Growing number of Chinese now call Japan home
Washington — Sun Lijun, a 42-year-old semiconductor engineer, says worries about the quality of air and living, childhood education and the overall economic trajectory in China are some of the reasons he and his wife first started talking about moving…
International Youth Day puts South Asia’s skills gap in sharp focus
Washington — South Asia’s youth bulge is a ticking time bomb. A demographic dividend looms, but millions of young people lack the job skills to cash in, choking the region’s economic potential. Almost half of South Asia’s population of 1.9…
US officials to travel to China for economic meetings
Senior American officials are due to visit China this week, the U.S. government said Monday, seeking to keep ties between the world’s two biggest economies steady despite simmering trade tensions. The trip to Shanghai will be for talks under a…
Americans’ refusal to keep paying higher prices may be dealing a final blow to US inflation spike
Washington — The great inflation spike of the past three years is nearly spent — and economists credit American consumers for helping slay it. Some of America’s largest companies, from Amazon to Disney to Yum Brands, say their customers are…
Global youth unemployment falls to 15-year low, but post-COVID recovery uneven
Geneva — Global youth unemployment rates fell to 13% in 2023, a 15-year low. But a new study by the International Labor Organization warns the post-COVID economic recovery is uneven, with some regions seeing an increase in the number of…
Rollercoaster week in US stocks leaves investors braced for bumps ahead
New York — A week of wild market swings has investors looking ahead to inflation data, corporate earnings and presidential polls for signals that could soothe a recent outbreak of turbulence in U.S. stocks. Following months of placid trading, U.S….
Chinese tax collectors descend on companies as budget crunches loom
BEIJING — Chinese authorities are chasing unpaid taxes from companies and individuals dating back decades, as the government moves to plug massive budget shortfalls and address a mounting debt crisis. More than a dozen listed Chinese companies say they were…
US stock markets rally; S&P 500 sees best day since 2022
NEW YORK — U.S. stocks rallied Thursday in Wall Street’s latest sharp swerve after a better-than-expected report on unemployment eased worries about a slowing economy. The S&P 500 jumped 2.3% for its best day since 2022 and shaved off all…
Wall Street rallies to bounce back from its worst day in nearly 2 years, as Japanese stocks soar
New York — U.S. stocks are bouncing back, and calm is returning to Wall Street after Japan’s market soared earlier Tuesday to claw back much of the losses from its worst day since 1987. The S&P 500 was rallying by…
Japan’s Nikkei 225 soars 10% and other world markets are mixed after the week’s rollercoaster start
Bangkok — Japan’s benchmark Nikkei 225 index soared more than 10% on Tuesday, rebounding after a rollercoaster start to the week that sent markets tumbling in Europe and on Wall Street. European markets were mostly lower, with Germany’s DAX down…