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
Amid Communist Pressure, EU Postpones Trade Plan With Taiwan
The European Union has decided to shelve a confidential trade plan that aims to increase trade relations...
Is China’s Coal Struggle Just a Means of Strengthening Government Control?
News analysis Since late August, 20 provinces in China have been experiencing power outages or rationing...
UBS Fund Managers Resign Amidst China’s Property Crisis
The ongoing property crisis in China is pushing many investors into losses. A US$3 billion fund at UBS...
Racing to Prevent Real Estate Collapse, 21 Chinese Cities Issue ‘Decline Limit Orders’
China's housing market has been under heavy downward pressure since the second half of this year. According...
Barclays CEO Sent 1,200 Emails to Epstein With Code Words Like “Snow White”
Jes Staley, the scandal-hit former chief executive of Barclays, reportedly exchanged 1,200 emails with...
Unemployment Risks Exposed as Lottery Sales in China Plunge Downwards
Since August, lottery sales in China have plummeted as the rate of unemployment increases. The downward...
China’s Factory and Consumer Inflation Spikes, Little Relief in Sight
China’s producer price index (PPI) rose by 13.5 percent in October year-on-year, which is a faster rate...
‘Whistleblower’ Frances Haugen Calls Facebook’s Transition to Meta a ‘Distraction’
Former Facebook employee Frances Haugen said Facebook’s recent renaming of its parent company to Meta...
NY Fed Survey Reveals Inflation Expectations at Record Levels, Living Expenses Shoot Up
In its latest monthly survey, the Federal Reserve Bank of New York revealed that the short-term inflation...