Latest in China approves $840B plan to refinance local government debt, boost slowing economy
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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 - 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 tariffsWorld - Financial Times - November 11 -
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 -
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 -
Orbán turns to China to boost recession-hit economy
Hungary has captured more than a quarter of Chinese capital flowing into Europe since 2022World - Financial Times - 4 days 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 - November 8 -
Reeves plans to use £350bn council pension pot to boost UK economy
Chancellor to set out reform to fragmented local authority funds in Mansion House speechBusiness - Financial Times - November 8 -
Local government has become a chokehold for Chinese business
Beijing is promising change, but it comes at an unsettling priceWorld - Financial Times - October 28 -
Biden administration approves Nevada lithium mine, amid local pushback
Federal officials on Thursday granted final approval to a southwestern Nevada lithium mining project, which they say could supply enough of the resource to power nearly 370,000 electric vehicles ...Politics - The Hill - October 25 -
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China’s economy braces for Trump
Will Beijing’s latest plans to fix the country’s economy be enough to keep up with President Xi Jinping’s long-term plans for growth?World - Financial Times - Yesterday -
Government admits new oil field approved unlawfully
Climate campaigners are bringing a legal case they hope will halt drilling at two huge fossil fuel projects.Top stories - BBC News - November 13 -
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 -
How Slowing Down With People Boosts Team Morale and Performance
The long-term benefits far outweigh the initial time investment.Business - Inc. - October 27 -
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Budget boost to UK economy forecast to fade after two years
The government's official forecaster raises its prediction for UK growth in 2024 and 2025 but reduces it for later years.Top stories - BBC News - October 30 -
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UK approves 5 subsea cables to boost clean energy supply
Interconnectors will tackle intermittency and strengthen North Sea industry, says OfgemWorld - Financial Times - November 12 -
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 -
Arizona voters approve ballot measure giving state and local law enforcement greater authority in immigration matters
Arizona voters approved a ballot measure to give some law enforcement greater authority to enforce immigration-related laws typically left to the federal government.Politics - NBC News - November 6 -
Housing, Tariffs and Debt: Four Experts Debate How to Fix the American Economy
One set of writers on the left and another on the right lay out competing visions for what the next president should do.Top stories - The New York Times - October 23 -
German Government at Risk of Collapse After Rift on Economy
A breakup of the divided and unpopular coalition well before elections set for next September could leave the country directionless at a critical time for Europe.World - The New York Times - November 2 -
UK economy barely grows with Budget fears blamed
The chancellor says she is "not satisfied" by the latest growth figures, which were weaker than expected.Top stories - BBC News - 6 days ago -
UK regulator approves second Alzheimer's drug in months but government won't pay for it
Britain’s drug regulator approved the Alzheimer’s drug Kisunla on Wednesday, but the government won’t be paying for it after an independent watchdog agency said the treatment isn’t worth the cost ...Health - ABC News - October 23 -
UK regulator approves second Alzheimer's drug in months but government won't pay for it
Britain’s drug regulator approved the Alzheimer’s drug Kisunla on Wednesday, but the government won’t be paying for it after an independent watchdog agency said the treatment isn’t worth the cost ...World - ABC News - October 23 -
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 -
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 -
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Moody's downgrades Mexican government's outlook to 'negative' over weakening of judiciary and debt
Mexico's president has lashed out at Moody’s ratings service after it downgraded the Mexican government’s debt outlook to “negative.”World - ABC News - 5 days ago -
Porsche AG Sales Fall Amid Slow EV Market, China Woes
Porsche AG posted lower sales and operating profit as it faced challenges in China and a slower-than-expected shift to electric vehicles.Business - The Wall Street Journal - October 25 -
US approves lithium project in push to break China’s grip on EV minerals
Biden administration issues rare mine approval for Ioneer site in Nevada and extends tax breaks to companiesBusiness - Financial Times - October 24 -
China’s lawmakers gather to approve long-awaited fiscal stimulus
Local governments have been weighed down by trillions of dollars of debtWorld - Financial Times - November 4 -
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China loses third of its billionaires as economy falters
ByteDance chief Zhang Yiming leads country’s ‘rich list’ with $49bn fortuneWorld - Financial Times - October 29
