Moscow Exchange Halts Trading Unexpectedly
The Moscow Exchange suspended stock trading at 16:18 Moscow time on Wednesday, offering no immediate explanation. The exchange announced that the resumption time will be communicated later.
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Comprehensive coverage of economic and business news worldwide, with a strong focus on Asia’s emerging markets, trends, and opportunities.
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U.S. Inflation Eases to Smallest Annual Rise Since 2021
U.S. consumer inflation eased to 2.9% in July, the smallest annual rise since March 2021, offering positive signs for the Federal Reserve as it considers adjusting interest rates.
Rio Tinto Reports Fruitful Cooperation with China
Rio Tinto’s chief executive of Iron Ore, Simon Trott, announced that the company’s partnerships with China have yielded fruitful returns, emphasizing the importance of seizing cooperation opportunities.
Russia Extends Gasoline Export Ban Until End of 2024
Russia has extended its temporary ban on gasoline exports until the end of 2024 to maintain domestic market stability amid increased seasonal demand and refinery repairs.
China Continues to ‘Wring the Water’ Out of Financial Data
China’s July financial data remains stable, reflecting a shift towards high-quality economic development. Yuan-denominated loans increased by 13.53 trillion yuan, with experts noting an authentic portrayal of the economy.
Global Survey Reveals Overwhelming Opposition to EU’s Trade Measures on Chinese EVs
A CGTN global survey reveals that 87.5% of respondents criticize the EU’s trade protectionism against Chinese EVs, urging for cooperation over conflict to address global challenges.
China Anticipates Record-Breaking 700 Million Air Passengers in 2024
China anticipates a record-breaking 700 million air passenger trips in 2024, highlighting significant growth in its aviation sector.
Economists Voice Concern Over Proposed U.S. Tariffs Against China
U.S. economists and trade groups express concern over proposed tariffs against China, warning that additional trade barriers could harm American businesses and consumers amid ongoing inflation.
China’s Yuan Loans Surge by 13.53 Trillion Yuan in First Seven Months
China’s yuan-denominated loans surged by 13.53 trillion yuan in the first seven months of the year, signaling significant economic activity and monetary policy shifts amid global financial uncertainties.
Service Consumption Drives China’s Economic Growth in First Half of 2024
Service consumption has become a new engine for China’s economic growth in the first half of 2024, with the service industry’s contribution to GDP surpassing 50 percent and retail sales of services surging.
Experts Criticize EU’s Restrictions on China’s Green Tech Imports
Experts warn that the EU’s import restrictions on China’s green energy products may hinder global sustainability efforts, emphasizing the need for cooperation in advancing the energy transition.
Online Payment Services Fuel China’s Tourism Boom
Foreign tourists to China increased by over 150% in the first half of 2024, driven by the 144-hour visa-free policy and enhanced online payment services that simplify travel and foster cultural exchange.
Trump’s Interview with Elon Musk Begins After Technical Glitches on X
After a 40-minute technical delay, Donald Trump’s interview with Elon Musk began on X. Musk opened by discussing Trump’s attempted assassination, drawing over a million listeners.
Fitch Lowers Israel’s Credit Rating Amid Gaza Conflict
Fitch downgrades Israel’s rating from A+ to A, citing the Gaza conflict’s impact on the economy, increased military spending, and higher geopolitical risks.
McKinsey: China’s Consumers Pivot to Service and Experience Spending
McKinsey’s latest report reveals a significant shift in Chinese consumer spending towards services and experiences. Discover how businesses can adapt to these trends and which industries are set for growth.
China’s Ministry of Culture and Tourism Vows to Expand Arts Scope
China’s Ministry of Culture and Tourism plans to expand the cultural performance market by introducing more high-quality performing arts projects, according to Ma Li.
Chinese Minister Highlights Silver Economy for Elderly Well-being
Chinese Minister of Civil Affairs Lu Zhiyuan stresses the importance of the silver economy to improve elderly well-being, announcing plans to promote comprehensive elderly care services with new institutional documents.
China’s Street Dance Revolution: Behind Breakdancing’s Olympic Debut
Breakdancing’s debut at the 2024 Paris Olympics highlights China’s thriving street dance scene, transforming from a niche subculture into a vibrant industry inspiring a new generation.
China Unveils Ambitious Guidelines for Nationwide Green Transition
China’s Communist Party Central Committee and State Council have released guidelines aiming for significant green transition progress by 2030 and a sustainable development trajectory by 2035.
China’s Green Technology Revolution Leads Global Environmental Efforts
China’s advancements in green technology are reshaping global environmental governance, leading the way in sustainable development and setting new standards for eco-friendly practices worldwide.