China S Billionaires Pay the Price for Xi S Covid Crackdown
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China's fiscal stimulus is losing its effectiveness, S&P says
China's fiscal stimulus is losing its effectiveness and is more of a strategy to buy time for industrial and consumption policies, S&P Global Ratings said.CNBC - Business - China -
They Bet Against the Dollar. Now They're Paying the Price.
The dollar recently hit a 34-year high against the yen, sending ripples through global markets.The Wall Street Journal - World -
House prices in London hit by high property costs and post-Covid trends
Capital has underperformed rest of UK since 2016 but remains most expensive part of the countryFinancial Times - Business -
S&P Cuts Israel's Credit Ratings on Geopolitical Concerns
S&P Global Ratings lowered its long-term foreign and local currency sovereign credit ratings on Israel to A-plus from AA-minus, citing geopolitical risks.The Wall Street Journal - World - Israel -
S&P Cuts Israel Rating on Heightened Geopolitical Risk
Yahoo News - World - Israel -
Israel downgraded by S&P Global just ahead of retaliatory attack on Iran
S&P dropped Israel’s sovereign credit rating by one notch to A+ from AA-, with the outlook negative, hours before signs of fresh tensions between that country and Iran.MarketWatch - Business - Iran -
RFK Jr.'s sister dismisses his candidacy: 'Let's talk about reality'
Kerry Kennedy is brushing off her brother, Robert F. Kennedy Jr.'s, independent presidential bid, arguing it is clear only President Biden or former President Trump will be able to secure the Oval Office in November. Kennedy was speaking with CNN ...The Hill - Politics -
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.
U.S. stocks ended mixed, with the S&P 500 and Nasdaq falling 0.2% and 0.5%, respectively, and the Dow eking out a gain of less than 0.1%. Treasury yields rose.The Wall Street Journal - World -
Xi Jinping’s Green Leap Forward
He wants China to win the race to provide climate solutions and assume the global leadership that would come with it.The New York Times - Top stories - China -
Sunak launches crackdown on Britain’s ‘sick note’ culture
Mental and behavioural disorders were most common cause given by doctors for ordering workers to take time offFinancial Times - World - United Kingdom -
What is bitcoin halving – and will it affect the price?
Process has coincided with a rise in price in the past and is due to take place again on Saturday. Satoshi Nakamoto, the pseudonymous creator of bitcoin, still has an influence on the cryptocurrency nearly 14 years after disappearing.. This week ...The Guardian - World - Crypto -
Satellite Data Reveals Sinking Risk for China’s Cities
Development and groundwater pumping are causing land subsidence and heightening the risks of sea level rise.The New York Times - World - China -
China Orders Apple to Remove Popular Messaging Apps
WhatsApp, Signal and Telegram among apps cut from iPhone app store to comply with censorship demand.The Wall Street Journal - Tech - China -
Japan’s inflation marks two years above BOJ’s target as meeting looms
Japan’s consumer inflation has stayed above the Bank of Japan’s 2% target for two years, government data confirmed Friday, amid speculation over further interest-rate increases.MarketWatch - Business - Japan -
Oil jumps 3%, spot gold hits record high after Israel launches strike in Iran
Oil prices jumped more than 3% after reports of explosions near the Iranian city of Isfahan.CNBC - Business - Iran -
Woodside Revenue Falls on Lower Prices, Volumes
Woodside Energy said weaker output and lower realized prices for its oil and natural gas drove a drop in sales revenue in its latest quarter.The Wall Street Journal - World -
The economics of running
Does a hotter economy really make you faster?Financial Times - Business -
Live: Oil prices climb following strikes in Iran
Financial Times - Business - Iran -
Apple Says It Was Ordered to Pull WhatsApp From China App Store
Apple said it removed WhatsApp and Threads from its China app offerings Friday on Beijing’s orders, amid technological tensions between the U.S. and China.The New York Times - Top stories - Apple -
China Moves to Raise Costs of Imports of Key Chemical From U.S.
China is moving to make it more expensive for U.S. shipments of a key industrial chemical to enter the Chinese market, shortly after Washington called for higher tariffs on Chinese steel.The Wall Street Journal - World - China -
The $1.7 Billion Railway That Could Challenge China's Influence in Africa
A U.S.-backed railway connecting Angola to the Democratic Republic of Congo is part of a pushback against China’s Belt and Road initiative in Africa. The $1.7 billion Lobito Corridor project aims to secure vital mineral supply chains.The Wall Street Journal - World - China -
Japan Consumer Prices Rose at Slightly Slower Pace in March
Japan’s consumer prices rose at a slightly slower pace in March due to lower energy prices but remained well above the central bank’s 2% target.The Wall Street Journal - World - Japan -
UK car insurance prices fall for first time in two years
Quarter-on-quarter drop provides some relief for households but quotes are up 43% from a year agoFinancial Times - Business - United Kingdom -
Oil price rises as US says Israel has struck Iran
Reports of a retaliatory strike by Israel raise commodity prices and fears over inflation.BBC News - Top stories - Israel -
Apple removed WhatsApp and Threads from its app store in China, saying it was ordered to by the government, as Beijing tightens internet controls.
Apple removed WhatsApp and Threads from its app store in China, saying it was ordered to by the government, as Beijing tightens internet controls.The Wall Street Journal - World - China -
Apple removes WhatsApp and Threads from China store under pressure from Beijing
Internet regulator orders delisting of two Meta-owned apps over ‘national security concerns’Financial Times - Business - China -
Microsoft Ups Ante in AI Race With China Through Stake in Abu Dhabi Firm
The $1.5 billion deal between the U.S. tech firm and Abu Dhabi-based G42 signals a pivot for the Gulf state toward WashingtonThe Wall Street Journal - Tech - China -
Oil prices jump, U.S. stock futures sink on reports of explosions heard in Iran
Crude oil prices jumped and U.S. stock futures sank Thursday night following reports of explosions in a city in western Iran, amid fears of a wider conflict between Israel and Iran.MarketWatch - Business - Iran