Year: 2025
China has more room to act on fiscal policy amid global uncertainties, finance minister says
Key Points China has more room to act on fiscal policy amid domestic and external uncertainties, Finance Minister Lan Fo’an told reporters on Thursday. China on Wednesday announced it was raising its on-budget deficit to 4% of the country’s gross domestic product — the highest since at least 2010. “China has delivered a pro-growth message […]
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China’s growth goal will need much stronger stimulus if U.S. trade war intensifies, economists say
Chinese President Xi Jinping stands to leave after the opening session of the National People’s Congress (NPC) at the Great Hall of the People in Beijing, China, March 5, 2025. Tingshu Wang | Reuters Chinese leadership took on a hefty task by setting an ambitious growth target this year but Beijing may yet need much […]
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‘Obstacles’ in Egypt’s $53 billion plan to rebuild Gaza, install Palestinian Authority control
Egyptian President Abdel Fattah el-Sisi poses for a picture with leaders as Egypt hosts emergency Arab summit to discuss Palestinian developments, at Egypt’s New Administrative Capital in Cairo, March 4, 2025. Egyptian Presidency | Via Reuters Arab states led by Egypt have accepted a roadmap to rebuild Gaza as the “comprehensive Arab plan,” countering President […]
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Tensions between Trump and Europe could could have an unintended beneficiary: China
US President Donald Trump waits to greet British Prime Minister Keir Starmer at the entrance of the West Wing of the White House in Washington, DC, on February 27, 2025. Carl Court | Afp | Getty Images Tensions between the U.S. and Europe have hit something of a low in recent weeks — and China […]
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South Korea’s mint is grappling with a gold bar shortage as supply constraints bite
Gold bars arranged at the Korea Gold Exchange store in Seoul, South Korea. SeongJoon Cho | Bloomberg | Getty Images South Korea’s state-run mint is grappling with a gold bar shortage amid robust demand for the precious metal. The Korea Minting and Security Printing Corporation (KOMSCO), which is responsible for the production and distribution of […]
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Hong Kong’s top court quashes convictions of pro-democracy Tiananmen group
Campaigners attend a protest and candlelit vigil at Chinese Embassy London on June 4, 2023. Guy Smallman | Getty Images News | Getty Images Hong Kong’s top court unanimously overturned on Thursday the convictions of three former members of a pro-democracy group that organized an annual candlelight vigil to mark China’s 1989 Tiananmen Square crackdown, citing a miscarriage of justice. The ruling is a rare victory […]
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Hong Kong’s top court quashes convictions of pro-democracy Tiananmen group
Campaigners attend a protest and candlelit vigil at Chinese Embassy London on June 4, 2023. Guy Smallman | Getty Images News | Getty Images Hong Kong’s top court unanimously overturned on Thursday the convictions of three former members of a pro-democracy group that organized an annual candlelight vigil to mark China’s 1989 Tiananmen Square crackdown, citing a miscarriage of justice. The ruling is a rare victory […]
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U.S. eyes zero tariff on cars in India trade deal as Tesla entry nears, Reuters reports
Indian Prime Minister Narendra Modi and US President Donald Trump hold a joint press conference in the East Room of the White House in Washington DC, United States on February 13, 2025. (Photo by Nathan Posner/Anadolu via Getty Images) Nathan Posner/Anadolu | Anadolu | Getty Images The United States wants India to eliminate tariffs on car imports under […]
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It’s ‘never been easier’ to become an online scammer as cybercrime markets flourish, security experts warn
“Looking back to the 1990s and early 2000s, you needed to have a reasonable level of technical competence to pull off these types of crimes,” Nicholas Court, assistant director of Interpol’s Financial Crime and Anti-Corruption Centre, told CNBC. Imaginima | E+ | Getty Images An expanding network of cybercrime marketplaces is making it easier than […]
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Japanese 10-year bond yields surge to near 16-year highs on rate-hike expectations, global sell-off
A screen displays the Nikkei 225 Stock Average figure at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, on Monday, Oct. 30, 2023. The expansion of Israel’s ground operations in Gaza added more pressure to global markets as investors prepare for a busy week packed with major central […]
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