Charting the Global Economy: Business Activity Slows in China
China’s economic recovery is in danger of sputtering after figures this week showed a further contraction in manufacturing and softer services activity.
China’s economic recovery is in danger of sputtering after figures this week showed a further contraction in manufacturing and softer services activity.
Roiled by rising borrowing costs and falling valuations that wiped out $148 billion of shareholder value, European landlords are bracing for a new wave of pain.
The European Union’s transition to clean energy marked a milestone in May, when solar panels generated more electricity than all of the bloc’s coal plants for the first time — and that’s before summer sun boosts production even further.
The US, South Korea and Japan have agreed to link up real-time “warning data” on North Korean missiles within this year, South Korea Defense Minister Lee Jong-sup told reporters, according to Yonhap News.
UK Prime Minister Rishi Sunak spent seven months trying to persuade the public that he could put the turmoil of the Brexit years and the pandemic behind him. Now, some in the ruling Conservative Party fear their leader has allowed chaos to return and torpedoed his own salvage job.
Protests worldwide over retirement rules and benefits have more than tripled this year as countries from France to Iran to India grapple with demographic changes and the strains they are putting on national finances.
Sweden’s battered commercial property sector could be in for further consolidation after one of the country’s biggest landlords appointed a longtime industry insider from a rival company to be its new chief executive.
Australia seeks to balance its economic and security relationship with China even as it maintains a longstanding defense alliance with the US at a time of heightened geopolitical tensions, according to Defense Minister Richard Marles.
For about two decades, a meat plant in the northwest German town of Vörden has helped produce a bear-shaped cold cut known as Bärchenwurst, beloved by children across the country. But rising production costs and waning demand for pork — even in a nation that once had some of the highest per capita consumption rates — forced the factory’s operator to declare a few weeks ago that it would shut down.
Paul Chow, former chief executive officer of Hong Kong Exchanges & Clearing Ltd. who brought mainland Chinese companies to list in the territory, has died. He was 76.