Young Chinese are ‘retiring’ in the countryside as China’s unemployment woes grate

Young Chinese are ‘retiring’ in the countryside as China’s unemployment woes grate

A girl hugging a young cattle at a breeding farm in Chongqing, China. Vcg | Visual China Group | Getty Images Fed up with China’s employment situation, young people on the mainland are retreating to the countryside. China’s Gen Z and millennials are increasingly documenting their rural day-to-day “retirement” lives on social media after declaring … Read more

France’s Barnier announces targeted tax hikes to plug budget deficit

France’s Barnier announces targeted tax hikes to plug budget deficit

Newly appointed France’s Prime Minister Michel Barnier arrives for the handover ceremony with outgoing Prime Minister Gabriel Attal at the Hotel Matignon in Paris, France, September 5, 2024.  Sarah Meyssonnier | Reuters Prime Minister Michel Barnier announced steep public spending cuts and targeted tax hikes for France’s biggest companies and wealthiest individuals on Tuesday, saying … Read more

Kenya’s deputy president in the eye of the storm

Kenya’s deputy president in the eye of the storm

EPA Kenya’s embattled Deputy President, Rigathi Gachagua, calls himself the “truthful man”, attributing his remarkable rise to the fact that he speaks truth to power. But as he faces impeachment proceedings, he says these troubles are also a result of his outspoken nature. Before he was elected MP in 2017, little was known about the … Read more

South Korea consumer inflation cools to 1.6% in September

South Korea consumer inflation cools to 1.6% in September

Pedestrians walk past food stalls and shops in the Myeongdong shopping district of Seoul on March 26, 2024. Anthony Wallace | AFP | Getty Images South Korea’s consumer inflation cooled more than forecast in September and below the central bank’s target for the first time since early 2021, amid growing expectations of an imminent policy easing. … Read more

Asia-Pacific stock markets update

Asia-Pacific stock markets update

A MLB store in the Myeongdong shopping district in Seoul, South Korea, on Saturday, March 9, 2024. Bloomberg | Bloomberg | Getty Images SINGAPORE — Asia-Pacific markets are set for a mixed open on Wednesday morning, following a poor start to the trading month on Wall Street that saw major indexes fall amid rising Middle … Read more