Chinese Economy Beats Growth Expectations
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Inflation Rises, but Key CPI Index Climbs Less Than Expected
The Consumer Price Index, which measures changes in the costs of household goods, rose 0.3 percent in April, a slight drop from the month before, potentially helping the case for the Fed to cut interest rates this year.Inc. - Business - Inflation -
Faisal Islam: Is the US economy doing too well?
The US economic boom has consequences for the global balance of power - and for the UK.BBC News - Top stories -
Japan's Economy Shrinks Again as Inflation Hits Consumers' Pocketbooks
The weakness of the yen currency drives up the prices of imported food and gasoline.The Wall Street Journal - World - Japan -
Japan’s economy contracts in first quarter as consumer spending lags
Weak yen puts pressure on household expenses and complicates central bank’s plan to raise interest ratesFinancial Times - Business - Japan -
Cisco reports better-than-expected results even as revenue suffers steepest drop in 15 years
Cisco reported a 13% drop in revenue for the fiscal third quarter, the steepest decline since 2009. But results still topped estimates.CNBC - Business -
Ty France homers, Bryan Woo picks up his first win and the Mariners beat the Royals 4-2
Ty France homered for the second time in three games, Bryan Woo allowed one run over 5 1/3 innings for his first win, and the Seattle Mariners beat the Kansas City Royals 4-2ABC News - Sports - MLB -
Erik ten Hag had a rare good day as Man United beat Newcastle. Does it really matter?
Good days have become rare for coach Erik ten Hag at Man United. He found another by beating Newcastle, but is it enough to save his job?ESPN - Sports -
Harper homers in return, Suárez improves to MLB-best 8-0 as streaking Phillies beat Mets 10-5
Bryce Harper homered, doubled and drove in three runs, Ranger Suárez became the first eight-game winner in the majors and the streaking Philadelphia Phillies defeated the New York Mets 10-5ABC News - Sports - MLB -
Makar scores 2 goals and Avalanche beat Stars 5-3 in Game 5 to stay alive in playoffs
Colorado defenseman Cale Makar scored two goals, the second after Casey Mittelstadt’s go-ahead tally in the third period and the Avalanche beat top-seeded Dallas 5-3 in Game 5ABC News - Sports - NHL -
Axing northern leg of HS2 will stunt UK growth, says official adviser
National Infrastructure Commission warns ‘window is closing’ for ministers to ensure alternative rail capacity is builtFinancial Times - Business - United Kingdom -
China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.CNBC - Business - China -
Labour and Tories to raise pressure on City watchdog over growth
Concerns have risen over Financial Conduct Authority’s ability to spur competitivenessFinancial Times - World -
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EU under pressure after US levies tariffs on Chinese goods
Brussels scrambles to avoid being dragged into trade war between Washington and BeijingFinancial Times - Business - European Union -
Concerns grow for Chinese citizen journalist after supposed jail release
Zhang Zhan, jailed for reporting on Covid in Wuhan, has made no contact with outside world. Concerns are growing about the wellbeing of one of China’s most prominent citizen journalists who has failed to make contact with the outside world after ...The Guardian - World -
Mystery in the Alps: A Chinese Family, a Swiss Inn and the World's Most Expensive Weapon
Switzerland agreed to buy F-35 jet fighters to park on a remote runway. Then the U.S. zeroed in on the Wangs, who owned the rustic hotel next door.The Wall Street Journal - World -
Biden's EV tariffs may not be enough to stave off the threat of Chinese vehicles in the U.S.
Automotive and trade experts say the increased tariffs are a near-term protectionism act that may delay but not stop Chinese EVs from coming to the U.S.CNBC - Business - Joe Biden -
Tesla's Chinese rival Nio launches a new brand and car that undercuts the Model Y by $4,000
Chinese electric car company Nio revealed Wednesday that the first car for its new, lower-priced brand, Onvo, will be about $4,000 cheaper than Tesla's Model Y.CNBC - Business -
Biden Warns Mexico Against Letting Chinese EV Makers Set Up Shop There
The administration's aggressive moves against cheap Chinese imports addresses a possible loophole that could be used to evade new high tariffs.Inc. - Business - Joe Biden -
Filipino activists decide not to sail closer to disputed shoal, avoiding clash with Chinese ships
More than 100 Filipino activists on wooden boats have decided not to sail closer to a fiercely disputed shoal in the South China Sea to avoid a confrontation with dozens of Chinese coast guard and suspected militia ships guarding the areaABC News - World -
Billionaire Frank McCourt said he is organizing a bid to acquire TikTok in the U.S., weeks after the passage of a law that could force the platform's Chinese owner to sell.
Billionaire Frank McCourt said he is organizing a bid to acquire TikTok in the U.S., weeks after the passage of a law that could force the platform’s Chinese owner to sell.The Wall Street Journal - World