China's central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
China’s central bank says it will cut its reserve requirements for banks to help spur more lending and boost the economy
New York restaurant owners have a tip for lawmakers: don’t change the rules about wait staff gratuity. A whopping 95% of restaurateurs oppose a legislative campaign to eliminate the tip credit system that allows owners to pay wait staff who earn tips less than minimum wage, according to a new survey by the NYC Hospitality…
Elon Musk admitted to being “naive” about the recent rise in antisemitism after visiting the Auschwitz-Birkenau concentration camp in Poland on Monday — an experience the tech mogul described as “incredibly moving.” “It hits you much more in the heart when you see it in person,” Musk, the world’s richest person, said after touring the…
ANKARA, Turkey — Turkey’s central bank raised its key interest rate by another 2.5 percentage points on Thursday, pressing ahead with a series of hikes aimed at combating inflation that reached nearly 65% in December. The bank brought its benchmark rate to 45%. It’s the eighth interest rate hike since President Recep Tayyip Erdogan has…
New Jersey’s public transit agency said Friday it is scrapping plans for a backup power plant that would have been fueled by natural gas, heartening environmental justice advocates who targeted it and several other power plants in largely minority areas. NJ Transit said it is redirecting $503 million in federal funding that would have been…
Amazon Labor Union, the first group of Amazon workers to organize in the US, is reportedly struggling to make ends meet and is far from establishing a labor contract with the e-commerce giant, according to a report. ALU’s vice president Michelle Nieves told The Wall Street Journal that the organization is “pretty much broke.” Chris…
The surprise resurgence of the Detroit Lions — for decades a perennial NFL laughingstock — has fans clamoring for a chance to see the team when it hosts the Tampa Bay Buccaneers for the NFC Divisional Round playoff game on Sunday. Secondhand ticket-selling websites are listing passes to the game at Detroit’s Ford Field for…