Local governments, short on money after three years of “zero Covid” and faced with many more retirees, are raising costs and overhauling benefits.
Category: Economic Conditions and Trends
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China’s Cities Are Cutting Health Insurance, and People Are Angry
The New York Times – Business: -
Tech Leaders in Israel Wonder if It’s Time to Leave
The New York Times – Business:Ahead of a judicial overhaul that could transform the country and frighten away investors, the executives of Start-Up Nation are mulling an exodus.
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Turkey’s Reeling Economy Is an Added Challenge for Erdogan
The New York Times – Business:The earthquake’s staggering reconstruction bill will join other economic woes as the country’s autocratic leader faces re-election.
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European Natural Gas Price Falls to Lowest Level Since 2021
The New York Times – Business:Europe may have avoided the worst-case economic scenario envisioned after the invasion of Ukraine, thanks to a dramatic drop in energy prices.
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U.S. Could Default on Its Debt Between July and September, C.B.O. Says
The New York Times – Business:The nonpartisan budget office also said that if tax receipts fall short of projections, and Congress fails to act on the debt limit, the U.S. could run out of cash before July.
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U.K. Inflation Eases to 10.1 Percent, but Food Prices Push Higher
The New York Times – Business:January was the third month of declines in the inflation rate, but the double-digit increase shows Britain’s cost-of-living crisis persisting.
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Packed With Tourists, Japan Returns to Economic Growth
The New York Times – Business:The modest expansion in the fourth quarter of 2022 was driven by a recovery in private consumption, as well as spending by visitors.
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Why Adani’s $100 Billion Loss Hasn’t Tanked India’s Markets
The New York Times – Business:The steadfastness of India’s economy attests to the size and seeming strength of the country’s broader business landscape.
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U.S. Trade Deficit Surged in 2022
The New York Times – Business:The widening gap between what the United States imports and what it exports was driven by strong growth in foreign goods coming into the country.
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Flowers, Fresh Fish and Movies: China Is Spending Again, Cautiously
The New York Times – Business:The outlook for the world’s second largest economy is brighter as consumer spending picked up after “zero Covid” was lifted. But scars remain from the harsh pandemic restrictions.
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Bank of England Is Expected to Raise Rates Again
The New York Times – Business:A half-point rate increase, to 4 percent, the highest since 2008, is widely expected as the central bank continues its campaign to control inflation.
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Air Force Says Proposed Chinese-Owned Mill in North Dakota Is ‘Significant Threat’
The New York Times – Business:A proposal for a corn mill, which had been welcomed as an economic development success, reflects just how much things have changed with Chinese investment proposals in the U.S.