Latest in China Reveals $1.4 Trillion Plan to Bail Out Local Governments
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China Reveals $1.4 Trillion Plan to Bail Out Local Governments
The massive support package came after a series of smaller measures in recent weeks were announced to jump-start growth in China’s sluggish economy.Business - The New York Times - 7 hours ago -
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.Top stories - The New York Times - 5 hours ago -
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 - 3 hours ago -
China approves $840B plan to refinance local government debt, boost slowing economy
China has announced a 6 trillion yuan ($839 billion) plan to help local governments refinance their mountains of debt in the latest push to rev up growth in the world's second largest economyWorld - ABC News - 4 hours ago -
China Moves to Ease Debt Concerns---but Again Holds Off on Stimulus Measures
Investors’ hopes for large-scale support for the economy were dashed after an anticipatory stock-market surge in recent weeks.World - The Wall Street Journal - 3 hours ago -
China unveils 10tn yuan support for debt-stricken local government
Cash stops short of hoped-for ‘bazooka option’ with critics calling it ‘an accounting exercise’ unable to boost growth. China has announced 10tn yuan in debt support for local governments and other ...World - The Guardian - 22 minutes 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 -
Beijing considers $1.4 trillion borrowing increase to support economy: Reuters
Fresh stimulus would help local authorities resolve off balance-sheet debtBusiness - MarketWatch - October 29 -
Local government has become a chokehold for Chinese business
Beijing is promising change, but it comes at an unsettling priceWorld - Financial Times - October 28 -
A crisis-era mortgage strategy is making a comeback — and this time it’s bailing out buyers
Home buyers are turning to interest-free second mortgages to fund their down payments.Business - MarketWatch - October 19 -
Americans trust local government over Congress, media: Gallup
Americans trust local government more in comparison to Congress and the media, according to a new poll. The Gallup survey, released Monday, shows 67 percent of respondents said they had a "great ...Politics - The Hill - October 15 -
Study finds local governments are less polarized despite national political divisions
Local governments are uniquely able to combat growing national polarization, according to a new study out Wednesday from the nonprofit research organization CivicPulse and Carnegie Corporation of ...Politics - NBC News - October 23 -
The Powerful Companies Driving Local Drugstores Out of Business
The biggest pharmacy benefit managers are profiting by systematically underpaying independent drugstores, creating “pharmacy deserts” across the country.Business - The New York Times - October 19 -
China's Massive Fishing Fleet Overwhelms Locals in 'David and Goliath' Battle
Off the Peruvian coast, one of the world’s richest fishing grounds is under pressure.World - The Wall Street Journal - October 26 -
Voters: Beware the government’s China problem at home and abroad
If the public turns a blind eye to the Chinese government’s actions within our borders and to the broader implications of foreign policy on domestic security, who will pay attention?Politics - The Hill - October 26 -
Jonquel Jones delivers WNBA Finals MVP performance to bail out Ice-cold Ionescu and Stewart
Sabrina Ionescu’s first shot hit the side of the backboardSports - ABC News - October 21 -
How Trump Superfan Elon Musk’s Plan to Cut $2 Trillion in Spending Could Mean Economic Chaos
The GOP candidate has spoken of making the billionaire CEO in charge of a ‘Department of Efficiency,’ but experts warn those dramatic reductions could mean instability and turmoil.Business - Inc. - October 30 -
Pub garden smoking ban dropped from government plans
The Health Secretary said he didn't want to cause further harm to the hospitality industry in England.Top stories - BBC News - 3 days ago -
Kashmir gets a largely powerless government 5 years after India stripped its special status
Leaders of Kashmir’s biggest political party have been sworn into office to run a largely powerless local government for the first time after India stripped the region of its special status five ...World - ABC News - October 16 -
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Kate Bush reveals plans to make new music
The singer shied away from the spotlight in recent years and has not released a new album since 2011.Top stories - BBC News - October 25 -
China's Ministry of Finance is taking aim at local debt problems before tackling broader economic challenges
In his opening remarks on Saturday, Minister of Finance Lan Fo'an laid out four measures, starting with increasing support for local governments in resolving debt risks.Business - CNBC - October 14 -
Head of Myanmar's military government visits close ally China for the first time since taking power
Myanmar's state media says the head of Myanmar’s military government embarked upon an official visit this week to China, the embattled Southeast Asian nation’s most important international allyWorld - ABC News - 3 days ago -
Italy opens procedure against China's Sinochem for possible breach of Pirelli governance
Italy has opened up an administrative procedure against China’s Sinochem, the largest shareholder in Italian tiremaker Pirelli, over possible violations of restrictions placed by Rome to protect ...World - ABC News - Yesterday -
China Isn't Planning a 'Bazooka' Stimulus---at Least Not This Year
Hopes that China is awaiting the results of the U.S. election to unveil a huge stimulus package are unikely to be fulfilled, though a smaller package is expected soon.World - The Wall Street Journal - 4 days ago -
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France's budget battle: Why the government's plan to plug the deficit is sparking an outcry
France’s new government has unveiled its 2025 belt-tightening budget bill, with plans for major tax hikes and spending cuts aimed at tackling the country’s giant deficitWorld - ABC News - October 15 -
Poland's president criticizes the planned suspension of the right to asylum as a 'fatal mistake'
Poland’s president has condemned the government’s contentious plan to suspend the right to asylum for irregular migrants, calling it a “fatal mistake.”World - ABC News - October 16 -
Manitoba government halts school building plan, says other methods will be found
WINNIPEG — After a lengthy review, Manitoba's NDP government has halted a plan hatched by the former Progressive Conservative government to build new schools in partnership with the private sector.Sports - Yahoo Sports - October 16 -
Barclays’ chief defends Reeves as business criticises Budget tax rises
Retail and hospitality bosses warn UK chancellor that national insurance changes will lead to job lossesBusiness - Financial Times - October 31 -
Germany's coalition collapses dramatically. Scholz plans to lead with a minority government
Germany’s leader is expected to lead the country with a minority government after the collapse of the coalitionWorld - ABC News - Yesterday -
Legendary buys out China's Wanda ownership stake
'Dune' production company Legendary Entertainment has bought out the stake previously owned by Chinese conglomerate Wanda Group.Entertainment - Los Angeles Times - October 14 -
Shake-out for US health insurers looms as government boom ends
Long term, the trends remain in insurers’ favour but there are volatile times aheadWorld - Financial Times - October 22 -
Oil prices lose 2% after China offers little detail on stimulus plans
Oil futures ended lower Monday to give back all of last week’s gains and then some, after a weekend announcement by Chinese authorities failed to provide details on a stimulus plan sufficient to ...Business - MarketWatch - October 14 -
$1bn US battery plant plan shows race to reduce reliance on China
A new technology eschews graphite, nickel, manganese and cobalt, of which Beijing controls most of the world’s supplyWorld - Financial Times - October 15 -
China’s largest coffee chain plans to take on Starbucks in US
Luckin Coffee’s expansion into rival’s home market comes five years after company was delisted from Nasdaq and finedBusiness - Financial Times - October 29
