Commuters walking at Shibuya Crossing, Tokyo © Marco Bottigelli | Moment | Getty Images Japan averted a technical recession as revised official data on Monday showed the economy returned to growth in the the October-December period last year, bolstered by strong capital expenditure. The upward revisions though were weaker than estimated, with private consumption remaining … Read more
You’re reading an excerpt from the Today’s WorldView newsletter. Sign up to get the rest free, including news from around the globe and interesting ideas and opinions to know, sent to your inbox every weekday. Since the Hamas-led attacks on Israel on Oct. 7 and the start of the war in Gaza, Americans have become … Read more
The economy grew much more rapid pace than expected in the final three months of 2023, as the U.S. easily skirted a recession that many forecasters had thought was inevitable, the Commerce Department reported Thursday. Gross domestic product, a measure of all the goods and services produced, increased at a 3.3% annualized rate in the … Read more
Chinese automaker BYD had one of the biggest stands at the IAA show in Munich, Germany in 2023. Arjun Kharpal | CNBC Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very … Read more
BEIJING — Official China called Henry Kissinger “an old friend.” A commentator likened him to a giant panda, a goodwill ambassador between two countries that have been at odds more often than not over the decades. Kissinger, who died Wednesday, developed a special relationship with China in the second half of his 100-year-long life. It … Read more
Keanu Reeves‘ fourth installment of the John Wick film franchise was released earlier this year and each movie has been more successful than the last. John Wick: Chapter 4 set a franchise record by grossing $73.8 million in its opening weekend, breaking the previous record set by Chapter 3 with $56.8 million. It finished its … Read more
Visitors line up in front of the Huawei flagship store on Nanjing East Road, one of the city’s main commercial and tourist area, in Shanghai, China, on Sept. 30, 2023. Bloomberg | Bloomberg | Getty Images BEIJING — Chinese tech giant Huawei reported revenue figures Friday that showed only a 1% increase in the third … Read more
The U.S. economy grew even faster than expected in the third quarter, buoyed by a strong consumer in spite of higher interest rates, ongoing inflation pressures and a variety of other domestic and global headwinds. Gross domestic product, a measure of all goods and services produced in the U.S., rose at a 4.9% annualized pace … Read more
One Canada Square, at the heart of Canary Wharf financial district seen standing between the Citibank building and HSBC building on 14th October 2022 in London, United Kingdom. Mike Kemp | In Pictures | Getty Images U.K. gross domestic product grew by 0.2% in August, the Office for National Statistics estimated Thursday, partially recovering from … Read more
The criminal trial of former cryptocurrency magnate Sam Bankman-Fried completed its second day on Wednesday. The prosecution and defense both gave opening statements, and interviewed the first two witnesses, including a customer of FTX and Bankman-Fried’s former friend and ex-Alameda and FTX employee Adam Yedidia. The prosecution painted Bankman-Fried as someone who knowingly committed fraud … Read more