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SHENYANG, China -- Although China's economy grew 4.7% in the April-June quarter, employment and domestic demand remain sluggish in regional cities like Shenyang that are losing workers in droves and where making a living wage is becoming harder.
LONDON — The International Monetary Fund on Tuesday lifted its 2024 growth outlook for the U.K. to 0.7% from 0.5%, providing a further boost to the country's new government.
The International Monetary Fund warned Tuesday that upside risks to inflation have increased, calling into question the prospect of multiple Federal Reserve interest rate cuts this year.
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Vaughan Gething said on Tuesday he would step down as first minister of Wales, after four ministers resigned from the devolved Welsh government in protest over his leadership.
Federal Reserve Chair Jerome Powell said Monday that the central bank will not wait until inflation hits 2% to cut interest rates.
When BlackRock CEO Larry Fink bought the iShares ETF business from Barclays for roughly $13 billion in 2009, the economy was still reeling from the great financial crisis.
China's rich are growing more cautious about flaunting their wealth as the economy faces headwinds, putting the country's luxury market under pressure.