Beijing considers $1.4 trillion borrowing increase to support economy: Reuters

Fresh stimulus would help local authorities resolve off balance-sheet debt

Business - MarketWatch - October 29

China Reveals $1.4 Trillion Plan to Bail Out Local Governments

The support package came after smaller measures were announced to jump-start growth. Economists said it was not big enough to address China’s sluggish economy.

Business - The New York Times - November 8

China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt

Authorities in Beijing have ramped up stimulus announcements since late September in an effort to bolster its flagging economy.

Business - CNBC - November 8

Latino support for Trump increases from 2020

Vice President Kamala Harris is winning the Latino vote over former President Donald Trump nationwide. NBC News’ Hallie Jackson details why this matters and notes that support for Trump has grown ...

Britain's Labour Party Bets on Big Taxes, Borrowing to Boost Economy

The U.K.’s new government presented its plan to jolt the country out of years of moribund growth: more taxes and a bigger state.

World - The Wall Street Journal - October 30

Musk publicly supports Lutnick for treasury secretary as Trump considers pick

Musk’s comments on X in support of candidate comes amid anxiety over entrepreneur’s proximity to Trump. . Elon Musk has publicly weighed in on Donald Trump’s choice for US treasury secretary, one ...

World - The Guardian - 4 days ago

Meta AI to Use Reuters Content to Answer User Questions in Real Time

Meta AI didn’t share whether it would use Reuters content to train its large-language model.

Business - Inc. - October 27

How the US is bankrolling Beijing’s ambitions

The United States can no longer afford to prioritize short-term financial gain over national security.

Politics - The Hill - Yesterday

Swiss bank UBS smashes third-quarter expectations with $1.4 billion in profit

Swiss banking titan UBS on Wednesday posted a large profit beat, after completing its first wave of client migrations following its integration of collapsed domestic rival Credit Suisse.

Business - CNBC - October 30

Kroger to pay nearly $1.4 billion to settle opioid lawsuit claims

Supermarket chain Kroger has finalized a nearly $1.4 billion agreement to settle the majority of the claims made by states, counties and Native American tribes that accused the company of helping ...

Politics - The Hill - November 4

Regulators Probe 1.4 Million Hondas for Possible Engine Failures

The National Highway Traffic Safety Administration has concerns about several models from different years, including the Honda Pilot and Acura MDX, the Honda Odyssey and Acura TLX, and Honda ...

Business - Inc. - November 12

What are the cheapest borrowing options this November?

Trying to find the most affordable loans right now? These options come with some of the lowest rates available now.

Mr. Musk Goes to Washington — With a $2 Trillion Agenda

Donald Trump tapped the tech mogul to co-lead an effort to slash government spending, but questions abound over how such an initiative would actually work.

Business - The New York Times - November 13

Beijing prefers neither: China’s view of the US election

China’s approach could be summarized as calibrating its strategies to account for the leader in the Oval Office in the areas of economy, foreign policy and Taiwan.

Politics - The Hill - November 5

Trump's Win Signals More Confrontation With Beijing

The president-elect is set to deepen trade tensions with Washington’s top rival, while China could benefit from weaker U.S. alliances.

World - The Wall Street Journal - November 6

Beijing and Brussels tariff talks on electric vehicles continue

World - Yahoo News - November 8

As Beijing Threatens, Taiwan Looks Nervously at Trump

The president-elect pressed Taiwan during his campaign to spend significantly more to defend against the growing threat of attack by China. Some in Taiwan say it can’t afford to spend what Donald ...

World - The Wall Street Journal - 3 days ago

Treasury trims fourth-quarter borrowing estimate

The Treasury Department said Monday that it expects to borrow $546 billion in the fourth quarter, which is $19 billion lower than previously estimated.

Business - MarketWatch - October 28

Chris Mason: A change-making Budget and a moment of jeopardy

The government's fate will depend on whether it can make things better, says political editor Chris Mason.

UK Labour’s Budget borrows big, taxes more

Chancellor Rachel Reeves announced a £40bn tax increase and a sharp rise in borrowing

World - Financial Times - October 31

Investors' reaction to Budget 'very different' to Truss, says Reeves's deputy

Treasury secretary speaks out to reassure the markets after a rise in the cost of government borrowing.

UK government borrowing for October exceeds forecasts at £17.4bn

Data highlights challenges facing chancellor Rachel Reeves

World - Financial Times - 15 hours ago

The Quarter-Trillion-Dollar Rush to Get Money Out of China

Chinese residents, worried about growth, have been illicitly moving billions of dollars out of the country, using everything from crypto to fine art.

World - The Wall Street Journal - October 23

Global public debt will hit $100 trillion by year-end, says IMF

The IMF warned of the risks posed by unsustainable public debt levels.

Business - CNBC - October 23

Trump, Harris tax-break costs soar to more than $12 trillion

Vice President Kamala Harris and former President Donald Trump have been proposing a slew of new tax cuts and credits over the course of their campaigns, and are even adding to the list in the ...

Business - MarketWatch - October 29

Musk draws skepticism with call for $2 trillion in spending cuts

Tesla CEO Elon Musk’s call for “at least” $2 trillion in cuts to federal spending is drawing skepticism from experts as the billionaire tech magnate cements himself as one of former President ...

Politics - The Hill - November 3

Tesla surpasses $1 trillion in valuation in the wake of Trump's victory

Tesla returned to the $1 trillion club Friday, after its stock surged in the days following Donald Trump's presidential election victory.

Countries Weigh How to Raise Trillions for Climate Crisis at COP29

Low-income countries need at least $1 trillion a year to manage climate change. Donald Trump’s victory just made that more difficult, but options exist.

World - The New York Times - November 12

Will Elon Musk be able to cut $2 trillion from US government spending?

The Tesla CEO claimed he could slash US spending by eradicating “waste”.

How Musk’s Department of Government Efficiency May Try to Slash Federal Spending

President-elect Donald J. Trump has tasked Elon Musk and Vivek Ramaswamy with identifying ways to cut the budget. The hard part comes next.

Top stories - The New York Times - 5 days ago

Is China a 'Developing' Country? That's the Trillion-Dollar Question at U.N. Climate Talks

Officials from developed and developing countries agree that more than $1 trillion a year is needed to finance poorer nations’ response to climate change—but not on who should pay up.

World - The Wall Street Journal - 9 hours ago

Trump is considering Burgum for energy czar

President-elect Trump is looking toward North Dakota Gov. Doug Burgum (R) as a potential "energy czar," a source with knowledge of the matter confirmed to NewsNation on Friday. The source said the ...

Politics - The Hill - November 9

How Beijing Tamed a Lawless Industry and Gained Global Influence

State-controlled companies now run an industry once known for its acid pits, radioactive waste and smugglers.

Business - The New York Times - October 28

Elon Musk's influence over Trump is being closely watched by Beijing

Tech billionaire Elon Musk’s influence over former President Donald Trump could be good news for China, where he has extensive business interests.

Chinese exports soar as Beijing prepares for trade tensions with Trump

China could respond to aggressive new tariffs with bigger stimulus action or currency depreciation, say analysts

World - Financial Times - November 7

FirstFT: Trump’s first appointment

Also in today’s newsletter, Fed cuts rates and Citi revamps wealth banker pay

World - Financial Times - November 8

Hong Kong stocks fall as China’s stimulus package disappoints

Hang Seng index down 1.5% after Beijing unveils $1.4tn plan to restructure local government debt but no consumer support

Business - Financial Times - November 11

Latest in Beijing considers $1.4 trillion borrowing increase to support economy: Reuters