Photo taken on January 21, 2024 shows a real estate project under construction in Huai ‘an city, Jiangsu province, China. CFOTO | Future Publishing | Getty Images Policymakers are doing little to soothe concerns surrounding China’s ailing economy, Brian McCarthy, chief strategist at Macrolens told CNBC’s “Street Signs Asia” on Wednesday. “Chinese policymakers are going … Read more
Descrease article font size Increase article font size Canada has secured the surrender of the last remaining permits for oil and gas development off its Pacific Coast, the federal natural resources minister said on Wednesday, after Chevron Canada CVX.N voluntarily relinquished 23 permits this month. Energy and Natural Resources Minister Jonathan Wilkinson said the relinquishment … Read more
Jeremy Hunt, UK chancellor of the exchequer, holding the despatch box as he stands with treasury colleagues outside 11 Downing Street in London, UK.. Bloomberg | Bloomberg | Getty Images LONDON â The U.K. logged a record £16.7 billion ($21.1 billion) net budget surplus in January, according to official figures released on Wednesday. The Office … Read more
Ho Chi Minh City, Vietnam. Marty Windle | Moment | Getty Images Vietnam is set to see the sharpest spike in wealth growth over the next decade as it cements its status as a global manufacturing hub, according to a report by global wealth intelligence firm New World Wealth and investment migration advisors Henley & … Read more
“An artist friend of mine got me an AI-generated painting as a gift. I can see she tried to personalize the concept, and it’s nicely framed, but part of me still feels a little cheated. Is that fair?” —No Returns Dear No Returns, There’s something implicitly paradoxical about feeling “cheated” by a present. A gift … Read more
Blurred buses pass the Bank of England in the City of London on 7th February 2024 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images The Bank of England is likely to hold interest rates higher for longer before slashing them more sharply than expected in the second half of the year, … Read more
An Israeli national flag above produce for sale at Carmel Market in Tel Aviv, Israel, on Tuesday, Nov. 7, 2023. Bloomberg | Bloomberg | Getty Images Israel’s gross domestic product shrank by nearly 20% in the fourth quarter of 2023, according to official figures. The contraction was significantly larger than expected â analysts predicted a … Read more
Lucy Alexandra Spencer spent 16 weeks abroad last year in Oman, France, Switzerland and Portugal. Unlike with most people, traveling is how she earns â rather than spends â money. The trips are paid for by Spencer’s employers â they’re wealthy Europeans and Americans who hire her to travel with their families for weeks and, … Read more
Traders work on the floor of the New York Stock Exchange during morning trading on January 31, 2024 in New York City. Michael M. Santiago | Getty Images The so-called “Magnificent 7” now wields greater financial might than almost every other major country in the world, according to new Deutsche Bank research. The meteoric rise … Read more
Chinese stocks look poised for a strong open when onshore traders return from the Lunar New Year break, with buoyant travel and tourism data seen bringing a much-needed relief to one of the world’s worst-performing major markets. With trading in mainland China shut from February 9-16, investors will likely take cues from gains seen for … Read more
