Economy

US Diesel Hits Record $6.06 a Gallon as Iran War Squeezes Supply

U.S. diesel prices reached a record $6.06 per gallon on September 11 as the Iran and Ukraine wars tightened fuel supply and raised transport costs.

China Tests Star-Based Navigation for Its 2030 Jupiter Mission

Chinese researchers tested stellar aberration navigation aboard the Tianhui-7 satellite in January, fixing its position to within 5km ahead of a 2030 Jupit

Hong Kong Cuts Subsidised Physiotherapy Places by a Third for 2027-28

Hong Kong's Education Bureau cut subsidised physiotherapy places by about a third for 2027-28 as graduates face a tightening job market

China Sets 2030 Target for Public Cultural Services in 15th Five-Year Plan

China's Ministry of Culture and Tourism issued a 15th Five-Year Plan for public cultural services, setting 2030 targets and 18 key engineering projects.

China Unveils Publishing Industry Plan for 2026–2030 With 33 Major Projects

China's National Press and Publication Administration has issued a publishing industry plan through 2030, listing eight priority areas and 33 major project

U.S. Economy Slows to 1.5% Growth in Second Quarter as Inflation Stays Above Fed Target

The U.S. economy slowed to 1.5% growth in the second quarter as imports weighed on output, while inflation eased slightly but remained above the Fed's 2% t

Brazil Moves to Accelerate Mercosur Trade Deals with China and South Korea

Brazil agrees to speed up Mercosur trade negotiations with China and South Korea, a strategic shift amid global trade realignment and U.S. tariffs.

South Korea Weighs Cap on Leveraged ETFs as Retail Investors Absorb Chip-Driven Losses

South Korean regulators are considering limits on leveraged ETFs for retail investors after heavy losses tied to a downturn in semiconductor stocks.

When to Claim Social Security: Weighing Bigger Checks Against Time and Health

Claiming Social Security at 62 means smaller checks, while waiting boosts payouts. Here's how to weigh the trade-offs and build a broader retirement income

Oil Surges Past $100 a Barrel as Middle East Conflict Escalates

Brent crude surged above $100 for the first time since May as Houthi attacks on Saudi tankers and US-Iran tensions rattled global oil markets.

China Dives Deep: New Tourist Submersible Poised to Unlock Underwater Adventures

China is developing its first tourist submersible to reach depths of 1,000 meters, aiming to launch commercial deep-sea tourism by 2030. Learn about the engineering, safety, and market potential of this new venture.

Nexstar Media Group Secures Over $5 Billion in Debt Financing for TEGNA Acquisition

Nexstar Media Group announces a $5.12 billion debt offering, including senior secured and senior notes, to finance its acquisition of TEGNA Inc. Details on the financing package and Nexstar's market position.

China’s Commerce Minister to Address Global Trade Challenges at WTO Conference in Yaounde

China's Minister of Commerce Wang Wentao will attend the WTO Ministerial Conference in Yaounde, Cameroon, to discuss global trade challenges, WTO reform, and Africa's industrialization.

China Launches $13.4 Billion Push for Foreign Investment in Key Industries

China's NDRC has unveiled a $13.4 billion plan to fuel foreign investment in manufacturing, logistics, and R&D, broadening global participation and targeting industrial innovation.

China’s Economy Surges Ahead in Early 2026, Beating Expectations Amidst Global Uncertainty

China's economy has kicked off 2026 with a robust performance, as key indicators for industrial output and retail sales significantly surpassed market forecasts for...

Hong Kong Budget 2026-27: Tax Relief and Investment Boost for Residents and Businesses

Hong Kong's 2026-27 budget announces significant tax relief for individuals and businesses, alongside major investments in AI, IP, and the Northern Metropolis, aiming for economic recovery and growth.

China Holds Steady: Benchmark Lending Rates Unchanged Amid Economic Balancing Act

China's central bank keeps benchmark lending rates unchanged for the ninth consecutive month, navigating economic slowdowns, currency strength, and domestic demand challenges.

France Passes 2026 Budget After Tumultuous Political Stalemate

France's 2026 budget is officially passed after months of political deadlock and successful navigation of no-confidence votes by Prime Minister Lecornu's government.

Australia Lifts Cash Rate to 3.85% as Inflation Re-Accelerates

Australia’s central bank raised its cash rate target to 3.85% after inflation picked up in the second half of 2025, prompting lenders to lift variable mortgage rates in the days ahead.

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