China’s Stock Markets Rebound on Promises to Help Businesses

New York Times - Oct 14, 2024

Assurances from government officials on plans to strengthen the private sector offset a lack of specifics about economic stimulus.

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Spain’s state-owned shipbuilder Navantia is in exclusive talks to buy the Belfast-based shipyard.

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Cyber wars and global collaboration: Huawei executive on cybersecurity

"Cybersecurity is no longer a weapon of mass disruption but of mass destruction, because it can kill lives," said Aloysius Cheang, Huawei's president of Cybersecurity & Privacy Protection and chief security officer for the Middle East and Central Asia, stressing the increasingly dangerous nature of cyberattacks.

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China's economy has continued to improve and made steady progress in high-quality development, amidst a complex and ever-evolving international landscape.

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China's yuan-denominated loans rose by 16.02 trillion yuan (about $2.27 trillion) in the first three quarters of the year. The M2, a broad measure of money supply that covers cash in circulation and all deposits, climbed 6.8 percent year on year to 309.48 trillion yuan at the end of September.

China to enhance catalytic role of government investment

Oct 14, 2024

China to enhance catalytic role of government investment

On September 26, the Political Bureau of the Central Committee of the Communist Party of China convened a meeting to analyze the current economic situation and outline the next steps for economic work. This meeting not only signaled a shift in China's macroeconomic policy but also showed the country's confidence in achieving its annual economic and social development goals, rallying the entire society to drive sustained economic recovery and improvement.

Ensuring rule-based high-quality development of the private sector

Oct 14, 2024

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A draft law on China's private sector promotion was released to solicit public opinions last week, marking a significant milestone in the construction of a law-based business environment in China.

How Kamala Harris’s Economic Plan Has Been Shaped by Business Leaders

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The vice president has repeatedly incorporated suggestions from business executives into her economic agenda.

China reports 5.3% growth in foreign trade over first three quarters

Oct 14, 2024

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China's foreign trade surged robustly in the first three quarters of 2024, surpassing the 32 trillion yuan ($4.44 trillion) mark for the first time during this period.

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Revolut was named in more complaints about fraud last year than any of the UK’s biggest banks or e-money services.

TSMC 3rd-quarter profit to jump by 40% amid rising chip demand

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In Panna, families hunt for diamonds hoping to strike rich and escape the cycle of poverty.

Thousands of cars that crash in US are ending up in Russia

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The South Caucasus nation of Georgia has a huge used car market, with many vehicles finding their way over the border.

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The deli-meat company made its owners fabulously wealthy. But they have remained silent, even as the company faces the biggest scandal in its history.

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The BBC's Pallab Ghosh explores why this world first test is a big deal for space exploration.

Fisher-Price Recalls ‘Snuga Swings’ Linked to Five Infant Deaths

Oct 13, 2024

Fisher-Price Recalls ‘Snuga Swings’ Linked to Five Infant Deaths

The U.S. Consumer Product Safety Commission announced the recall, which one of its commissioners said was “doomed to fail.”

How Roger Goodell Made the NFL the World’s Wealthiest Sports League

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Under the expansionist leadership of its commissioner, the National Football League is growing richer and richer. So, too, is Mr. Goodell.

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Companies like Amazon have required a return to the office five days a week despite findings showing benefits to employers that allow some remote days.

Mortgage costs 'unlikely' to return to low levels

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The boss of the UK's biggest lender says mortgage costs are unlikely to fall to levels seen in the past decade.

Budget rule change could mean more money to build hospitals

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Here is how the chancellor could choose to tweak the government's borrowing rules to free up more cash.

Port plan to go ahead after row over minister's comments

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A £1bn investment will take place, despite a row with the owner of P&O Ferries, says the business secretary.

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Placing a high value on personal growth, millennials and Gen Z appear more likely than older generations to make hobbies and nonessential purchases a spending priority.

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When there are men in the room, a female colleague is made to feel invisible.

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When independent movies like “Rosemead” travel to a state for tax incentives, they save money but add creative challenges.

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China's consumer prices rose moderately in September. Experts say that market demand is set to rise following the introduction of powerful new policies aimed at stimulating the economy.

California Rejects Bid for More Frequent SpaceX Launches

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A commission denied a request to increase the number of rocket launches on the state’s central coast, citing environmental concerns.

Fitch Ratings Issues Warning About France’s Finances

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A rating agency’s warning about the country’s ballooning debt comes as the prime minister tries to push an austerity budget through a divided Parliament.

Led by Believers in the City’s Future, Detroit Is on the Rebound

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Once the largest city in the U.S. to declare bankruptcy, this Midwestern metropolis is now thriving. But some obstacles still remain.

China stimulus policy blueprint shows passion, patience & perseverance

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China's economic policy shift can be viewed through three keywords: passion, patience and perseverance.

P&O owner to attend summit despite row over minister's comments

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It had been feared they might pull out after Transport Secretary Louise Haigh criticised the ferry firm and urged consumers to boycott the company.

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