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
“ Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Prime Minister Sir Keir Starmer repeatedly warned of difficult decisions leading up to Wednesday’s Budget. His chancellor certainly followed through. Rachel Reeves unveiled the UK’s largest tax-raising package since the early 1990s, imposing a … Read more
An “alarming” shift towards economic protectionism poses a threat to the global economic recovery, top officials have cautioned as the race for the US presidential election nears its end. Speaking at the IMF’s annual meetings with the World Bank in Washington, officials expressed relief at signs of a soft landing for the global economy, avoiding … Read more
“ Russian President Vladimir Putin attended the BRICS Business Forum in Moscow, Russia on October 18, 2024. The BRICS group is expected to drive most of the global economic growth in the upcoming years due to its size and rapid growth compared to developed Western nations, as stated by Russian President Vladimir Putin. Putin aims … Read more
China has lowered benchmark lending rates as expected at the monthly fixing on Monday, following previous reductions to other policy rates last month as part of a stimulus package to revive the economy. The one-year loan prime rate (LPR) was decreased by 25 basis points to 3.10% from 3.35%, while the five-year LPR was also … Read more
(Bloomberg) — Vietnam Prime Minister Pham Minh Chinh predicts the nation’s economy will grow 6.5% to 7% in 2025 and says the government will push for an expansion of 7%-7.5%, according to a post on the government’s website. Most Read from Bloomberg The targets come ahead of Chinh’s address to the National Assembly this morning, … Read more
The Israeli military has warned residents in 24 areas in Lebanon – including 14 in the capital Beirut – that it plans to carry out strikes in the coming hours and throughout the night. The Israel Defense Forces (IDF) said it would target banks and other financial infrastructure supporting Hezbollah. A BBC correspondent in Beirut … Read more
Reports indicating that North Korea is sending troops to assist Moscow’s invasion of Ukraine underscore the significant manpower constraints that are impacting the Russian economy and military. According to South Korea’s intelligence service, they collaborated with Ukrainian authorities in utilizing facial recognition AI technology to identify North Korean officers in Ukraine’s Donetsk region who were … Read more
Stay informed with free updates Simply sign up to the Chinese economy myFT Digest — delivered directly to your inbox. China’s economy grew by 4.6 per cent year on year in the third quarter, according to official data released on Friday. This growth rate is slower than the previous three months, highlighting a slowdown in … Read more
