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ECONOMICS

China’s Youth Unemployment Crisis Spurs Rise of ‘Rotten-Tail Kids’

As China continues to grapple with a sputtering national economy, a new phenomenon has emerged within its workforce — "rotten-tail kids” — a term coined to describe young college graduates
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US Likely Added 818,000 Fewer Jobs Last Year Than Reported 

On Aug. 21, the U.S. Labor Department said that the number of jobs the American economy added in the year ending March 31 is likely 818,000 less than what was
Starbucks Struggles in China as Middle Class Spends Less
Scientists drew inspiration from coffee and gummy candy to develop a novel delivery mechanism for carbon monoxide in gut disease treatment.
Gold’s Run to Record High Could Slow Demand
US National Debt Surpasses $35 Trillion, Servicing it Now Second-largest Budget Item
Oil Drops to Two-Month Low as China Concerns Weigh In
US Transportation Department Opens Probe Into Delta Air Lines Following Widespread Flight Cancellations
Drug Giants Eye China for Deals Despite Growing Sino-US Tensions
Europe Needs Way to Price Critical Minerals Independently of China, European Group Says
Europe needs a system to set prices for critical minerals needed for the energy transition that is not...
Alibaba's-new-AI-must-follow-core-socialist-vlues-Getty-Images-1229430722
Sellers Left Struggling to Make Ends Meet in China’s E-Commerce Price War
Chinese e-commerce vendors are struggling to survive with slowing sales growth and rising price pressures...
Airbus Upgrades 20-year Demand Forecast as Market Outlook Evolves
Airbus on Monday, July 15 revised up its 20-year demand forecast for jetliners. Many airlines are modernizing...
Federal Reserve Somewhat Confident Inflation Is Returning to Normal Levels, Interest Rate Cut May Be
According to recent comments by Federal Reserve chair Jerome Powell, key U.S. inflation readings measured...
US Small Business Confidence Increased to Six-Month High in June
U.S. small-business confidence increased to a six-month high in June, but inflation worries remained...
US Job Market, Wage Growth Slows; Unemployment Rate Rises to 4.1 Percent
U.S. job growth slowed marginally in June, but a rise in the unemployment rate to more than 4.1 percent...
Focus of German Foreign Trade Shifting From China to US, Experts Suggest
Experts believe German foreign trade is shifting focus from China to the United States as economic and...
An airline stewardess heads towards a departure gate at Chek Lap Kok Airport March 7, 2003 in Hong Kong. According to the American Chamber of Commerce in Hong Kong, U.S. businesses are executing exit strategies amid fears of the installation of total communism in the once-democratic City.
Economic Woes Drive Chinese Investors to Foreign Markets Amid Mass Exodus
In recent months, a wave of Chinese investors seeking to acquire foreign assets has emerged. Driven by...
US Expands Sanctions on Chinese Firms Supplying Russia’s War Effort
The U.S. government announced new and vastly broadened sanctions against the Russian Federation on June...

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