On Monday, a further roadblock to troubled developer China Evergrande Group’s protracted debt restructuring plan revived concerns for China’s crisis-hit real estate market and caused a stock sell-off. Investor worries were heightened by developer China Oceanwide Holdings’ disclosure in an… Read More ›
According to analysts, discount e-commerce is expected to rule the world during the crucial forthcoming Christmas shopping season in the West and Singles’ Day in China. Platforms in China, the largest e-commerce market in the world, have recently spoken of… Read More ›
In order to reduce the impact of inflation on households, French President Emmanuel Macron announced on Sunday that the government would ask the petroleum business to sell at cost price and would provide 100 euros ($106.52) in aid to the… Read More ›
The government-owned British Business Bank (BBB) has swung to a pre-tax deficit of almost £147 million annually. The lender for economic development claims that broader economic issues caused a decline in the value of the companies it has invested in…. Read More ›
According to an adviser of the Chinese central bank, China has little room for more monetary policy easing and should focus on structural changes like supporting businesses rather than relying on macroeconomic measures to boost GDP. Beijing’s ability to ease… Read More ›
At the UN General Assembly this week, island nations facing the brunt of climate change’s effects challenged wealthy nations, claiming their survival was at peril because industrialised nations were not acting quickly enough. “There are many amongst us, the small… Read More ›
A study revealed that the euro zone economy is likely to fall this quarter and won’t soon resume growing as the dampening effect of central banks’ protracted campaign of interest rate increases becomes more apparent. S&P Global’s HCOB Flash Euro… Read More ›
About 300 employees of the U.S. Federal Reserve system will lose their jobs this year, a minor but unusual fall in the workforce for a company that has been gradually expanding since 2010 as its influence in the economy and… Read More ›
According to data from global trade intelligence company ImportGenius made available exclusively to Reuters, e-commerce behemoth Shein is sending more inexpensive clothing and household goods to U.S. warehouses from China to shorten shipping times for customers. Shein, famous for its… Read More ›
Government advisors in China are divided over the appropriate course of action due to the country’s economic slowdown, with supporters of structural reforms now coming out of the shadows to take on others who want to increase state spending to… Read More ›
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