Vision Times News
China’s Trade Falters as Demand Wanes at Home and Abroad
BEIJING — China's exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted output, reviving downside risks for the shaky...
Russia Will Respond to Oil Price Caps by Shipping More to Asia: Energy Minister
VLADIVOSTOK, Russia — Russia will respond to price caps on Russian oil by shipping more supply to Asia, its energy minister Nikolai Shulginov told reporters at the Eastern Economic Forum in Vladivostok on Tuesday. "Any...
Europe Heading for Recession as Cost of Living Crisis Deepens
The euro zone is almost certainly entering a recession, with surveys released on Monday, Sept. 5 showing a deepening cost of living crisis and a gloomy outlook that is keeping consumers wary of spending. While...
Germany Keeps Two Nuclear Reactors on Standby to Weather Gas Crisis
Germany plans to keep two of its three remaining nuclear power stations on standby, beyond a year-end deadline to ditch the fuel altogether, to ensure it has enough electricity through the winter as it faces...
Bed Bath & Beyond CFO’s Death Ruled a Suicide
The death of Bed Bath & Beyond Inc's chief financial officer, who fell from New York's Tribeca skyscraper known as the "Jenga" tower on Sept. 2, has been ruled a suicide, the New York City...
Japan Sees Spending Growth Despite Looming Inflation
Japan's household spending grew for a second straight month in July despite a resurgence in COVID-19 cases, but inflationary pressures from the yen's slump to a 24-year-low have cast doubt over a revival in consumption....
Curtains Drawing on Runaway Rise in Global Housing Prices: Poll
A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost of living, according to Reuters polls of housing analysts, who said prices needed to fall...
Typhoon Slams Into South Korea’s Busan, Flood Victims Brace for More Heavy Rain
Thousands of South Koreans were evacuated as Typhoon Hinnamnor hit southern parts of the country, authorities said on Sept. 6, with heavy rain and strong winds expected to continue throughout the day. In the port...
6.8 Magnitude Earthquake Strikes China’s Sichuan Province, Killing Over 60 People
A magnitude 6.8 earthquake struck China's Sichuan province on Monday, Sept. 5 — the strongest to hit the region since 2017, killing more than 60 people and shaking the provincial capital of Chengdu as well...
Canadian Flag Flies at Half Mast After Stabbing Spree, One Suspect Remains at Large
The Canadian flag flew at half mast at a police station in Melfort, Saskatchewan on Sept. 5, as residents reel from a stabbing spree that killed ten and injured another 18. Of the two suspects...
Russia Delays Reopening of Nord Stream in Blow to Gas-Starved Europe
Russia has scrapped a Sept. 3 deadline to resume gas flows via the Nord Stream 1 pipeline, one of the main supply routes to Europe, after saying it discovered a fault during maintenance, deepening Europe's...
German Economy Likely Already in a Recession, Will Last Three Quarters: Reuters Poll
The German economy is on track to contract for three consecutive quarters starting from this one, according to a Reuters poll of economists, following a dramatic spike in gas prices after Russia slashed deliveries to...