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
Unionized Los Angeles Times staffers are launching a one-day strike Friday — the first walkout in the newspaper’s 142-year history — in response to imminent “significant” layoffs. The Los Angeles Times Guild, which represents roughly 400 editorial employees, called for the walkout after management announced cuts Thursday that could whack as much as 20% of…
With inflation falling, unemployment low and the Federal Reserve signaling it could soon begin cutting interest rates, forecasters are becoming increasingly optimistic that the U.S. economy could avoid a recession. Wells Fargo last week became the latest big bank to predict that the economy will achieve a soft landing, gently slowing rather than screeching to…
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…
PARIS — French farmers staged protests Wednesday across the country and in Brussels against low wages and what they consider to be excessive regulation, mounting costs and other problems. Roadblocks were spreading in many French regions, one day after a farmer and her daughter died due to a traffic collision at a protest barricade. Farmers…
If what goes up must come down, then the urgent question on the minds of many in Europe is when will interest rates begin dropping? For months, rates have been set at the highest in the European Central Bank’s history. Investors have been betting that the central bank will cut rates quite soon — possibly…
MILAN — Italian Premier Giorgia Meloni slammed carmaker Stellantis, accusing it of weakening Italy’s industrial footprint since the merger of FiatChrysler and PSA Peugeot that created the world’s fourth largest auto maker. As one of Italy’s top private sector employers, Fiat and its successors, FiatChrysler and then Stellantis, have always gotten government attention, but rarely…