China’s economy, renowned for its rapid growth and transformation into a global powerhouse, is currently navigating a complex landscape of challenges. The recent reports and data reflect a period of significant economic stress, marked by deflationary pressures, a decline in consumer prices, and other systemic risks that could have far-reaching implications both domestically and globally….
U.S. auto safety regulators will not seek a recall after a seven-year investigation into complaints that Dodge and Ram vehicles can roll away after being shifted into park. The problem was similar to one that was blamed in the death of Star Trek actor Anton Yelchin, although the company was in the process of recalling…
LONDON — Amazon on Monday called off its proposed acquisition of iRobot, which was facing antitrust scrutiny on both sides of the Atlantic, with the ecommerce giant blaming “undue and disproportionate regulatory hurdles.” The companies said in joint statement that they “entered into a mutual agreement to terminate their announced acquisition agreement.” “We’re disappointed that…
NEW YORK — After 46 years, Steve Replin has decided to give up his office space. Replin, who has a law practice and acts as an alternative lender in Denver, is adapting to the changing preferences of clients, who would rather conduct business online, or in a less professional setting like a coffee shop. “I…
WASHINGTON — Chair Jerome Powell will enter this week’s Federal Reserve meeting in a much more desirable position than he likely ever expected: Inflation is getting close to the Fed’s target rate, the economy is still growing at a healthy pace, consumers keep spending and the unemployment rate is near a half-century low. A year…
A court in Hong Kong on Monday ordered China Evergrande to be liquidated in a decision that marks a milestone in China’s efforts to resolve a crisis in its property industry that has rattled financial markets and dragged on the entire economy. Here’s what happened and what it means, looking ahead. WHAT IS CHINA EVERGRANDE?…
WASHINGTON — The Biden administration is marking Monday’s 15th anniversary of a landmark federal pay equity law with new action to help close gaps in pay for federal employees and employees of federal contractors. Despite progress since the Lily Ledbetter Fair Pay Act was signed into law in January 2009, President Joe Biden said women…
LONDON — The British government says it will ban the sale of disposable vapes and limit their cornucopia of flavors in an effort to prevent children becoming addicted to nicotine. It also plans to stick to a contentious proposal to ban today’s young people from ever buying cigarettes. Prime Minister Rishi Sunak is due to…
ABUJA, Nigeria — Monthslong tension between three coup-hit countries in West Africa and the regional bloc known as ECOWAS boiled over when the nations announced their immediate withdrawal from the bloc and accused it of a lack of support and “inhumane” coup-related sanctions. In their joint statement on Sunday, the juntas of Niger, Mali and…
NEW YORK — Donald Trump could potentially have his real estate empire ordered “dissolved” for repeated misrepresentations on financial statements to lenders in violation of New York’s powerful anti-fraud law. But an Associated Press analysis of nearly 70 years of similar cases showed Trump’s case stands apart: It’s the only big business found that was…
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