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Tag: economic crisis

Casinos, sportsbooks, and other gambling venues took $5.31 billion out of the US economy in Q1 2022, the most on record.
Americans Lost More Money Gambling In Q1 2022 Than Ever Before
The U.S. gaming industry posted its most profitable Q1 in history this year, states an industry advocacy...
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Sri Lanka in Chaos, Protesters Burn Down the Homes of 38 Politicians, Troops Ordered to ‘Shoot on Sight
Rage has boiled over in Sri Lanka. Reports have surfaced that protesters have burned down the homes of...
The economic consequences of COVID pandemic spending and lockdowns are so severe that 1 in 3 retailers could not pay April rent, a survey found.
1 in 3 Retailers Couldn’t Make Rent in April: Study
More than a third (34 percent) of North American retailers could not make ends meet and pay their rent...
Russia Turns to Chinese Services as Mastercard, Visa, American Express Cancel the Kremlin
While China’s banks and its homegrown payments system could offer Russia a much-needed respite from crippling...
A woman wears a protective mask as she walks past the People's Bank Of China (PBOC) on Financial Street, April 17, 2020 in Beijing, China. China's gross domestic product (GDP) stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, according to data from the National Bureau of Statistics (NBS).
4 Factors to Watch in China’s Latest Economic Stagnation
Given China’s tightened real estate market and the newest spread of COVID-19, quarterly data due to be...
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The Economic Scenario Beijing Fears Most Is Just Around the Corner
News analysis On Dec. 8 through Dec. 10, China held its annual Central Conference on the Economy in...
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Premier Li Keqiang Asks Officials to Avoid Communist-style ‘Bureaucratism’ as China’s Economic Crisis
News analysis At a recent meeting in Shanghai, China’s number two statesman provided provincial leaders...
Xi and Trump Negotiate 90-Day ‘Cease-fire’ in China-US Trade War
With the United States and China increasing tariffs on each others’ exports since the start of the trade...