Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. Chinese factory activity improved for the first time in half a year in October, providing a positive sign for policymakers as they gear up for an important fiscal package to bolster the world’s second-largest economy. … Read more
American consumers emerged as the unsung heroes of the economy in 2024, keeping it steady despite challenges from inflation and high Federal Reserve rates. Analysts had anticipated a breaking point for consumers due to these factors, which could have led to job losses and slowed growth. However, consumers proved to be resilient throughout the year, … Read more
The student government at the CUNY Graduate Center has approved a resolution to boycott the use of student activity fees to purchase goods that support or benefit from the US-backed Israeli occupation of Palestine. Critics have criticized this move as antisemitic and illegal. The list of boycotted items includes Sabra brand hummus, Starbucks coffee, food … Read more
Euro zone business activity remained stagnant this month, staying in contractionary territory as demand from both domestic and international markets decreased despite firms barely raising their prices, according to a survey released on Thursday. HCOB’s preliminary composite euro zone Purchasing Managers’ Index, compiled by S&P Global, inched up to 49.7 in October from September’s 49.6 … Read more