China should focus on fighting deflationary pressure, former central bank governor says
China’s policymakers need to focus on boosting domestic demand, Yi Gang, former head of the People’s Bank of China, said Friday at the Bund Summit in Shanghai.
CNBC Daily Open: Don’t confuse slow hiring with layoffs
Jobs give us money. And everyone likes money. So, everyone, more or less, likes jobs. It’s a problem when there aren’t enough jobs.
World swelters through its hottest summer on record for the second year running
The summer of 2024 was the hottest in history, according to the European Union’s climate monitor.
The Fed won’t ‘push the panic button’ and go for a jumbo rate cut, economist says
As investors await the upcoming rate decision by the Fed this month, Carl Weinberg of High Frequency Economics said that a deep interest rate cut was unlikely.
Deep divisions in battleground Pennsylvania over proposed sale of U.S. Steel to Japanese company
The sale and the possibility it could be nixed is pitting members of the same party — and even the same union — against each other in a key swing state.
Director of Disney’s Lion King says AI is a ‘Wild West,’ echoes how animation changed film
Artificial intelligence is a “Wild West” with “very few rules” — but it has the potential to democratize the film industry in the long term, says Rob Minkoff.
Once the envy of the world, Germany’s car brands now weigh heavily on its struggling economy
Germany’s car industry was once recognized around the world for its high-quality, innovative internal combustion engine cars. But where is the sector now?
Japanese chip equipment firms count on China sales amid U.S. moves to block high-end exports to Beijing
Japanese chip equipment providers are increasingly counting on China as their largest source of revenue despite looming U.S. export control pressure.
U.S. rolls out new chip-related export controls as China makes industry advances
The restrictions cover critical technologies, including quantum computing and semiconductor goods, and is aimed at China and other competitors.
7-Eleven’s parent company rejects $38.6 billion takeover bid, says offer ‘grossly undervalues’ company
Even if the offer was raised “very significantly,” Seven & i said the bid does not consider the “multiple and significant challenges” it would face.
