Government
China Set to Introduce $283 Billion Stimulus This Weekend to Boost Consumer Spending and Provide Local Debt Relief
Investors are hopeful that China will announce a fiscal stimulus package of up to $283 billion to boost economic recovery and reduce reliance on debt-driven growth.
China Outlines Economic Actions With No New Stimulus Measures; Investors Disappointed
China aims to revive its economy despite missing new stimulus measures, disappointing investors.
China's Economic Outlook Is a 'Flashing Red' With Weak Recovery, Analysts Warn
China’s economic outlook is deteriorating, with lowered GDP growth expectations and housing, consumer spending, and industrial production issues.
US Plans to Shut Down Hong Kong Trade Offices, Prompting a Possible China Retaliation
A proposed U.S. bill, HKETO, could lead to the shutdown of Hong Kong's trade offices if they are deemed too influenced by China, drawing strong objections from Beijing.
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The crypto industry has spent nearly $120 million in the 2024 election cycle to influence US politics and push for favorable regulations.
The US and China have signed a new financial stability agreement to boost cooperation on key issues like capital markets and cross-border payments.
Foreign acquisitions of Chinese pharmaceutical companies have raised national security concerns, as industry experts worry about the potential impact on China's healthcare sector and access to essential medicines.
Montreal is set to become the first city in Canada to allow 24-hour drinking zones to reignite local tourism, but critics argue for lack of security and public transportation.
US job growth slowed unexpectedly in July, with only 114,000 jobs added, raising the unemployment rate to 4.3%, the highest since October 2021.
Senate Democrats are pushing for a vote on a $79 billion tax cut package, which includes an expanded child tax credit benefiting 16 million families, but face Republican resistance and procedural hurdles.
G20 finance ministers and central bankers are optimistic about a "soft landing" for the global economy but warn of geopolitical risks, avoiding specific mentions of Ukraine and Gaza in their discussions.
U.S. inflation in June ticked up slightly to 2.5% annually, while consumer spending cooled, prompting expectations that the Federal Reserve may cut interest rates in September.
Switzerland became one of the world’s first countries to mandate making its government website softwares to become open source with the implementation of the Federal Law on the Use of Electronic Measures for the Fulfillment of Government Tasks.
Donald Trump and the RNC gained a financial edge over Democrats by June, but a historic fundraising surge followed Biden's withdrawal and endorsement of Kamala Harris.