As a growing number of overseas Chinese students run into financial difficulties due to the declining wealth of their families, many go online to express their grief and seek advice on how to cope with the situation. Andersen Ross Photography Inc | Digitalvision | Getty Images When Xiao Zhang went to the U.S. to study … Read more
Director of the National Economic Council Lael Brainard speaks at the White House in Washington, D.C., on January 11, 2024. Drew Angerer | Getty Images It’s clear we need to end the 2017 tax breaks for the ultra-wealthy and scale back costly permanent corporate tax breaks. Lael Brainard White House national economic advisor The multitrillion … Read more
Demonstrators attend a rally asking Rep. Kean to “Stop MAGA Cuts! Protect Social Security!” on Feb. 24, 2023 in Bridgewater, New Jersey. Dave Kotinsky | Getty Images Entertainment | Getty Images Voters who show up at the polls this November may not just be choosing among Republicans, Democrats and third-party tickets — but also casting … Read more
The U.S. government is considering laws to help society adapt to the introduction of artificial intelligence. Early users of the technology are already seeing labor productivity gains. For example, Klarna, a buy now, pay later financial services provider, estimates that its AI assistant tool will increase its profit outcome by $40 million by the end … Read more
Economic losses in the Asia Pacific region soared to $65 billion due to natural disasters, mainly fueled by floods in China and droughts in India, as reported by insurance company Aon. Hadynyah | E+ | Getty Images Economic losses in the Asia Pacific region due to natural disasters soared to $65 billion in 2023, mainly … Read more
The window for interest rate cuts may be closing. On the eve of the Federal Reserve’s two-day policy meeting, Wall Street forecaster Jim Bianco believes the central bank will likely stay on hold until next year. “I’m in the camp that the Fed does not change policy in the summer of an election year,” the … Read more
BEIJING, CHINA – MARCH 04: Chinese national flags flutter at the Great Hall of the People as the second session of the 14th National Committee of the Chinese People’s Political Consultative Conference (CPPCC) opens on March 4, 2024 in Beijing, China. (Photo by VCG/VCG via Getty Images) Vcg | Visual China Group | Getty Images … Read more
Prabowo Subianto, Indonesia’s presidential candidate and defense minister, center, waves to supporters in Jakarta, Indonesia, on Wednesday, Feb. 14, 2024. Prabowo declared victory in Wednesday’s presidential vote, citing independent pollsters, putting him on course to lead Southeast Asia’s largest economy after two failed attempts. Bloomberg | Bloomberg | Getty Images JAKARTA â Indonesia’s Defense Minister … Read more
A group of renters in the U.S. say their landlords are using software to deliver inflated rent hikes. “We’ve been told as tenants by employees of Equity that the software takes empathy out of the equation. So they can charge whatever the software tells them to charge,” said Kevin Weller, a tenant at Portside Towers … Read more
Farmers demonstrate with their tractors in front of the state parliament and have attached a placard with the words “No Farmer, No Food, No Future” to a tractor. Christian Charisius | Picture Alliance | Getty Images Farmers across Germany on Monday began protests against the government’s economic and agricultural policies, blocking roads and highways with … Read more
