Alibaba, JD.com results underscore the slowdown in Chinese consumer demand
Second-quarter results from Chinese e-commerce giants Alibaba and JD.com indicate a weak market, with domestic and foreign players struggling to attract customers.
After medic’s rape and murder, Indian doctors stage 24-hour nationwide strike
The Indian Medical Association has called for a suspension of non-emergency medical services from Saturday 6 am local time.
Earn less, relax more: An American who moved to Lithuania describes life in the world’s happiest country for young people
An American who moved to Lithuania in 2012 says he earns less money but the trade off is worth it for a better quality of life, free healthcare, and safety.
Europe stocks close higher to round off winning week; Sterling gains after slew of UK data
European stocks close higher as the Stoxx 600 index continued to climb.
CNBC Daily Open: Data and earnings ease recession fears
S&P 500 and Nasdaq Composite had a sixth consecutive day of gains, rising 1.61% and 2.34% respectively, while the Dow Jones Industrial Average surged 554 points
Paetongtarn Shinawatra becomes Thailand’s youngest prime minister
Paetongtarn will become the youngest Thai prime minister and only the second woman to occupy the position, after her aunt Yingluck.
Replacing China in copper supply chain is ‘unfeasible,’ warns WoodMac, as the West seeks shift
Efforts from Western economies to diversify away from China’s copper supply chain could raise costs and delay the energy transition, says Wood Mackenzie.
China’s central bank says risks from local government debt have dropped
China’s financial risks have dropped, including from local government debt, People’s Bank of China Governor Pan Gongsheng said in interviews with state media.
China’s new loans hit a 15-year low, but investors ‘should not panic’
China extended just 260 billion yuan of new loans in July, far less than the 450 billion yuan expected.
U.S., Brazil back fresh Venezuela election despite government, opposition rebuffs
Biden backs a new Venezuela election, echoing Brazil’s Lula, despite both ruling party and opposition claiming victory in the July 28 vote.
