China’s intensified fight against cutthroat, low-quality price competition – known as involution – is unlikely to result in supply-side reform of the same magnitude as such reform in 2015, as the world’s second-largest economy lacks the mettle to cut production capacity or add consumption stimulus, according to an economic research firm.
Investors have been quick to draw parallels between recent and earlier meetings of the Central Committee of Financial and Economic Affairs (CCFEA) that became…

A live camera at Hawaiʻi’s Kīlauea volcano captured a rare sight this week — a swirling “volnado” forming next to a fountain of lava, the latest dramatic reminder of the mountain’s…

(RTTNews) – Sky Harbour Group Corporation (SKYH) has closed a $200 million tax-exempt warehouse drawdown committed bank facility with J.P. Morgan as lender and administrative agent.

Bessent slammed the Fed for policies he said helped feed inflation, enriched the rich at the expense of the poor, and exacerbated the housing affordability

In the summer of 2015, a time when China’s pharmaceutical market was in a phase of rapid expansion, a sudden regulatory change sent tremors through the industry: drug companies would need to audit the clinical trial data for all pending applications.
If withdrawn within a month of the announcement, firms could avoid penalties for submitting flawed applications, but hiding or falsifying data would court severe punishments, including multi-year filing bans.
The response from the industry indicated…

Companies are adopting crypto in a demonstration of forward-thinking strategy – yet the risks of past financial crises are never out of the picture.

Sber CEO Herman Gref has called for deeper interest rate cuts to spur recovery and avert a recession
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In recent trading, shares of BXP Inc (Symbol: BXP) have crossed above the average analyst 12-month target price of $75.12, changing hands for $75.29/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or

China’s city governments are racing to stake out a role in artificial intelligence, with Wenzhou this week becoming the nation’s first to set up a dedicated bureau for AI-related matters – underscoring how local officials are ramping up efforts amid Beijing’s push to gain an edge in the AI race with the United States.
Authorities in Wenzhou, located in the provincial economic powerhouse of Zhejiang, announced the bureau’s formation at a high-profile AI Innovation and Development Conference on…