Notwithstanding high inflation and household debt in some nations, the developing economies of East Asia and the Pacific will have faster growth in 2023 as a result of China’s openness and economic recovery, the World Bank predicted on Friday. In… Read More ›
Day: March 31, 2023
China’s Chances Of Economic Recovery Facing A Challenge Due To Slow Factory Activity
According to official statistics released on Friday, China’s manufacturing activity grew more slowly in March, raising concerns about the depth of a post-COVID factory recovery amid weaker global demand and a slump in the real estate market. After China’s zero-COVID… Read More ›
Being Unable To Secure Funding, Virgin Orbit Decides To Shut Down Operations And Terminate Almost All Employees
After failing to find a funding reprieve, Virgin Orbit will cease operations “for the foreseeable future,” CEO Dan Hart announced during an all-hands meeting on Thursday. Nearly all of the company’s employees will be let go. “Unfortunately, we’ve not been… Read More ›