Economy

Oil Tops $100 as Iran War Widens, Squeezing Consumers at Pumps and Stores

Crude oil surged past $100 a barrel amid renewed Middle East fighting, pushing gasoline above $4 a gallon and threatening higher costs for U.S. shoppers.

AstraZeneca in Talks to Acquire Bristol Myers Squibb in Near-$400 Billion Merger

AstraZeneca is in discussions to acquire Bristol Myers Squibb in a near-$400 billion merger that would create the world's fourth-largest drugmaker.

WestJet Flight Attendants Reach Tentative Wage Deal, Ending Disruptive Strike

WestJet flight attendants have reached a tentative wage deal with the carrier, ending a strike that grounded hundreds of flights across Canada.

Nissan Returns to Profit but Warns of Persistent China and Middle East Challenges

Nissan reported a 3.8 billion yen quarterly profit, reversing a heavy loss, but warned of persistent challenges in China and the Middle East.

Micron Shares Dip as Citi Pulls Catalyst Watch Amid Memory Sector Jitters

Micron shares slipped after Citi pulled its catalyst watch, adding to memory-sector jitters, though analysts say long-term AI demand fundamentals remain in

China Continues Gold Accumulation for Ninth Month as Forex Reserves Decline

China's central bank has continued its strategy of increasing gold holdings, marking the ninth consecutive month of accumulation in July. This move comes as...

China’s US Treasury Holdings Hit 17-Year Low Amid Shifting Global Economic Landscape

China has significantly reduced its holdings of U.S. Treasury bonds, reaching the lowest level since 2008. This strategic shift, occurring over several years, reflects...

China’s Economy Shifts Gears: AI, Green Energy, and Niche Tourism Drive Growth

China's economy is undergoing a significant structural transformation, with emerging industries like artificial intelligence and new energy sources poised to reshape the labor market...

China Ushers in 2026 with Economic Optimism and Cultural Flourishing

China has welcomed 2026 with widespread celebrations and a palpable sense of optimism, building on a successful 2025 that marked the completion of its...

China Rolls Out New Strategies to Stabilize Troubled Property Market

China's government is prioritizing the stabilization of its real estate sector, signaling a significant shift in economic policy. Facing mounting concerns over economic stability,...

China’s Property Market Plunges Deeper: Falling Prices and Sluggish Sales Signal Prolonged Downturn

China's real estate market is grappling with a deepening downturn, marked by persistent price declines and weak sales, now entering its fifth year. Despite...

China’s Property Woes Deepen: Vanke Seeks Bond Extensions Amidst Muted Credit Growth

China's real estate sector is facing renewed pressure as major developer China Vanke seeks extensions on bond payments, signaling a potential deepening of the...

Economic Uncertainty Fuels Rise of Recession-Based Content Online

Amid growing economic concerns, Kiki Rough, a 28-year-old self-employed consultant, has turned to sharing her experience and knowledge of cooking affordable meals during tough...

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