Imf Raises Growth Forecasts As China Reopens and Gas Prices Fall
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Natural-Gas Prices are Perking Up
Natural-gas prices added to their recent rally following a government report that showed less fuel was injected into U.S. storage facilities last week than analysts expected.The Wall Street Journal - World -
The Rise and Fall of China’s Economic ‘Miracle’
China’s economy has reached a dead end. Getting out will mean more trade friction with the United States.The New York Times - Top stories - China -
U.K. exits brief recession with stronger-than-forecast 0.6% growth in first quarter
The U.K. saw its fastest growth since late 2021, with a 0.6% rise in the first quarter of 2024.MarketWatch - Business - United Kingdom -
China tech is seeking growth in the Middle East
Companies would face less political scrutiny in a region where ties are mainly centred around economic interestsFinancial Times - World - China -
China consumer prices rise at faster rate in April
Yahoo News - World - China -
Planet Fitness is raising prices even as it warns customers are growing cost-conscious
Starting this summer, classic card membership will be priced at $15 per month for new members, up from $10 per month.CNBC - Business -
European companies in China are under pressure from slower growth, overcapacity
European companies are finding it harder to make money in China as growth slows and overcapacity pressures increase, according to an annual business survey.CNBC - Business - China -
China Auto Sales Fell in April Amid EV Price War
China vehicle sales fell, as consumers held back from big-ticket purchases despite an intense electric-vehicle price war in the world’s largest auto market.The Wall Street Journal - World - China -
Oil prices post back-to-back gains, but lackluster gasoline demand raises concerns
Oil futures finished higher on Thursday, building on the gain seen in the previous session after U.S. data showed an unexpected drop in last week’s crude supplies — though weakness in domestic gasoline demand raised concerns over the outlook for ...MarketWatch - Business -
Biden administration plans to raise tariffs on electric vehicles from China
The tariff rate on Chinese EVs is set to jump from 25% to about 100%, sources said, adding that batteries and solar panels from China would also be affected.NBC News - Top stories - Joe Biden