China's economy is trying to boost consumer spending through trade-in discounts for appliances and cars, but some economists doubt its long-term effectiveness.
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Guangzhou's 'Shein Village' Employees Earn $1 Per Product for a 75-Hour Work Week
Shein workers face 75-hour weeks, earning as low as $1 per product, while dresses are sold for as little as $7.
Meta Turns Right-Wing By Ending Fact-Checks and DEI Initiatives to Woo Trump
Meta scraps DEI programs and US fact-checking to shift toward conservative priorities as Trump's second term approaches.
Turkish Businessman Faces $250K Fine and Jail Time for Illegally Donating to NY Mayor Eric Adams' Campaign
Brooklyn businessman Erden Arkan admitted to funding Eric Adams' 2021 mayoral campaign through illegal "straw donor" schemes, aiding a federal bribery case.
US Job Opportunities Remain Strong in Healthcare, Government, But Not in Retail or Tech
US job growth is expected to slow in December with 160,000 new jobs, only led by the healthcare and government sectors, while unemployment remains steady at 4.2%.
Latest News
Disney reports 157 million global monthly active users on its ad-supported streaming services, with ad revenue becoming a key driver for profitability across Disney+, Hulu, and ESPN+.
Global bond market pressures, including UK bonds and US inflation concerns, cause stock declines and weakened the pound as investors await the US payroll report.
UK music revenue surged to $2.9B (£2.4B) in 2024, marking a strong recovery driven by streaming and vinyl growth, but inflation-adjusted figures remain lower than 2001.
The US Justice Department is suing six major landlords for using algorithms and sharing data to keep rents high, worsening the housing crisis for renters.
A Chinese company in Liaoning forced employees to eat fire during a team-building event, leading to outrage, with one worker considering legal action for the unsafe practice.
The Biden administration has banned medical debt from credit reports, removing $49 billion in bills for 15 million Americans despite industry opposition.
Meta's new board appointments, including UFC's Dana White, signal efforts to rebuild ties with Trump and strengthen its presence in tech and politics ahead of the upcoming inaugural.
Starting this week, travelers from the US and over 35 nations must pay a $12.50 entry fee and apply for the UK's new Electronic Travel Authorization (ETA).
Oil prices remain high, supported by colder weather and geopolitical factors, with Brent at $76.73 and WTI at $74.19, as demand rises and sanctions tighten supply.
