China’s recent annual parliamentary meetings came to a close with a surprising break from tradition. For the first time in decades, the Chinese premier did not hold a press conference following the meetings. This departure from the norm raises questions about the future of press interaction with the highest levels of China’s government. In addition,
Finance
President Joe Biden recently signed a $460 billion spending bill into law. This move successfully averted a partial government shutdown that was looming over the weekend. The bill covers funding for six major areas of government, including military and veterans affairs departments, agriculture, commerce, justice, transportation, housing and urban development, and energy. The Senate voted
Recently, The Wall Street Journal reported that the Justice Department has initiated a criminal investigation into the Alaska Airlines incident that occurred two months ago. The incident involved a door panel blowing out mid-air during Flight 1282 on January 5th, which was en route to Ontario, California from Portland, Oregon. This prompted an emergency landing
ESG funds, which focus on a company’s environmental, social, and governance factors, may seem like they are invested solely in clean, sustainable sectors. However, a closer look at the top holdings of many ESG funds reveals a different story. According to DWS Group’s Arne Noack, these funds aim to invest in top performers across various
China has recently raised the transaction limit for foreign visitors using the mobile app Alipay to $2,000 per year without needing to register their ID. This significant increase from the previous limit of $500 will have a major impact on international tourists, making it easier for them to pay for daily purchases during their stay
New York Community Bank recently announced a significant loss of 7% of its deposits in the month leading up to a capital injection of over $1 billion from investors, including former Treasury Secretary Steven Mnuchin’s Liberty Strategic Capital. This decline in deposits, from $83 billion to $77.2 billion, came just a day before Moody’s Investors
New York Community Bancorp, a struggling regional lender, recently announced a $1 billion capital raise and a leadership shake-up. Former Treasury Secretary Steven Mnuchin will be joining the bank’s board of directors along with three other new members. Additionally, Joseph Otting, former comptroller of the currency, will be taking over as CEO. This move led
Nigeria is currently facing a historic currency crisis and soaring inflation, with almost one in 10 people experiencing food insecurity, as noted by the International Monetary Fund. The country’s economy has been severely impacted by rising inflation and a plunging currency, prompting President Bola Tinubu’s government to implement a series of economic reforms aimed at
As the U.K. economy faces the challenges of a stagnant economy and fragile public finances, Finance Minister Jeremy Hunt is expected to deliver a modest package of tax cuts in the upcoming Spring Budget. Despite the pressures of a technical recession and trailing in the polls behind the Labour Party, the government is looking to