Business Times - Business & Financial News, China & International ...
China's export growth slowed sharply in September, raising new concerns about the outlook for the world's second-largest economy. According to data released by the Chinese customs office on Monday, exports rose just 2.4% year-on-year in U.S. dollar terms, a significant decline from the 8.7% increase reported in August.
GM Lays Off 1,000 Workers Amid Cost-Cutting and Strategic Shift …
2 days ago · General Motors (GM) announced on Friday that it has laid off roughly 1,000 employees as part of an effort to reduce costs and adapt to evolving market dynamics. According to a source familiar with the matter, the decision to implement the job cuts was driven by a need to streamline operations, enhance efficiency, and shift priorities within the organization amid fluctuating economic and market ...
'Stubborn' King Charles, Queen Camilla Divorce Is Likely As 'Cancer ...
Sep 7, 2024 · “Charles waited 70 years to take the throne and while he knows he can’t rival his mother, the late Queen Elizabeth, in longevity and popularity, he’s going to try until the end.
Oil Prices Edge Higher Amid Mixed Market Signals and Surplus …
3 days ago · U.S. crude oil prices rose slightly on Thursday, with the West Texas Intermediate (WTI) December contract closing at $68.70 per barrel, up 27 cents or 0.4%, while Brent crude futures for January settled at $72.56, an increase of 28 cents or 0.4%. The uptick came amid a steep drawdown in U.S. fuel stocks, despite mounting concerns over a projected supply surplus for next year and broader ...
Boeing’s October Deliveries Plunge Amid Strike Fallout, Major …
5 days ago · The strike had a clear impact on Boeing's October performance, with the company delivering just 14 aircraft-the lowest monthly total since November 2020. Nine of these were 737 Max jets. Despite the disruption, Boeing managed to secure 63 new orders, including 40 737 Max 8 jets for Avia Solutions Group. Deliveries were handled by non-striking ...
China's Q3 GDP Growth Slows, Pushing Calls for More Stimulus …
Oct 19, 2024 · China's economy expanded at the slowest pace since early 2023 in the third quarter, as the world's second-largest economy grapples with a property market slump and weak domestic demand. Despite slightly better-than-expected consumption and factory output data in September, the overall economic picture remains challenging for Beijing, pushing for additional stimulus to revive growth.
Bitcoin Hits Record High Above $93,000 as Traders Assess Inflation …
4 days ago · Bitcoin soared to a record high of over $93,000 on Wednesday as investors assessed new inflation data and postelection market dynamics. The flagship cryptocurrency traded as high as $93,469.08 before settling slightly lower, marking a more than 3% gain on the day and solidifying its status as a leading asset in the ongoing risk rally. This recent surge comes in the wake of October's consumer ...
Trump's New York Hush Money Conviction Delayed as Presidential …
5 days ago · Trump-appointed judges have also played roles in dismissing certain charges, further complicating the legal landscape. In a move that underscores the complex legal landscape surrounding President-elect Donald Trump, New York Judge Juan Merchan on Tuesday agreed to delay any decision on overturning Trump's conviction in the hush money case.
John Thune Elected as Senate GOP Leader, Overcoming Trump …
4 days ago · Senate Republicans have chosen John Thune to lead their caucus, succeeding Mitch McConnell, who held the position for 17 years. Thune, currently the Senate Republican whip, defeated contenders including Texas Senator John Cornyn and Florida Senator Rick Scott in a secret ballot vote held Wednesday. The internal election marks a leadership transition for Republicans in the Senate as they seek ...
Republicans Near House Control as Key Races Tighten, Democrats …
Nov 10, 2024 · Republicans are on the cusp of gaining control of the U.S. House of Representatives, a crucial victory that would allow the party to advance its legislative agenda under President-elect Donald Trump. With votes still being counted in key battleground districts, the GOP has secured 212 seats in the 435-member chamber, according to projections from Edison Research.