China’s leaders vowed to kick-start spending by offering subsidies for households to buy cars and appliances. But many consumers aren’t biting.
Category: Economic Conditions and Trends
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Along the Hollywood Walk of Fame, a Struggle to Make a Living
Los Angeles lifted restrictions that had forced street vendors, mostly immigrants, on Hollywood Boulevard to dodge citations. Other challenges remain.
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Behind the Unrest in Kenya, a Staggering and Painful National Debt
Kenya, the fastest growing economy in Africa, is on the brink of a fiscal calamity. Across Africa, nations are spending more on interest than on health or education.
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For American Brands Worried About China, Is India the Future?
As multinational retailers diminish their dependence on Chinese factories, some are shifting production to India.
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Where Have All the Chinese I.P.O.s Gone?
Chinese companies’ stock market listings once flooded Wall Street. These days, China’s initial public offerings are in a drought.
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How Taylor Swift’s Eras Tour Might Affect Europe’s Economy
Economists are debating what effect the singer’s sweep through Europe will have this summer as swarms of fans increase demand for hotels and services.
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French Business Leaders See Threat to Economy From Macron’s Opponents
Executives challenged the anti-immigration policies of the far-right candidate Jordan Bardella and spending plans by a left-wing coalition at a packed gathering in Paris.
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Bank of England Holds Rates Steady, Despite Slower Inflation
Officials kept rates at their highest level since 2008 for a seventh consecutive meeting, even as inflation dipped to 2 percent in May.
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How Britain’s Economy Became So Stagnant
After more than a decade of deep budget cuts, slow growth and weak productivity, the country has struggled to overcome years of uncertainty and underinvestment.
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China’s Lust for Durian Is Creating Fortunes in Southeast Asia
Demand for the fruit, known for its rich taste and intense smell, has reshaped parts of Southeast Asia, where it has long been a staple.
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$29 Trillion: That’s How Much Debt Emerging Nations Are Facing
A decades-long crisis is getting worse, and now dozens of nations are spending more on interest payments than on health care or education.