Latest in China’s central bank plans policy overhaul as pressure mounts on economy
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China’s central bank plans policy overhaul as pressure mounts on economy
People’s Bank of China will start to behave more like US Fed in using one main interest rate to steer demand for creditFinancial Times - 5d -
Why you should open a CD with an online bank this January
Most banks and credit unions offer CDs, but opening one with an online bank could make a lot of sense right now.CBS News - 5d -
Meta Appoints Joel Kaplan to Lead Global Policy, Replacing Nick Clegg
Joel Kaplan, a former senior adviser to George W. Bush, replaces Nick Clegg, a former deputy prime minister of Britain, as Meta’s head of policy.The New York Times - 5d -
Meta Taps Republican as New Head of Global Policy
Joel Kaplan is replacing former U.K. Deputy Prime Minister Nick Clegg as Silicon Valley prepares for the second Trump administration.The Wall Street Journal - 5d -
Palestinian Authority Bans Al Jazeera in West Bank
The ban comes as the PA battles militants from Hamas and its allies for control over parts of the West Bank, a fight that could shape the struggle for leadership of the Palestinian cause.The Wall Street Journal - 5d -
Joel Kaplan to replace Nick Clegg as Meta global policy leader
Meta will switch up its global policy team in the new year and has appointed former George W. Bush administration official Joel Kaplan to replace Nick Clegg as the company's chief global affairs ...The Hill - 5d -
China Hits Dozens of U.S. Companies With Trade Controls
The move was the latest escalation in the back and forth between Beijing and Washington over products considered vital to national security.The New York Times - 5d -
China’s Hack of U.S. Treasury Breached Sanctions Office
The cyberattack reported earlier this week reached into the Office of Foreign Assets Control and the Office of Financial Research, sections of the agency that oversee economic penalties against ...Inc. - 5d -
Carville on Harris loss: ‘It is and it always will be the economy, stupid’
Democratic strategist James Carville, who coined the phrase “It’s the economy, stupid,” admitted his predictions for the 2024 race were wrong and that Democrats lost because of the economy. ...The Hill - 5d -
Palestinian Authority suspends Al Jazeera TV channel in West Bank
The Foreign Press Association has said the move "raises serious questions about press freedom".BBC News - 5d -
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Jobless claims drop to 8-month low to end 2024. Low U.S. unemployment fuels economy.
The number of people who applied for unemployment benefits after Christmas fell to an eight-month low, capping off a year of remarkably low layoffs in a surprising resilient U.S. economy.MarketWatch - 5d -
FirstFT: Trump’s protectionist policies will hurt global growth, economists warn
Also in today’s newsletter, ‘terrorism’ in New Orleans and the business trends to watch in 2025Financial Times - 5d -
The Palestinian Authority Takes on Hamas Militants in West Bank Power Struggle
Weeks of deadly fighting have marked the most serious clashes between Palestinian factions in years.The Wall Street Journal - 5d -
Can Labour sell a softer prisons policy?
The sweeping, costly reforms needed to relieve overcrowded jails will test Labour’s resolve in persuading the publicFinancial Times - 5d -
Trump tariffs pose a greater threat to South Korea’s economy than domestic political chaos, BOK official suggests
The South Korean economy has to grapple with internal political turmoil and the threat of tariffs by U.S. President-elect Donald Trump in 2025.CNBC - 5d -
Gold set to rally further this year, say Wall Street banks
Yellow metal expected to continue to benefit from buying by global central banksFinancial Times - 6d -
Social pressure holds back sales of alcohol-free drinks, research finds
Other challenges include price and taste expectations, with Gen Zers most likely to succumbFinancial Times - 6d -
Problems with UK economy data could be widespread, warns lawmaker
Meg Hillier highlights damaging consequences of under-investment in key forecasting systemsFinancial Times - 6d -
German solar sector in distress as glut of panels heaps pressure on industry
Wave of bankruptcies hits key European market as double-digit growth rate slowsFinancial Times - 6d -
Industrial policy must be practical not performative
New structures and pronouncements mean little unless business takes them seriously — there is no appetite for talking shopsFinancial Times - 6d -
How to invest in a much-changed China
While Trump threatens punitive tariffs, investors need to understand how much the country has altered in recent yearsFinancial Times - 6d -
Drone footage shows collapsed Cheshire canal bank triggering flood
The aqueduct collapsed and flooded surrounding field after heavy rainfall.BBC News - 6d -
The Panama Canal Has a Big Problem, but It’s Not China or Trump
Climate change is causing drought conditions that are making the Panama Canal harder to operate and more expensive to pass through.The New York Times - 6d -
Republican-run states see opportunity to push extreme policies under Trump
Emboldened red states could advocate for rightwing reforms from steep tax cuts to slashes to education. Republican state lawmakers and conservative leaders around the United States see Donald ...The Guardian - 6d -
China is forcing out foreign car companies
This year has been troubling for almost all foreign carmakers in that country, which boasts the world’s largest car market.The Hill - 6d -
Fate of endangered monkey hinges on Brazilian city’s planning policy
Pied tamarin has narrow range and is found only around borders of Manaus in the Amazon rainforest. The fate of one of the world’s most threatened primates will be on the line in the coming months ...The Guardian - 6d -
Ambulance pressures remain as critical incident in Wales ends
Bosses urge people to be mindful of calling 999 unnecessarily amid "significant pressures".BBC News - 6d -
China Reckons With Years of Excess
Overindebtedness, overbuilding and overcapacity are causing problems at home and abroad.The Wall Street Journal - Jan. 1 -
Xi Jinping, China’s Leader, Nods to Economic Challenges
In a New Year’s address, Xi Jinping made a rare acknowledgment of the flagging economy while reiterating the government’s growth targets.The New York Times - Jan. 1 -
Hawaiian Electric Agrees to Sell Bank Unit After Wildfire Settlement
The deal could help the company as it resolves a nearly $2 billion settlement related to the Maui wildfires.The Wall Street Journal - Dec. 31
