A man walks past the People’s Bank of China (PBOC) building on July 20, 2023 in Beijing, China. (Photo by Jiang Qiming/China News Service/VCG via Getty Images China News Service | China News Service | Getty Images China bond yields fell to a record low after the People’s Bank of China on Tuesday announced that … Read more
After officially hiking tariffs on Chinese electric vehicle imports earlier this month, the US government is getting even more serious about keeping China-made autos out of the country. On Monday, the US Commerce Department proposed a new rule that would ban some Chinese- and Russian-made automotive hardware and software from the US, with software restrictions … Read more
The U.S. government is proposing a ban on key Chinese software and hardware in connected vehicles on American roads due to national security concerns, the White House announced Monday. The move marks the latest crackdown on China’s automotive industry by the Biden administration and would effectively bar all Chinese cars from entering the U.S. market. It … Read more
An advertisement for Hugo Boss AG in Shanghai, China, on Wednesday, May 1, 2024. Bloomberg | Bloomberg | Getty Images LONDON — European luxury stocks tumbled Monday as analysts warned of a deteriorating demand outlook, particularly among high-spending Chinese consumers. Germany’s Hugo Boss was among the worst performers on the Stoxx 600 index by midday, … Read more
It is a valid legal strategy, Alan Rozenshtein, an associate professor of law at the University of Minnesota Law School, explains to WIRED, as the First Amendment can consider a law unconstitutional “if the law hinges on solving a particular problem, does so in an extremely limited way, and leaves the law unsolved.” But the … Read more
Traders work on the floor of the New York Stock Exchange on September 18, 2024 in New York City. Stephanie Keith | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. … Read more
A job fair in China’s southwestern city of Chongqing on April 11, 2023. Str | Afp | Getty Images China’s youth unemployment rate in August rose to the highest level since the new system of record-keeping began in December, driven by an economic slowdown and restrictive hiring policies, according to analysts. The jobless rate for … Read more
Local residents with umbrellas walk out of a metro station in rain during morning rush hour on September 20, 2024 in Beijing, China. China News Service | China News Service | Getty Images BEIJING — More economists are calling for China to stimulate growth, including those based inside the country. China should issue at least … Read more
Indian flag and Chinese flag displayed on screen. Anadolu | Anadolu | Getty Images India’s commerce minister rejected the idea of joining the Regional Comprehensive Economic Partnership, the world’s largest trade deal, maintaining that it is not in the country’s interest to be part of a free trade agreement with China. “India is not going … Read more
Men have been steadily dropping out of the workforce, especially men ages 25 to 54, who are considered to be in their prime working years. According to the U.S. Bureau of Labor Statistics, the unemployment rate for prime-age working men was 3.4% in August 2024. This number primarily includes those who are unemployed and looking … Read more
