A button to launch the Netflix app on a remote control is seen in this photo illustration in Warsaw, Poland on April 25, 2019. Jaap Arriens | NurPhoto | fake pictures Check out the companies that make headlines in the midday trade Netflix: The video streaming giant’s shares fell 6.5% …
Read More »EU Summit: Leaders try to agree on a “critical” bailout for the economy
But the big problems, including the overall size of a recovery package, the combination of grants and loans offered to the worst-affected EU states, and the terms of assistance, have yet to be solved. Europe’s top executives meet Friday and Saturday in Brussels for their first in-person summit since the …
Read More »China’s economy recovers after sharp decline, weak demand, US tensions increase risks
BEIJING (Reuters) – China’s economy grew again in the second quarter after a deep depression earlier in the year, but an unexpected weakness in domestic consumption underscored the need for more political support to boost recovery after the impact of the coronavirus crisis. Asian equity markets and the Chinese yuan …
Read More »China’s GDP is growing again. That is good news for the rest of the world.
The world’s second-largest economy grew 3.2% in the April-June period compared to the previous year, according to government statistics released Thursday. That’s better than the 2.5% growth analysts polled by Refinitiv expected. It also means that China avoided the recession. In the first quarter, the $ 14 trillion economy contracted …
Read More »China’s economy is recovering. That’s good news for Southeast Asia
Pedestrians in face masks walk on a road in Beijing’s Central Business District on July 16, 2020. Wang Zhao | AFP | fake pictures Southeast Asian nations are likely to benefit from China’s economic rebound as the country accounts for a “large share” of regional exports, an economist said this …
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