Category: News
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China’s EV sales surge in 2024; foreign automakers struggle in shifting market
Domestic sales of all types of electric vehicles rose by 40% in 2024; sales of gasoline powered cars tumbled, including foreign imports
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Ethiopia relaunches securities exchange to lure investors
The exchange returns after a 50-year absence
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Past US presidents had hard time downsizing government
President-elect Donald Trump wants to slash government spending. A proposed advisory commission called the Department of Government Efficiency will lead the effort. It’s not a new concept. American leaders have tried to reduce the role of government almost since the beginning.
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Trump energy plans complicated by tariffs, global competition
A different approach to energy is at the center of President-elect Donald Trump’s promise to bring down the cost of living for Americans. But as VOA’s Congressional Correspondent Katherine Gypson reports, Trump’s plans could be complicated by a complex global interdependence on oil and gas supplies.
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Internet is rife with fake reviews; will AI make it worse?
Fake reviews are found across a wide range of industries, from e-commerce, lodging and restaurants, to services such as home repairs, medical care and piano lessons
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No ‘Santa Claus rally’ for global stocks as equities slide
Wall Street’s three main indices slumped to end the day, adding to losses Friday
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Treasury secretary to Congress: US could hit debt limit in mid-January
Janet Yellen says her agency will need to employ accounting maneuvers intended to prevent nation from breaching debt ceiling as early as January 14
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Brazil views labor violations at BYD site as human ‘trafficking’
Rio de Janeiro, Brazil — Authorities in Brazil said Friday they are probing Chinese auto giant BYD and one of its contractors for suspected “trafficking” of Chinese workers building a factory in the South American country. Federal prosecutors in Brazil are weighing possible criminal action after labor inspectors found 163 Chinese workers “in slave-like conditions” at…
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World Bank raises China’s GDP forecast for 2024, 2025
World’s second-biggest economy has struggled this year
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China, Japan foreign ministers meet and agree on visit, security dialogue
The one-day visit is Takeshi Iwaya’s first to Chinese capital since becoming Japan’s foreign minister in October, to discuss thorny issues with his country’s largest trading partner