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

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 economy

World - ABC News - November 8

Why China is betting on local governments to spur the economy

Fiscal package falls short of market hopes as Beijing braces for Trump tariffs

World - Financial Times - November 11

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 - November 8

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’ that will not bolster growth. China has announced 10tn yuan in debt support for local governments ...

World - The Guardian - November 8

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 debt

Business - MarketWatch - October 29

China's president will unveil a megaport in Peru, but locals say they're being left out

A remote fishing town on the edge of Peru’s coastal desert is the site for a $1.3 billion megaport majority-owned by the Chinese shipping giant Cosco

World - ABC News - November 14

Local government has become a chokehold for Chinese business

Beijing is promising change, but it comes at an unsettling price

World - Financial Times - October 28

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”.

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 - 2 hours ago

Commanders-Eagles: Barkley bails out sluggish Philly offense

It wasn't pretty, but Saquon Barkley, Jalen Hurts and the rest of the Eagles got a big NFC East win on Thursday night.

Sports - Yahoo Sports - 6 days ago

Hedge funds have already started bailing out of ‘Trump trades’

Hedge funds switched to become net sellers of financial and industrial stocks having previously piled into the two sectors in the immediate wake of the U.S. elections, new analysis by Morgan ...

Business - MarketWatch - Yesterday

Musk's plan to shrink the government

Welcome to The Hill's Technology newsletter {beacon} Technology Technology The Big Story Musk, Ramaswamy tee up mass layoffs, rule rollbacks under Trump Tech entrepreneurs Elon Musk and Vivek ...

Politics - The Hill - 17 hours ago

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

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

Milei plan to privatise Argentina river sparks fears among local communities

Communities on Paraná River fear privatisation of waterway operations will destroy way of life . River communities in Argentina fear that Javier Milei’s plans to privatise operations on a key ...

World - The Guardian - 23 hours ago

Musk’s ‘DOGE’ commission wants to cut trillions in government spending. Social Security and Medicare make prime targets.

Voters said they’ve had enough hardship. But Elon Musk says more is needed.

Business - MarketWatch - Yesterday

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

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

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.

Counting the cost of Spain's hellish floods, the government pledged $11B, local officials want $34B

World - Yahoo News - November 5

NSO – not government clients – operates its spyware, legal documents reveal

Details of emerge in sworn depositions by employees of Israeli company as part of lawsuit brought by WhatsApp . Legal documents released in ongoing US litigation between NSO Group and WhatsApp ...

World - The Guardian - 6 days ago

What Trump's Cabinet picks reveal about his governing priorities

With a little more than two months until Inauguration Day, President-elect Donald Trump is moving at a rapid pace naming who he wants in his administration, and many of the choices have ...

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.

Musk, Ramaswamy detail plans for "Department of Government Efficiency"

Elon Musk and Vivek Ramaswamy have published an op-ed in the Wall Street Journal detailing their plans for their "Department of Government Efficiency" and revealing some of the programs they might ...

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 - November 4

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 ally

World - ABC News - November 5

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 - November 7

Golden State Warriors reveal plans for 'Salute Captain Klay' night

The Warriors will honor Klay Thompson when he returns to San Francisco on Tuesday.

Sports - ESPN - November 9

Royal with a 'small r': Prince William reveals his plans to modernize the monarchy

The Prince of Wales has revealed he is taking a more modern approach to royal duties with “a smaller R in the royal,” marking a pivotal shift for the British monarchy.

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 losses

Business - Financial Times - October 31

Latest in China Reveals $1.4 Trillion Plan to Bail Out Local Governments