Beijing
China unveils fresh stimulus to boost ailing economy
China unveiled some of its boldest measures in years on Tuesday aimed at boosting its struggling economy as leaders grapple with a prolonged property sector debt crisis, continued deflationary pressure and high youth unemployment.
Dynamic rebound on the Athens Stock Exchange – Return to above 1,440 points
The Greek stock market had its best session in a “deep” month today (23/9). After a sluggish start, buyers turned active with banks spearheading the rally, which gained more than +2%. In this way, the X.A. broke out of the “bottleneck” of 1,420-1,430 points, in which it had been “trapped”.
Volkswagen: up to 30,000 redundancies in the automotive crisis
Last week in Brussels, unions stood with workers at Audi’s factory in Belgium, protesting the company’s plan to close the electric vehicle plant that once began there as a model of technology and modernity.
In a Unique Guesthouse in Scotland, You Can Have Your Own Bookstore for a Few Days
It’s never too early to plan summer vacations, especially if you’re someone who dreams of one day opening your bookstore. The Open Book project in the small town of Wigtown in southern Scotland promises to make these two dreams a reality, even if just for a few days. Visitors secure accommodations while also managing the bookstore during their stay.
Turkey cracks down on hybrid car imports as it seeks Chinese investment
Turkey's trade ministry imposed strict conditions on the import of plug-in hybrid vehicles from some countries, including China, according to a notice published in the Official Gazette on Friday.
The move follows a decision in June to limit imports of electric vehicles.
China the top challenge in US history, top diplomat says
A U.S. P-8A Poseidon reconnaissance plane flies near Chinese structures and buildings on the man-made Fiery Cross Reef at the Spratlys group of islands in the South China Sea are seen on March 20, 2022. (AP photo)
China's Economy Faces Slowdown Amid Housing Market Troubles and Weak Consumer Demand
Economists have lowered their expectations for China's full-year GDP growth following the release of disappointing economic data over the weekend, NBC reports. Eswar Prasad, a professor of international trade and economics at Cornell University, highlighted that Beijing's outlook for the second half of the year is now "flashing red, or pretty close to red."
Reuters: Russia Producing Kamikaze Drones with Chinese Engines Since Last Year
Over 2,500 of these drones have been created from July 2023 to July 2024 – The drone has been deployed against military and civilian targets in Ukraine, sources say
Russia began producing a new long-range attack drone, the Garpiya-A1, last year, using Chinese engines and components, according to two sources from a European intelligence agency and documents seen by Reuters.
China to raise retirement age as demographic crisis looms
People wait to cross a road near a construction site in Beijing on July 9, 2024.
China said Friday it would gradually raise its statutory retirement age, as the country grapples with a looming demographic crisis and an older population.
Hundreds of millions of people in China are set to enter old age in the coming decades while the birth rate dwindles dramatically.
Putin Warns of Direct Conflict with West if Ukraine Launches Long-Range Strikes
Russian President Vladimir Putin has warned that the West would enter into direct conflict with Russia if it allows Ukraine to launch long-range missile strikes deep into Russian territory. He emphasized that such a move would drastically alter the nature of the ongoing conflict.