Paris summit aims to shake up the financial system. It will test leaders' resolve on climate
Heads of state, finance leaders and activists are converging in Paris to seek ways to overhaul the International Monetary Fund and World Bank and usher the global development banks into a post-pandemic world with a rapidly changing climate
2023-06-21 14:53
China Extends Tax Breaks for New Energy Vehicles Until 2027
China extended tax breaks for consumers buying clean cars through 2027, estimated to be worth 520 billion yuan
2023-06-21 13:55
European Firms Grow More Pessimistic on Doing Business in China
A record share of European companies say doing business in China is getting more difficult, with some already
2023-06-21 13:50
Wisconsin lawmakers poised to approve liquor law overhaul
Wisconsin lawmakers are poised to approve a massive overhaul of the laws governing the state’s multibillion-dollar liquor industry, changes that are supported by small craft brewers, like the makers of Spotted Cow beer, bar owners and alcohol distributors
2023-06-21 13:23
Powell to face Capitol Hill hearing at a time of rising uncertainty over Fed's interest-rate plans
Federal Reserve Chair Jerome Powell will begin two days of hearings before Congress on Wednesday that will likely focus on the question that consumed the central bank last week: How far and how fast will the Fed raise its key interest rate from here
2023-06-21 12:22
Yuan Drops to Key 7.2 Level on Slow Stimulus, PBOC’s Greenlight
China’s yuan weakened past the closely watched 7.2-per-dollar level as investor sentiment soured on a lack of aggressive
2023-06-21 10:58
Thai Coalition Says Nearing Senate Nod for Pita Premiership
A coalition of pro-democracy parties that swept Thailand’s general election last month said it is close to securing
2023-06-21 09:58
Foreign companies are shifting investment out of China as confidence wanes, business group says
A business group says foreign companies are shifting investment and their Asian headquarters out of China as confidence plunges following the expansion of an anti-spying law and other challenges
2023-06-21 09:46
Singapore ride-hailing firm Grab slashes 1,000 jobs in biggest layoff since pandemic
Singapore ride-hailing firm Grab Holdings said it is cutting over 1,000 jobs or 11% of its workforce to cut costs and keep the company competitive, in its biggest round of job cuts since the pandemic
2023-06-21 08:56
Build begins on Wyoming-to-California power line amid growing wind power concern
Wyoming and federal officials formally kicked off construction Tuesday of a massive transmission line project to export wind power from Wyoming to southern California
2023-06-21 08:30
Warren Buffett's firm raises stakes in Japanese trading houses as Nikkei hot streak continues
Billionaire Warren Buffett's company increased its investments in five major Japanese trading houses for the second time this year to give Berkshire Hathaway control of 8.5% of each of those conglomerates
2023-06-21 07:54
An Aggressive Supreme Court Reshapes the US as Its Standing Erodes
The Supreme Court, in the midst of a run of decisions that have stress-tested the core principles of
2023-06-21 07:27