China’s central bank supplied 14-day cash to its banking system for the first time in months on Monday and at a lower interest rate, signaling its intent to further ease monetary conditions. Jiang Qiming | China News Service | Getty Images China’s central bank supplied 14-day cash to its banking system for the first time in months on Monday … Read more
Westend61 | Westend61 | Getty Images Some young people are splashing out on luxuries like travel and designer clothes instead of saving, in a trend that’s being characterized as “doom spending” on social media. Doom spending is when a person mindlessly shops to self-soothe because they feel pessimistic about the economy and their future, according … Read more
Sri Lanka’s new president, Anura Kumara Dissanayake, has taken his oath of office, promising to “rewrite history” for a country that is recovering from its worst economic crisis. The left-leaning Dissanayake has cast himself as a disruptor of the political status quo, and analysts see his victory as a rejection of corruption and cronyism that … Read more
Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty Images BEIJING — More economists are calling for China to stimulate growth, including those based inside the country. China should issue at least … Read more
A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, data from the National Bureau of Statistics showed, amid an economic slowdown. The jobless rate for … Read more
An office worker studying electronic diagrams on a computer at control-panel maker in Japan. Bloomberg | Bloomberg | Getty Images Japan has ramped up its push for companies to adopt a four-day workweek, but those efforts face steep challenges in a country famous for its workaholic culture. The Japanese government recently initiated a “work style … Read more
Rightmove logo is seen displayed in this illustration taken April 10 2023. Reuters | Dado Ruvic Australian property listing firm REA Group has made a third pitch to buy British rival Rightmove with a new 6.1 billion pound ($8.12 billion) offer on Monday after its two previous offers were rejected. The latest offer consists of 341 pence in … Read more
Planned power cuts in Ecuador have begun a day early as severe drought disrupts its hydroelectric plants. The country is suffering its worst drought in 60 years, with no significant rainfall in more than two months. The government had already announced nightly blackouts across the country from Monday, but 12 provinces had their power cut … Read more
Ukrainian President Volodymyr Zelensky is set to present what he has called his “plan for victory” to President Joe Biden during a visit to the US this week. After meeting Biden, Zelensky said he intended to present it to Congress and the two candidates in the US election – Vice-President Kamala Harris and former president … Read more
Former President Donald Trump has said he does not expect to run for election again in 2028 if he is defeated in this November’s US presidential poll. Trump, 78, has been the Republican candidate for three national elections in a row and has reshaped the party greatly over the last eight years. In an interview … Read more