Economy

Even as China eases Covid rules, some young people still fear a bleak future

Even as China eases Covid rules, some young people still fear a bleak future

Mandy Liu, a 21-year-old university student in Beijing, says anyone who has lived in China during the pandemic can see that the country’s future looks increasingly uncertain. Covid restrictions were stifling and job opportunities were grim. She is due to graduate with a degree in tourism management next year and has submitted more than 80 …

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7 unexpected ways Western sanctions have affected life in Russia

7 unexpected ways Western sanctions have affected life in Russia

Western sanctions against Russia for its invasion of Ukraine may not have resulted in the dramatic economic collapse that some had predicted, but they still had a huge impact. Russia is now the most sanctioned country in the world and shortages of goods, limited access to services and other restrictions are slowly changing everyday life …

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The threat of runaway inflation is still relevant

The threat of runaway inflation is still relevant

Illustration by Risto Avramovski Text size About the Author: Pierre Cramer is Senior Managing Director and Senior Portfolio Manager, Insurance Asset Management at SLC management. This comment reflects his personal opinions. The trajectory of risky assets in 2023 depends on how far the Federal Reserve is willing to go with its interest rate hikes to …

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China calls for oil to be swapped with yuan at Gulf summit in Saudi Arabia

China calls for oil to be swapped with yuan at Gulf summit in Saudi Arabia

Former senior adviser to Secretary of State Pompeo Mary Kissel reacts to Xi Jinping’s meeting with the Saudi crown prince, telling ‘Mornings with Maria’ that it is an “important strategic move by China”. Chinese President Xi Jinping on Friday called on leaders of major oil-producing nations to conduct oil sales using the Chinese yuan as …

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Economists believe that inflation has peaked.  Main Street braces for more pain

Economists believe that inflation has peaked. Main Street braces for more pain

Shoppers are seen inside a Kroger supermarket on October 14, 2022 in Atlanta, Georgia. Elie Nouvelage | AFP | Getty Images More and more stock market participants and among the ranks of professional economists have rallied around the view that inflation has either peaked or is already in decline, but Main Street small business owners …

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Labor Shortage: How "Fairer Labor" Can Bring Women Back

Labor Shortage: How “Fairer Labor” Can Bring Women Back

The nationwide labor shortage in the United States is about to complete its second year. More than three million people have been missing since the start of the coronavirus pandemic, and many of them are women. Despite a slight progression in the decline in female unemployment over the past month, their overall employment rate has …

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