The onshore yuan has lost around 4.8% of its value since the start of the year, leading the People’s Bank of China to try to strengthen it.
Chinese citizens, including many of the wealthy, are increasingly eyeing the exits in a new era of slower growth, high youth unemployment and rising populism.
Institutions are closing unprofitable services and selling assets to avoid default on debts after a push to raise wages during the pandemic.
The right level for interest rates will eventually be much lower, according to financial markets and Federal Reserve policy makers, but that is no certain thing.
Regulatory action against the crypto exchange has spurred an exodus of traders.
Prices are still rising too fast for comfort in many major economies, and policymakers across the globe are trying to wrestle them under control.
Experiences like economic hardship or medical expenses can distort people’s feelings and behaviors around money, causing them to sabotage their financial futures.
Across Indonesia, new industrial plants are going up to process chunks of nickel ore for use in electric-car batteries. Five years ago, there were none.
Buying a pass on Frontier can work for ultra-flexible fliers willing to do the legwork to ensure a seat somewhere, anywhere.
Judge Orders Biden Officials to Limit Contact With Social-Media Companies
July 4, 2023 / no comments
The ruling says the Biden administration’s policing of social media likely violated the First Amendment.