Economy

Hong Kong — Ratings agency Moody's downgraded the outlook on Hong Kong's credit rating to negative from stable on Wednesday, following a similar change for China the day before. The city's economy was buoyed by China's post-pandemic…
Read More...

Taylor Swift's Eras Tour is the first tour to cross the billion-dollar mark, according to Pollstar's 2023 year-end charts. Not only was Swift's landmark Eras Tour the No. 1 tour both worldwide and in North America, but she also brought in…
Read More...

As worries mount about unsustainable levels of debt in the Chinese economy, a major ratings firm on Tuesday announced that it has changed its outlook for China's sovereign debt to negative. Moody's Investors Service warned that high…
Read More...

Ratings agency Moody's cut its outlook on China's government credit ratings to negative from stable on Tuesday, in the latest sign of mounting global concern over the impact of surging local government debt and a deepening property crisis…
Read More...

Several thousand members of the Free Union of Iranian Workers went on strike Saturday against the Isfahan Steel Company, seeking higher wages and better working and living conditions. The scale and extent of the strike was significant,…
Read More...

U.S. Vice President Kamala Harris announced Saturday in Dubai at the U.N. COP28 Climate Conference that the United States is pledging $3 billion to the Green Climate Fund — the world’s largest climate fund — created to help developing…
Read More...

Gearing up for his 2024 reelection bid, U.S. President Joe Biden on Wednesday touted his "Bidenomics" agenda, contrasting his vision to build the economy "from the bottom up and the middle out" with that of so-called MAGA Republicans who…
Read More...

President Joe Biden on Wednesday touted his Bidenomics agenda in Colorado, contrasting his economic vision with that of the so-called MAGA Republicans as he gears up for his 2024 reelection bid. White House Bureau Chief Patsy Widakuswara…
Read More...

Almost all U.S. jobs, from truck driver to childcare provider to software developer, include skills that can be done, or at least supplemented, by generative artificial intelligence (GenAI), according to a recent report. GenAI is…
Read More...

Holiday shoppers in the U.S. are seeking out the best deals and strategically nabbing the deepest discounts ahead of Cyber Monday, according to data from retailer websites aggregated by third parties. Cyber Monday, as the first Monday…
Read More...