Eurozone Economy Outpaced China
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FirstFT: Police storm Columbia University campus and remove pro-Palestinian protesters
Also in today’s newsletter, Fed decision day and Berkshire after BuffettFinancial Times - World -
China’s Politburo pledges more support for economy facing ‘many challenges’
Promise of measures to shore up growth comes as high-tech output drives expansion in factory activityFinancial Times - World - China -
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China's government over the prospects for the world's second-largest economy.
China signaled a new campaign to rekindle flagging growth, a fresh sign of rising angst at the top of China’s government over the prospects for the world’s second-largest economy.The Wall Street Journal - World - China -
How Technology Has Outpaced the Law
Abortions in the U.S. have risen slightly since Roe was struck down. One factor: pills ordered online.The New York Times - Top stories -
Germany propels eurozone growth to 0.3%
GDP expansion in largest economies comes as bloc’s headline inflation remains at 2.4% but core rate keeps fallingFinancial Times - Business -
Germany propels eurozone growth to 0.3%
GDP expansion in largest economies comes as bloc’s headline inflation remains at 2.4% but core rate keeps fallingFinancial Times - World -
Treasury Yields Decline Amid U.S. Jobs Resilience
Treasury yields fell as markets coalesced around the idea that the Fed might cut interest rates only once or twice this year, depending on the data.The Wall Street Journal - World -
India's economy: The good, bad and ugly in six charts
India has one of the world's fastest growing economies but the benefits are yet to fully reach the poorest.BBC News - Top stories - India -
Japan is haunted by a return to emerging-economy status
The battering sustained by the yen since January is causing alarm in some quartersFinancial Times - World - Japan -
North Carolina Triad Tries to Reinvent Its Economy
North Carolina’s Triad was built on tobacco, textiles and furniture. Now it’s trying to forge a new economy from more highly skilled manufacturing.The New York Times - Business -
Why Small-Business Owners Are Optimistic About 2024 Revenue--but Not the Economy
A new survey unpacks the reasons behind entrepreneurs' rosy outlook and reveals why they're less bullish on the economy overall.Inc. - Business -
Fed chair Jerome Powell: No sign of stagflation in U.S. economy
Federal Reserve Chair Jerome Powell said Wednesday there was no sign of stagflation in the economy, even as inflation remains stubbornly high and some signs of slowing growth have started to emerge.NBC News - Top stories - Federal Reserve -
Back on Campaign Trail for a Day, Trump Attacks Manhattan Trial and Biden Economy
The former president is using his brief spell out of the courtroom for rallies in Wisconsin and Michigan.The Wall Street Journal - World - Joe Biden -
Jay Powell’s dilemma: the US economy is too strong to cut rates
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November electionFinancial Times - Business -
Hong Kong's Economy Slowed in First Quarter, But Beat Expectations
Hong Kong’s economy lost steam at the start of the year, as consumer and government spending weakened, but export strength helped growth beat consensus views that had tipped a much sharper slowdown.The Wall Street Journal - World - Hong Kong -
Jay Powell’s dilemma: the US economy is too strong to cut rates
Sticky inflation means the Federal Reserve less likely to reduce borrowing costs before November electionFinancial Times - World -
Russia’s new economy may end up prolonging its war
Fears of a hard landing may force the country to persist in militarisationFinancial Times - Business - Russia -
The Exodus of China's Wealthy to Japan
Frustrations with Beijing’s autocratic political system and the economic slowdown have driven some people to leave China and settle in Japan.The Wall Street Journal - World - China -
CBS News poll finds economy is a top issue in major battleground states for Biden, Trump
The first CBS News battleground tracker poll of 2024 found Wisconsin, Pennsylvania and Michigan in a statistical tie between President Biden and former President Trump if people voted today.CBS News - Politics - Joe Biden -
People are spending less on fast food. That makes sense for consumers, even if it’s a red flag for companies — and the economy.
“Americans need to reprioritize their cash flow in difficult times,” according to one financial planner. “McDonald’s and Starbucks will survive.”MarketWatch - Business -
Czech central bank cuts a key interest rate again with inflation down and the economy on the mend
The Czech Republic’s central bank has cut its key interest rate for the fourth straight time as inflation dropped and the economy has shown signs of recoveryABC News - World -
Animal shelters ‘can’t keep up with cat adoptions’ as today’s economy tips the scales on cats vs. dogs
Four years after “pandemic pets” offered lockdown companionship and drained shelters of cats and dogs, data suggest that more economical cats are gaining on dogs.MarketWatch - Business -
More Americans see China as an 'enemy'
Americans are increasingly viewing China as an “enemy” of the U.S., according to a new survey. The survey, from the Pew Research Center, found 42 percent of Americans said they think China is an “enemy” to their country, up 4 points from last year ...The Hill - Politics - China -
Why China Is So Bad at Disinformation
China’s state-sponsored disinformation campaign has been running at a massive scale for seven years—but no one is looking at it.Wired - Tech - China -
The Beijing auto show and Apple in China
The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial TimesFinancial Times - World - China -
HSBC’s Quinn hands his successor a China challenge
Prospects of a quick pay-off from the country look increasingly remoteFinancial Times - Business - China -
China Has a Controversial Plan for Brain-Computer Interfaces
China's brain-computer interface technology is catching up to the US. But it envisions a very different use case: cognitive enhancement.Wired - Tech - China -
China Vanke Shares Slump After Soft Results
The property developer’s shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector.The Wall Street Journal - Business - China -
Hamas and Fatah Officials, Longtime Rivals, Met in China
The Chinese government did not say when the talks between the main Palestinian factions were held. Expectations for progress were low.The New York Times - World - China -
China Has Crossed Biden's Red Line on Ukraine
The president warned Xi not to provide ‘material support’ to Russia. Will there be consequences?The Wall Street Journal - World -
Why Xi Jinping is afraid to unleash China’s consumers
The pressure on Beijing to find a new growth model is acute but the president seems resistant to deeper economic reformFinancial Times - World - China -
Beijing Braces for a Rematch of Trump vs. China
Officials are preparing for the potential of more turbulent U.S. relations and another trade war should Trump get re-elected.The Wall Street Journal - World - China -
Why Xi Jinping is afraid to unleash China’s consumers
The pressure on Beijing to find a new growth model is acute but the president seems resistant to deeper economic reformFinancial Times - Business - China -
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Highway collapse in China leaves at least 24 dead
A section of a highway collapsed early Wednesday in southern China, sending cars tumbling and leaving at least 24 people dead, according to state media.NBC News - Top stories - China -
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At least 48 dead after highway collapse in China
A long section of a highway collapsed Wednesday in southern China, killing at least 48 people and injuring dozens more.CBS News - World - China -
At least 24 dead after highway collapse in China
State media reported that a long section of a highway collapsed Wednesday in southern China, killing dozens.CBS News - Top stories - China -
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Delusions of strong-arming China into compliance are dangerous
The current U.S.-China predicament is a complex accumulation of 50 years of interaction and interdependence.The Hill - Politics - China