Economy

Myanmar’s Garment Workers Are Caught Between COVID-19 and the Coup – The Diplomat

Advertisement The economic fallout of the COVID-19 pandemic and the 2021 coup in Myanmar has unraveled the promising gains the country achieved since its opening in 2011. The World Bank’s update from January projects 1 percent growth for Myanmar in 2022, noting that the country’s economy is 30 percent smaller than it would have been …

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Teens spend on Nike and Lululemon despite concerns about US economy

Athletic apparel sits on display inside a Lululemon Athletica store. Xaume Olleros | Bloomberg | Getty Images Teens are spending more and shifting their shopping habits, even as they worry about growing economic uncertainty, according to a new survey. Athletic apparel brands such as Lululemon and Nike that combine comfort and fashion are winning out …

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How companies like Amazon, Nike and FedEx avoid paying federal taxes

The current United States tax code allows some of the biggest company names in the country to not pay any federal corporate income tax. In fact, at least 55 of the largest corporations in America paid no federal income taxes on their 2020 profits, according to the Institute on Taxation and Economic Policy. The companies …

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