COVID-19 pandemic
U.S. public schools brace for ‘fiscal cliff’ after surge in hiring meets budget shortfalls
Public schools across the United States are facing a financial reckoning in 2025 as federal pandemic relief funds expire and student enrollment continues to decline, according to data from the Georgetown Edunomics Lab. The funding crisis stems largely from the end of the Elementary and Secondary School Emergency Relief funds, which pumped billions of federal […]
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Trump picks China critic Glass as Japan envoy
American and Japan flags waving against the sky. Adventtr | Istock | Getty Images U.S. President-elect Donald Trump said on Monday he was picking George Glass, a former investment banker and diplomat notable for his criticisms of China, to serve as his ambassador to Japan. “In my First Term, George was the U.S. Ambassador to Portugal. As a […]
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Travel is finally back — and an era of huge growth is upon us
The global travel industry is set to fully recover from the Covid-19 pandemic this month, according to U.N. Tourism. During the first nine months of 2024, international arrivals worldwide reached 98% of pre-pandemic levels, compared to the same period in 2019, it said. The remaining 2% gap will close this month, according to the organization, […]
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Australia’s central bank ends 2024 with a dovish pivot, jolting markets
People walk past the Reserve Bank of Australia building in the central business district of Sydney on July 4, 2017. Saeed Khan | AFP | Getty Images Australia’s central bank held interest rates steady at its last meeting of the year but softened its hawkish tone by noting the board is gaining “some confidence” that […]
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Travel recovery is ending — and a new era of growth is beginning
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email International arrivals are set to fully recover from the Covid-19 pandemic this month, according to UN Tourism, marking the end of the travel recovery era and ushering in a new age of global growth. Source
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Eyeing U.S. election, China considers over $1.4 trillion in extra debt over next few years, Reuters reports
This photo taken on September 24, 2023, shows residential buildings in Chongqing, in southwest China. Stringer | Afp | Getty Images China is considering approving next week the issuance of over 10 trillion yuan ($1.4 trillion) in extra debt in the next few years to revive its fragile economy, a fiscal package which is expected to be further bolstered if Donald Trump wins the U.S. election, said two sources with […]
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Trump headlines Madison Square Garden rally after vulgar, racist remarks from allies
Republican presidential nominee and former U.S. President Donald Trump speaks during a rally at Madison Square Garden, in New York, U.S., October 27, 2024. Andrew Kelly | Reuters Republican presidential candidate Donald Trump headlined a rally at New York’s Madison Square Garden on Sunday that began with a series of vulgar and racist remarks by allies of the former president. Trump, a New York celebrity for decades, hoped to use the […]
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Japan visitors spent $39 billion through September, breaking annual record
Visitors walk on the Sannenzaka slope in Kyoto, Japan, on Sunday, June, 26, 2022. Kosuke Okahara | Bloomberg | Getty Images Visitor spending in Japan broke an annual record in just nine months, official data showed on Wednesday, demonstrating the economic power of a tourism boom fueled by the weak yen. Travelers spent 5.86 trillion yen ($39.27 billion) through […]
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Japan nominates ex-currency diplomat Kanda to head Asian Development Bank
Masato Kanda, vice-minister of finance for international affairs at Japan’s Ministry of Finance, during a press conference after the Group of 20 (G-20) finance ministers and central bank governors meeting. Bloomberg | Bloomberg | Getty Images Japan will nominate Masato Kanda, the country’s former top currency diplomat, as its candidate to become next head of the Asian Development Bank, Finance Minister […]
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People leave New Zealand in record numbers as economy bites
Auckland, New Zealand. Scott E Barbour | The Image Bank | Getty Images People are leaving New Zealand in record numbers as unemployment rises, interest rates remain high and economic growth is anemic, government statistics show. Data released by Statistics New Zealand on Tuesday showed that 131,200 people departed New Zealand in the year ended […]
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