Seoul — Women’s accessories sold by some of the world’s most popular online shopping firms contained toxic substances sometimes hundreds of times above acceptable levels, authorities in Seoul said Wednesday. Chinese…
more ...Myanmar fighting blocks key trade route with China, impacting economy
Bangkok — Ethnic and resistance forces in Myanmar have completely blocked a key trade route to China, halting cross-border commerce and further damaging Myanmar’s already struggling economy. The Mandalay-Lashio-Muse Road is…
more ...Powell may use Jackson Hole speech to hint at how fast and how far the Fed could cut rates
Washington — Federal Reserve officials have said they’re increasingly confident that they’ve nearly tamed inflation. Now, it’s the health of the job market that’s starting to draw their concern. With inflation…
more ...India port workers to go on strike to demand better wages, benefits
CHENNAI — A group of Indian port workers’ unions has called for a strike from Aug. 28 to demand immediate settlement of pay revisions and pension benefits, according to a note…
more ...Fed’s pandemic-era vow to prioritize employment may soon be tested
Washington — Four years after Federal Reserve Chair Jerome Powell made fighting unemployment a bigger priority during the COVID-19 pandemic, he faces a pivotal test of that commitment amid rising joblessness,…
more ...Wall Street week ahead — ‘Soft landing’ hopes are back to lift US stocks after recession scare
NEW YORK — Hopes for an economic soft landing are once again powering U.S. stocks higher, as encouraging data relieve recession worries following a brutal sell-off earlier this month. The S&P…
more ...Harris rolls out populist proposals in first economic speech
Raleigh, North Carolina — Kamala Harris unveiled plans for a federal ban on food and grocery “price gouging,” a tax credit that would provide $6,000 per child to families for the…
more ...Harris to roll out populist proposals in first economic speech
WASHINGTON — Kamala Harris is set to unveil plans for a federal ban on food and grocery “price gouging” and assistance of up to $25,000 in down payment support for first-time…
more ...Growing number of Chinese now call Japan home
Washington — Sun Lijun, a 42-year-old semiconductor engineer, says worries about the quality of air and living, childhood education and the overall economic trajectory in China are some of the reasons…
more ...International Youth Day puts South Asia’s skills gap in sharp focus
Washington — South Asia’s youth bulge is a ticking time bomb. A demographic dividend looms, but millions of young people lack the job skills to cash in, choking the region’s economic…
more ...Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike
Washington — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon…
more ...Global youth unemployment falls to 15-year low, but post-COVID recovery uneven
Geneva — Global youth unemployment rates fell to 13% in 2023, a 15-year low. But a new study by the International Labor Organization warns the post-COVID economic recovery is uneven, with…
more ...Wall St Week Ahead — Rollercoaster week in US stocks leaves investors braced for bumps ahead
New York — A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence…
more ...Chinese tax collectors descend on companies as budget crunches loom
BEIJING — Chinese authorities are chasing unpaid taxes from companies and individuals dating back decades, as the government moves to plug massive budget shortfalls and address a mounting debt crisis. More…
more ...US stock markets rally; S&P 500 sees best day since 2022
NEW YORK — U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about a slowing economy. The S&P 500 jumped 2.3% for…
more ...Wall Street rallies to bounce back from its worst day in nearly 2 years, as Japanese stocks soar
New York — U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst…
more ...Wall Street steadies after its worst day in nearly 2 years, and stocks are mixed
New York — Some calm is returning to Wall Street, and U.S. stocks are holding steadier after Japan’s market soared earlier Tuesday to bounce back from its worst loss since 1987.…
more ...Japan’s Nikkei 225 soars 10% and other world markets are mixed after the week’s rollercoaster start
Bangkok — Japan’s benchmark Nikkei 225 index soared more than 10% on Tuesday, rebounding after a rollercoaster start to the week that sent markets tumbling in Europe and on Wall Street.…
more ...Official: Iran smuggles ‘5 to 6 million liters’ of oil into Pakistan daily
Islamabad — Pakistan’s military revealed Monday that millions of liters of Iranian oil are being smuggled into the country each day, but rejected long-standing allegations that it is also playing a…
more ...World stocks plunge on fears of US economic slowdown
New York — Stock markets across the globe plunged Monday as investors sold stocks on worries that the U.S. economy, the world’s largest, might be slowing and possibly headed to a…
more ...Dow drops nearly 1,000, and Japanese stocks suffer worst crash since 1987 on US economy fears
New York — Nearly everything on Wall Street is tumbling Monday as fear about a slowing U.S. economy worsens and sets off another sell-off for financial markets around the world. The…
more ...EU should limit curbs on outbound investment, semiconductor group says
AMSTERDAM — Semiconductor industry group SEMI Europe called on the European Union on Monday to place as few restrictions as possible on outbound investment in foreign computer chip technology by companies…
more ...Wall Street week ahead – Flaring economic worries threaten US stocks rally
New York — Economic fears are roiling Wall Street, as worries grow that the Federal Reserve may have left interest rates elevated for too long, allowing them to hurt U.S. growth.…
more ...Weak US jobs data pummels stock markets as a global sell-off whips back to Wall Street
New York — U.S. stocks are tumbling Friday on worries about whether the U.S. economy can hold up amid the countdown for a cut to interest rates by the Federal Reserve,…
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