FINANCE
U.S. employment data has been weaker than expected, staying on course for the strongest weekly loss in three months, and oil prices stabilized Friday, May 3. Concerns about demand and high interest rates remain. At 1:15 p.m. GMT Brent futures for July were up 17 cents, or 0.2 percent, at
Asian Trade Bloc Looks to China as RCEP Aims to Invigorate a Struggling Regional Economy
Members of a China-centered Asian trade bloc hope the initiative will help stimulate local economies...
Beijing Orders Evergrande to Demolish 39 Buildings, Developer Remains in Trouble
Evergrande is one of the largest companies in the world drowning financially, amassing more than $300...
China’s Central Bank Launches Digital Currency App
In an ambitious push to expand its digital currency, China’s central bank has launched a trial version...
Consumer Spending Remains a Big Challenge For the Chinese Economy in 2022
In the past few months, sluggish consumer spending has negatively affected China’s economic growth. Some...
Shimao Group Adds to China’s Property Sector Crisis
In recent months, China’s real estate sector has been reeling under a debt crisis as developers struggle...
Xi’an Sets Up Makeshift Hospitals to Contain Outbreak; Residents Complain of Food Shortages Under Lockdown
The COVID-19 outbreak in Xi'an city has become increasingly severe. According to videos and photos posted...
IRS Income Reporting Requirement for Criminals Goes Viral
In recent days, several tweets have been made mocking the Internal Revenue Service’s (IRS) requirement...
7 Ways to Manage Your Personal Finances to Counter Inflation
Americans who are seeing their purchasing power erode at the fastest rates in decades are concerned over...
Fitch Forecasts Chinese Real Estate Crash
Communist China’s property market has been on a downward slide for the past few months, weighed down...