Economy Industry News
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Commentary: A bend but don't break economy
Everyone has a stake in keeping the unemployment rate low. A single percentage point increase in unemployment is tied to a jump in the poverty rate of about 0.4 to 0.7 percentage points. Higher rates of unemployment are likewise associated with an…
Emerging Asian Economies Pivot To Stablecoins
The Philippines has become one of the centers of stablecoin adoption in Southeast, which isn't surprising considering their previously open stance towards crypto. It is no surprise that the Asian financial hubs of Hong Kong and Singapore are…
Opinion | China's Politburo swaps emergency economic surgery for preventive care
The recently concluded Politburo meeting in Beijing marked a profound strategic recalibration of China's economic compass. Moving decisively past the crisis response narrative that defined 2024, Beijing has signalled an evolution towards equal…
China's Economy Is Deteriorating on Several Fronts
China's economic momentum slowed broadly in November, with a marked weakening in consumer spending, adding pressure on Beijing to stabilize household and business demand in the world's second-largest economy. China's retail-sales growth slowed to…
Kenya Is Betting Its Economy on Women Willing to Risk It All
Kenya is staking its economy on women like Purity Marangu, who left her family to work in Saudi Arabia. They work as housekeepers, normally a safe job. But many have been assaulted, starved and worse. Hundreds have been killed. Betty Awino said her…
How will China respond to latest West Africa coup as economic footprint expands?
Just days after Chinese ambassador Yang Renhuo met Guinea-Bissau's President Umaro Sissoco Embalo to donate airport security inspection equipment, the West African nation was hit by a military coup that ousted Embalo. The November 26 coup marked…
Stock futures are little changed as big week of economic data kicks off: Live updates
Stock futures were little changed on Sunday night following a mixed week on Wall Street amid a big rotation out of tech and into parts of the market trading at lower valuations. Traders also braced for a slew of U.S. economic data reports ahead…
Billionaire Trump, 79, Admits Voters Aren't Buying Any More of His BS on the Economy
In a rare moment of candidness, the president has admitted the vast majority of Americans don't quite share his rosy view of the nation's economic prospects. “I've created the greatest economy in history,” Donald Trump claimed in an…
Responsible economic management will define MYEFO
Gift 5 articles to anyone you choose each month when you subscribe. Subscribe now Already a subscriber? On Wednesday, Finance Minister Katy Gallagher and I will hand down the first budget update of the Albanese Labor government's second term. It…
Fox News Host Unloads on Trump Over Economy in Blistering Takedown
Fox News host Jessica Tarlov didn't hold back when criticizing President Donald Trump's handling of the economy. In a post on X, she argued that Trump and his team are well aware that the economic picture is not improving for many Americans, and…
Editorial | Hong Kong has a role to play in building a strong, unified national market
A record foreign trade surplus of more than US$1 trillion for the first 11 months, while domestic demand remained relatively weak, set the scene for meetings about next year's economic development of the Politburo and the central economic work…
Donald Trump admits voters are struggling: 'Take a while' to see my economy
It is a dissonance that defines the modern political era: a President who sees a golden age, where his constituents see only empty wallets. In a rare and revealing moment of candour, the 79-year-old billionaire has finally acknowledged that the…
His students didn't know their economics teacher played QB at Texas
Tyrone Swoopes sits at the head of a Lindale High School classroom. The 6-foot-4 former Texas Longhorns quarterback wears a black Nike hoodie with a blue “Lindale” logo. A student knocks on the door to ask if he left his keys in the…
High-end car sales sink in China as its economy slows, taking toll on European automakers
HONG KONG — Chinese demand for foreign luxury cars is waning as customers opt for more affordable Chinese brand models, often sold at big discounts, catering to their taste for fancy electronics and comfort. That is bad news for European…
The 'going out' economy
BookMyShow's year-end wrap for 2025 shows that stepping out for entertainment has become routine. So, what do Indians step out most for? Cinema remained the country's most beloved shared ritual, but it was regional cinema that soared —…
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