Passed in May, the Anti-Homosexuality Act is harming businesses that rely on foreign travelers and trade.
Category: Economic Conditions and Trends
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Chaebol Families Dominate South Korea’s Economy: What to Know
Conglomerates that sprawl across the society trace their roots to the nation’s rise into a world power and have been tightly controlled for generations.
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It Took 10 Years to Grow This Christmas Tree. The Price? $105
Amid wild cost fluctuations and extreme weather conditions, a small army of workers toiled for years at Wyckoff’s Christmas Tree Farm in Belvidere, N.J. The goal? Producing this year’s crop, including this seven-foot Norway Spruce, which is sold for $105.
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The Debt Problem Is Enormous, and the System for Fixing It Is Broken
Economists offer alternatives to financial safeguards created when the U.S. was the pre-eminent superpower and climate change wasn’t on the agenda.
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Russia’s Central Bank Raises Rates to 16 Percent
The bank warned that its tight monetary policy would continue “for a long period” as it attempts slow an economy in danger of overheating.
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New Mexico’s Spaceport America is an Economic Dream Deferred
Long a priority of local officials, the desert launchpad is sending tourists into space, but taxpayers and merchants are waiting for the payoff.
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Bank of England Keeps Interest Rates at 5.25%, a 15-Year High
The British economy has showed signs of slowing down, with inflation dropping below 5 percent in October, but the bank gave no sign of a rate cut anytime soon.
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Europe and Asia React to U.S. Push for Tech and Clean Energy
Other governments, particularly in Europe, are trying to counter the Biden administration’s industrial policies with their own incentives.
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The Clock is Ticking on Improving China-U.S. Relations, Experts Say
Participants in a task force at the DealBook Summit said President Xi seemed ready to expand economic relations. But for how long?
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Xi Jinping is Asserting Tighter Control of Finance in China
The Communist Party’s main theoretical journal has laid out a new ideological framework for the financial system that emphasizes the primacy of China’s top leader and Marxist principles.
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China Evergrande Soared on the Property Boom. Here’s Why It Crashed.
Blame for the property developer’s downfall has been placed on Chinese lending policies, but poor corporate oversight was hiding in plain sight.