by WorldTribune Staff, May 20, 2019 In 2018, China exported $539.5 billion worth of goods to the U.S., 4.5 times more than the U.S.’s $120.3 billion worth of shipments to China, leaving America with a $419.2 billion trade deficit with China. President Donald Trump has raised U.S. tariffs on $200 billion in Chinese exports to […]
by WorldTribune Staff, August 31, 2018 Egypt’s tourism revenues increased by 77 percent in the first half of 2018, a government official said. “Indicators suggest the sector will earn about $9 billion by the end of this year,” the official told Reuters, adding there were expectations of greater tourist traffic from western Europe, Italy, Germany […]
by WorldTribune Staff, August 23, 2018 Pakistani Prime Minister Imran Khan, just days after being sworn in, is looking to avert a financial crisis that could see the country turn over many of its strategic assets to China. Khan, a former cricket star, “must choose whether to dial back a Chinese-financed development program or increase […]
by WorldTribune Staff, August 1, 2018 During a speech in which the power went out while he was on live television, Venezuela’s socialist president admitted his economic model has “failed.” “The production models we’ve tried so far have failed and the responsibility is ours, mine and yours,” President Nicolas Maduro told his ruling PSUV party […]
by WorldTribune Staff, July 23, 2018 Inflation in Venezuela could top 1 million percent by the end of this year, according to the International Monetary Fund (IMF). Shortages in food, water, medicine and electricity, as well as high crime, plague millions of Venezuelans, said Alejandro Werner, head of the IMF’s Western Hemisphere department. Related: Oil […]
by WorldTribune Staff, October 28, 2016 Critics have greatly exaggerated the military’s role in Egypt’s economy, President Abdul Fatah Sisi said on Oct. 25, one day after Prime Minister Sherif Ismail said the military’s involvement in the economy would be reduced in the next two to three years. The military’s economic activities are equivalent to […]
Special to WorldTribune.com By Norman Bailey It has been said that history repeats itself, first as tragedy and then as farce. The interminable European economic/financial crisis neatly illustrates that saying. Mishandled from the beginning by a clueless set of politicians and bureaucrats, the most recent episode descends into a melancholy comedy of intentional and unintentional […]
