Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.
Category: Economic Conditions and Trends
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Gold Bars and Tokyo Apartments: How Money Is Flowing Out of China.
Chinese families are sending money overseas, a sign of worry about the country’s economic and political future. But a cheaper currency is also helping exports.
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Turkey Raises Interest Rates to 40 Percent to Tame Runaway Inflation
The country’s central bank increased rates by 5 percentage points in an attempt to deal with the soaring cost of household necessities and the devaluing of the lira.
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U.K. Cuts Workers’ Taxes as Sunak Faces Election and Stagnant Economy
Britain’s top financial official, Jeremy Hunt, outlined measures to spur business investment and push more people into work.
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China’s Xi Jinping Draws Elon Musk, Tim Cook and Other U.S. CEOs to Gala in San Francisco
Amid frosty U.S.-China relations, Xi Jinping emphasized friendship in an address to executives from Apple, Boeing, Nike and others.
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German Court Says Government Cannot Shift Covid Funds to Climate Projects
The decision could rip a hole in Berlin’s budget and complicate the transition to a greener economy.
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U.K. Inflation Slows to 4.6 Percent, Lowest in Two Years
Inflation is expected to continue to slow, but central bank officials have said they will keep interest rates high.
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The Rise and Fall of the U.S.-China Economic Partnership
China and the U.S. both gained from their economic integration. As they pull apart, each is finding it will be hard to fully replace the other.
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U.K. Economy Stagnates as High Interest Rates Take Toll
The British economy flatlined in the third quarter, entering what is expected to be a protracted period of stagnation.
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Las Vegas Unions and MGM Resorts Reach Tentative Labor Agreement
The deal, the second in two days with a major resort operator, was announced on the day before a strike deadline set by two major unions.
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China Finance and Real Estate Sectors Threaten Economy, I.M.F. Says
The International Monetary Fund warned of risks from overstretched lenders and developers even as it raised economic growth forecasts for this year and next.