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HK sports sector adds $46b to economy in 2024
The value added of Hong Kong's sports and related activities at basic prices stood at HK$46 billion in 2024, accounting for 1.5 percent of the city's total value added at basic prices, according to the Census and Statistics Department. SCROLL TO…
It's not the economy, stupid. Americans vote based on their personal economy
Every election season, politicians suddenly become economists. They start talking about GDP, inflation rates, job creation, trade deficits and economic growth. They point to charts showing why the economy is doing better or worse depending on which…
China's economy showing signs that slowdown may be extending
China's economy is showing signs of extending a slowdown with a slump in industrial output and retail sales in July, adding to pressure on Beijing to intervene with measures to support activity. After the world's second largest economy posted one…
Japan's economy loses some steam in the second quarter
Japan's economic growth in the April-June quarter fell short of analyst forecasts, with weak consumer spending and a drop in corporate investment dragging the number down. Government data on Monday showed that the country's real gross domestic…
Inside Cannabis's Event Economy: From Trade Floors to After-Parties
BURIRAM, THAILAND - JUNE 10: A man dressed in a marijuana suit stands with mature marijuana plants at a marijuana legalization expo on June 10, 2022 in Buriram, Thailand. Today the Thai government gave out 1,000 cannabis plants to people in…
Senior Russian banker fired after scathing speech on wartime economy
The chief economist at Russia's second-largest bank has been fired after a series of critical comments about the state of the economy, including warnings that Moscow would not win a prolonged economic war with Ukraine. Andrei Klepach, who had…
China's Economic Woes Mount With Disappointing Start to Half
(Bloomberg) -- China's economy got off to a sluggish start in the second half, reviving pressure on policymakers to support growth as industrial output, consumption and investment all fared worse than forecast. Industrial production expanded 4.5%…
Russian state economist fired after stark warning about Moscow's economic future
A prominent Russian state economist was fired after publicly warning that Moscow is losing an economic 'war of attrition' with the West and could eventually face a social crisis, as the European Union prepares a major expansion of sanctions…
The Economy Has Spoken: Stuff That's AI-Generated Has Almost Zero Value
Can't-miss innovations from the bleeding edge of science and tech Online marketplaces are being flooded with AI slop — but is anybody willing to actually pay for it? In the case of CGTrader, a long-established online marketplace for 3D…
China's Economic Activity Weakened in July
China's economic activity cooled in July after the economy posted its weakest quarterly growth in more than three years in the second quarter, as surging exports fueled by the artificial-intelligence boom failed to offset weakness in domestic…
Leading economies' borrowing costs hit highest since 2008 crisis
Government borrowing costs in several advanced economies hit their highest level since the 2008 financial crisis, or even earlier, on Monday as investors feared the Middle East crisis would keep inflation persistently high. Concerns over rising…
The manosphere isn't just an ideology-it's an economy
The manosphere has infiltrated every aspect of our society—social media and content creators, dating, politics, businesses. On that last point, my colleague Sasha Rogelberg has a new story in Fortune reminding us that surrounding the…
Japan Q2 economy growth slower than expected, weaker spending and investment drag
Japan's economy grew at a slower-than-expected pace in April-June, government data showed on Monday, as lacklustre household spending and business investment partly offset the impact of strong exports. SCROLL TO CONTINUE WITH CONTENT Gross domestic…
Ukraine takes aim at Russia's economy and morale by attacking online retailer Wildberries
The attacks began on a July weekend and have continued for a month, stretching from Moscow and St. Petersburg, to cities in the south, and eastward to the Ural Mountains. The targets weren't oil refineries, maritime hubs or arms plants hit by other…
New poll shows Trump losing ground with Republicans over economy
President Donald Trump 's net approval rating among Republicans has fallen by 8 percentage points over the past month, according to a new Financial Times/ Focaldata poll, adding to signs that some GOP voters are growing frustrated with the economy…
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