Latest in China announces $1.4 trillion package over five years to tackle local governments' 'hidden' debt
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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 - 5 minutes ago -
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 - 3 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 - 2 hours ago -
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 -
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 - 1 hour ago -
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 -
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 - 45 minutes ago -
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 -
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 -
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 -
10-, 30-year U.S. government debt rallies for second day on lower oil and weak manufacturing reading
Long-term Treasury yields fell for a second day on Tuesday as traders reacted to a weaker-than-expected manufacturing reading from the New York Fed and new developments from the Middle East that ...Business - MarketWatch - October 15 -
Trump is the right president to finally tackle the national debt
Trump’s electoral victory will be much less meaningful if he leaves office in four years without addressing our debt and deficit problems.Politics - The Hill - Yesterday -
China unveils $1.4tn package to shore up economy
Beijing is bracing for increased trade tensions with US under Donald TrumpWorld - Financial Times - 3 hours ago -
China unveils $1.4tn package to shore up economy
Beijing braces for trade tensions with US under Trump but measures disappoint investorsBusiness - Financial Times - 8 minutes ago -
U.S. deficit tops $1.8 trillion in 2024 as interest on debt surpasses trillion-dollar mark
The shortfall was more than 8% from the previous year and the third highest on record, the Treasury Department said Friday.Business - CNBC - October 18 -
Protesters call on government to tackle water pollution
Protesters from across the UK marched through London to call on the government to tackle water pollution.Top stories - BBC News - 4 days ago -
Local government has become a chokehold for Chinese business
Beijing is promising change, but it comes at an unsettling priceWorld - Financial Times - October 28 -
UK counterterror police probe whether Russia planted parcel bomb
Package caught fire at a DHL depot in Birmingham in JulyBusiness - Financial Times - October 16 -
Biden announces $425 million security aid package for Ukraine
President Biden on Wednesday discussed U.S. support for Ukraine in its defense against Russian aggression during a call with Ukrainian President Volodymyr Zelensky and announced a new $425 million ...Politics - The Hill - October 16 -
Trump and Harris campaign donations: four key takeaways
Democratic candidate raises more than her Republican opponent in third quarterBusiness - Financial Times - October 16 -
Defence group RTX to pay $950mn to resolve US charges over Qatar bribes
Prosecutors said the company paid $30mn to a cousin of the Qatari Emir to facilitate weapons salesBusiness - Financial Times - October 16 -
UK graduates face tough jobs market as AI transforms recruitment
Fierce competition for roles has been sharpest in highly paid sectors such as IT and consultingBusiness - Financial Times - October 16 -
Hard-right Dutch government approves unprecedented package of measures to control migration
The hard-right Dutch government has announced tough measures aimed at reining in asylum requestsWorld - ABC News - October 25 -
China's exports grew 12.7% in October, fastest pace in more than 2 years
China has reported its exports rose 12.7% in October from a year earlier, the fastest monthly growth in more than two yearsWorld - ABC News - Yesterday -
Boeing’s bonds signal view that company has bought time with credit-raters to avoid slide to junk
Boeing Co., under pressure to boost liquidity, filed a $25 billion shelf registration Tuesday to offer equity or debt over the next three years and announced a new credit agreement with lenders.Business - MarketWatch - October 16 -
Rare dime hidden for decades sells for over $500,000
Three sisters from Ohio inherited the dime after the death of their brother, who had kept it in a bank vault for more than 40 years.Top stories - CBS News - October 28 -
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 -
Five economic areas the incoming US president needs to tackle
New administration must find a way to maintain growth while repositioning the economyWorld - Financial Times - 3 days ago -
Trump and Harris would add trillions to the national debt. Here’s why it could lead to higher costs for households.
The combined cost in new debt of former President Donald Trump’s and Vice President Kamala Harris’s tax and spending proposals would dwarf those put forward in previous election cycles, according ...Business - MarketWatch - October 18 -
Lower oil and natural gas prices, higher electricity demand expected over next five years: IEA
Natural gas and oil prices are likely to decline in the second half of the decade, but unexpectedly high worldwide demand for electricity will complicate efforts to reduce greenhouse gas emissions, ...Politics - The Hill - October 16 -
Stuart Hogg pleads guilty to domestic abuse of estranged wife over five years
Former Scotland rugby captain admitted to single charge Sentencing for abuse of Gillian Hogg set for 5 December The former Scotland rugby international Stuart Hogg has admitted abusing his ...World - The Guardian - 3 days 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 -
Chancellor to announce five new UK freeports in the Budget
Labour to expand tax-free import scheme in a bid to boost economic growth across the countryBusiness - Financial Times - October 25 -
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