the changes.
China’s stock market has dropped by more than 40 percent since June. Signs of a slowing economy in China have had effects on other stock markets and raised questions of whether measure to increase growth are enough.
The Shanghai Composite dropped 8.5 percent, marking the sharpest fall China has seen since 2007. Stock markets in the U.S., Asia and Europe responded to China's drop Monday. Observers warn changes in global markets are likely to continue.
Developing countries in Asia are building businesses and homes, but not enough trains, roads, and bridges. Some new bank programs are beginning to loan money for the purpose of building the needed facilities.
Greece made a debt payment of $3.5 billion to the European Central Bank. Greek Prime Minister Alexis Tsipras resigned calling for new elections on Sept. 20th. And the International Monetary Fund decides to delay including China’s currency, the yuan, as a special reserve currency form.
Asia produces about 40 percent of global economic activity. Conservation group urges countries to work together to save endangered coral reefs, plants and animals in the area. But leaders say it will not be easy for businesses to put off short-term profits for long-term gains.
The social media company Facebook has opened its first African headquarters in Johannesburg, South Africa. Facebook representatives recently gathered in the city to celebrate the opening of the new office. They hope it will bring new users to the site and grow opportunities for users and businesses.
After a year of increases, stock prices in China had a correction, a sudden drop in price. The Chinese government has put in place a number of measures to support prices including lending money for stock purchases. But some question how much the stock market will affect the economy.
China’s Shanghai Composite index dropped 8.5 percent on Monday: the largest single-day drop in eight years. The price drop comes after weeks of efforts by the government to support prices. One expert says these efforts will not work as some investors reduce their investment borrowings.
The Jubilee Debt Campaign is warning of a “debt trap” for many developing nations. The group notes that net debt grew by 30 percent between 2011 and 2014. And it predicts debt levels will rise, putting many nations at risk. It calls for tighter controls of lending and cancelling some debts.
Business experts say large American companies will wait to see if Iran meets the terms of the new nuclear agreement. Iran has 80 million highly-educated consumers, and American businesses want to sell their goods and services in that market. But it may take a few years before they start to do so.
Now that the U.S. and Cuba have re-established relations, American farmers are exploring ways to sell crops there. Many farmers say it makes sense to sell crops in a market that is so close to the United States, but they face competition in from South American countries, Ukraine and even India.
The selling reportedly began early Monday at the Singapore Gold Exchange. Gold sales also quickly exploded on the Shanghai market in China. The price of gold is now down about six percent when compared to the price a year ago.
The US territory’s government, cities and publicly-owned companies owe $72 billion. The governor of Puerto Rico says it cannot pay the debt. Puerto Rico is the third-largest issuer of state and local debt in the United States; only California and New York have more debt. | Economics Report
Producers of oil and gas in the United States need silica sand to help them remove those resources from the ground, in a process called “fracking.” But some people who live and work near places where that kind of sand is mined are worried that their health and businesses could be harmed.
The Chinese government has tried a number of measures to help support stock prices, which have fallen sharply. Recently, the U.S. treasury secretary said it was important that China continue with economic reforms to strengthen its economy.
Eighty years after Prohibition, New York has eased its rules and even taken steps to support people who want to make whiskey. Some distillers have set up operations in New York City with tasting rooms to sell their products. And they are using crops from New York area farms.
Few legal immigrants have moved to the country’s third-largest city in the past ten years. A technology company says it is having difficulty recruiting skilled workers. Cold and windy Chicago isn’t growing as fast as other large American cities, in part because it is not as attractive to immigrants.
This week, China held a huge military parade to mark the anniversary of the end of World War II. More than 12,000 soldiers took part in the event. It included the first public showing of a new missile that reportedly has the ability to destroy an aircraft carrier. | In The News More
The United States and Cuba officially re-established diplomatic relations two months ago. The re-establishment of ties had led to better access of the Internet across the island nation. Until recently, it has been difficult for Cubans to connect online with the rest of the world. More
Russia, the United States and other countries are hurrying to control Earth’s northernmost territory: the Arctic. Environmentalists have denounced U.S. oil company projects in the Arctic. A former Shell Oil Company official says new kinds of energy can be developed without harming nature. More
As markets show weakness, U.S. and Japanese officials have called for talks on China’s economy at the G-20 meeting in Turkey. The U.S. government is urging China to be more open in discussing its policy plans. More
Turkey will hold its second parliamentary elections this year on November 1. Political observers believe that the pro-Kurdish party HDP could sway the elections. The party won enough votes in June elections to enter parliament for the first time. More
Nobody likes going to the dentist. This is especially true of children. But new technology may help teeth heal naturally without painful drilling and filling. This article is filled with words that you will need to know to talk about caring for your teeth and your next trip to the dentist. More
The world famous Boston Symphony Orchestra normally performs at Symphony Hall in Boston, Massachusetts. But its summer home is the Tanglewood Music Center in western Massachusetts. The Boston Symphony Orchestra also has a summer program at Tanglewood for young singers and musicians. More
If you think being smart is always a good thing, think again. Smart has many meanings. Read on to find out what they are and the surprising origin of the term Smart Aleck. More
English has several ways to talk about the future. It's one of the most flexible tenses in English. We visit some popular songs for examples of the future forms. Read and listen as the Everyday Grammar team shows you six ways to express an event in the future. You will not regret it! More
Carter Druse lived in Virginia, a southern state during the American Civil War. He had a tough decision to make - should he join the Confederate Army or the Union Army? Read this classic American Story to find out what decision he makes, and what it means to his father and fellow soldiers. More
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