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Tag: economic

China hoping Lunar New Year celebrations will continue economic jumpstart – BBC News

After abandoning its zero-Covid policy, China is hoping Lunar New Year celebrations this weekend will help reignite its economy. Some retail brands and investors were said to be considering exiting China in 2022, as restrictions saw sales slumps and China’s economic growth fall short of its own expectations. However, since ditching the policies, the economy has seen an upturn, one the Centre for China and…

What They Are Reading in the States: President Biden’s Economic Agenda Ushers in Record Low State Unemployment Rates

Across the country, local news outlets are reporting on  how the historic Biden economic recovery has led to another consecutive month of historic job growth and record low unemployment in several states. In September, according to the Bureau of Labor Statistics: 17 states had unemployment rates at or below 3 percent. 11 states and the District of Columbia either set new records or matched records…

‘How do I survive?’: The renters and landlords losing out in the UK economic crisis – BBC Newsnight

For many in the UK, economic turmoil is being felt most sharply when it comes to housing. As interest rates rise, mortgage payments and rents are inevitably following suit. Newsnight got Radio 1 Newsbeat’s Cost of Living reporter Sam Gruet to meet some of the young people bearing the brunt of the economic crisis, for whom the goal of home ownership increasingly looks further away….

New UK chancellor U-turns on economic plans – BBC News

The UK’s new chancellor, Jeremy Hunt, has ditched almost all of the tax cuts announced by the government three weeks ago. In an effort to calm the financial markets, which have been turbulent since the announcement of Prime Minister Liz Truss and former chancellor Kwasi Kwareng’s mini budget, the chancellor made a series of U-turns. The basic rate of income tax will remain at 20p…

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