More than 120 business leaders, including Jamie Dimon of JPMorgan Chase, are urging President Biden and congressional leaders to provide aid to the city.
Category: Politics and Government
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U.K. Flights to Be Disrupted for Days After Air Traffic Control Glitch
The government ruled out a cyberattack as the cause of the technical problems, which forced airlines to cancel about 5 percent of the flights in and out of the country on Tuesday as they tried to catch up.
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Tech Chiefs to Gather in Washington Next Month on A.I. Regulations
The leaders of Google, OpenAI, Microsoft and others are meeting with lawmakers on Sept. 13 to kick off listening sessions that may shape A.I. rules in the United States.
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Raimondo Heads to China to Both Promote Trade, and Restrict It
The commerce secretary’s trip may be the clearest demonstration yet of the balancing act the Biden administration is trying to pull off in its relations with China.
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A Crisis of Confidence Is Gripping China’s Economy
China’s economy, which once seemed unstoppable, is plagued by a series of problems, and a growing lack of faith in the future is verging on despair.
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Turkey’s Central Bank Raises Rates to Near Two-Decade High
The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year.
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How China Made Its Housing Crisis Worse
Years of inattention to building an adequate safety net for seniors, the jobless and others in financial stress have left Chinese consumers afraid to spend.
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Can Shrinking Be Good for Japan? A Marxist Best Seller Makes the Case.
Kohei Saito says the country should seize this moment of demographic and economic challenge to reinvent itself through “degrowth communism.”
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China’s Property Crisis: Why It’s So Hard for Beijing to Fix
Beijing has often addressed economic troubles by boosting spending on infrastructure and real estate, but now heavy debt loads make that a hard playbook to follow.
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What to Know About China’s Real Estate Crisis
China’s economy was long dependent on a booming real estate sector, which has recently fallen on harder times.
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Could U.S. Toughness on Chinese Business Have Unintended Consequences?
Businesses fear that efforts to look tough on Beijing, which have the potential to be more expansive than moves by the federal government, could have unintended consequences.
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Iran Sentences Director Saeed Roustaee to 6 Months Over Film
The Islamic Revolutionary Court said the director of “Leila’s Brothers,” Saeed Roustaee, and the film’s other producer had been “participating in the opposition’s propaganda.”