Economy Industry News
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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…
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…
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%…
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…
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…
Everyday Economics: The economy is stuck - and so is the Fed
(The Center Square) – The economy is not falling apart. But important parts of it are barely moving. The major exception is investment. Business spending on equipment and intellectual property remains strong, with the AI buildout clearly…
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…
JD Vance's real game is to depreciate the whole concept of economic growth
He goes on to write, with the air of a man imparting an original insight, that looking after your children is more fulfilling than adding to GDP. Whom does he imagine disagrees? Economists, practitioners of what Vance, unconsciously quoting a…
Chinese Steel Production Tumbles as Economic Conditions Worsen
Chinese steel production tumbled last month, putting the industry on track for the lowest annual total this decade as mills adjust to much weaker demand. The steel market is contending with major structural headwinds. The government seems willing…
Japan's economy manages 1.1% growth rate despite headwinds
Japan's economy grew an annual rate of 1.1% in the April-June quarter even as private consumption stayed flat and the growth of exports declined, according to government data released Monday. Japan 's real GDP, or gross domestic product, the sum…
China's Economy Extends Slowdown by Weakening Across the Board
China's economy got off to a sluggish start in the second half, reviving pressure on policymakers to act in support of growth as industrial output, consumption and investment all fared worse than forecast. Industrial production expanded at a slower…
Bruce Rockowitz on Why AI Is Reshaping Hong Kong's Food Economy
[The content of this article has been produced by our advertising partner.] Artificial intelligence is moving quickly from experiment to operating tool, and Bruce Rockowitz believes it is becoming an important competitive advantage for Hong Kong's…
Japan's economy slows, missing growth forecasts
Japan's economy has slowed in the second quarter of the year amid moribund consumption and capital spending, according to official figures. Gross domestic product (GDP) grew 0.3 percent in the April-June period from the first quarter, data released…
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