Economy

Economy

United States And China Sign 'Phase 1' Of Trade Deal

5:54pm January 15, 2020

by Scott Horsley

The U.S. and China signed an initial trade deal, defusing some economic tension. The agreement ups sales of American goods and services to China and pledges more intellectual property protections.

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How Iran's Economy Has Withstood Years Of U.S. Sanctions

5:31pm January 15, 2020

by Jackie Northam

The Trump administration has placed layers of tough sanctions on Iran for years, but it has yet to bring the economy to its knees. That's because Iran has a big economy that's used to hard times.

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President Trump and Vice Premier Liu He, China's top trade negotiator, sign a "Phase 1" trade agreement between the U.S. and China at the White House on Wednesday.

Trump Signs 'Phase 1' China Trade Deal, But Most Tariffs Remain In Place

2:07pm January 15, 2020

by Scott Horsley

President Trump signed a trade deal with China on Wednesday. The agreement relaxes some U.S. tariffs on Chinese imports. In exchange, China is expected to buy more from the U.S.

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News Brief: Trump Impeachment, Democratic Debate, China Trade Deal

5:03am January 15, 2020

The articles of impeachment against President Trump go to the Senate Wednesday. The latest Democratic debate was held in Iowa. And, the president is set to sign Phase 1 of the trade deal with China.

World's Largest Asset Manager BlackRock To Build Around Sustainability In Investments

5:05pm January 14, 2020

NPR's Ari Shapiro talks with Larry Fink — CEO of BlackRock, the world's largest asset manager — about his plan to put climate sustainability at the center of the company's investment strategy.

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The Nobel Prize-winning economist Angus Deaton was recently one of the speakers at a panel, "Beyond GDP."

Moving Beyond GDP

11:37am January 14, 2020

by Greg Rosalsky

After 75 years, the U.S. Bureau of Economic Analysis is developing alternative measures of economic well-being.

The Navajo Generating Station shut down in November 2019. The West's largest coal-fired power plant provided $12 million in yearly royalties to the Hopi Tribe.

Hopi Look To Tourism, Ranching For Income After Coal Power Plant Closure

10:18am January 14, 2020

by Laurel Morales

The coal power plant that provided about 80% of the Hopi Nation's budget closed last month. Tribal leaders are now trying to figure out how to replace the revenue, which was their economic lifeline.

Alipay and WeChat QR codes for online payment are displayed at a vegetable stall in Nantong in China's eastern Jiangsu province. Now China's central bank is preparing to test a digital currency.

Economy

China To Test Digital Currency. Could It End Up Challenging The Dollar Globally?

8:10pm January 13, 2020

by Scott Horsley

Bitcoin promises users anonymity, but transactions using China's digital currency would be tracked by its central bank. Experts say it could someday rival the dollar in international payments.

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Former Export-Import Bank Chairman On How 'Trade Is Not A Four-Letter Word'

4:22pm January 13, 2020

NPR's Ari Shapiro talks with Fred Hochberg, former chair of the Export-Import Bank, about his book Trade Is Not a Four-Letter Word: How Six Everyday Products Make the Case for Trade.

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Fires Threaten Australia's Economy

7:59am January 12, 2020

by Jim Zarroli

Australia's devastating wildfires are now threatening key parts of the country's economy, like farming and tourism.

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