Casiey Dongallo and the UE Lady Warriors in the UAAP Season 86 women’s volleyball tournament. –UAAP PHOTO For most of the season, it seemed like the University of the East (UE) Lady Warriors were headed nowhere. As far as the status of its star rookie is concerned, however, that may not be such a bad … Read more
China is in the midst of a profound economic crisis. Growth rates are flagging as an unsustainable mountain of debt piles up; China’s debt-to-GDP ratio reached a record 288% in 2023. But even that eye-popping figure does not capture the uncomfortable fact that much of it was borrowed to buy assets that no longer yield … Read more
BEIJING — China replaced the head of its market watchdog Wednesday in an apparent attempt to restore confidence in financial markets following a prolonged downturn. Official media said Wu Qing, a former chairman of the Shanghai Stock Exchange, would replace Yi Huiman as chairman and Communist Party chief of the China Securities Regulatory Commission. Chinese … Read more
Welcome back! Another year is here, and if the mood at your office is like the one at WIRED, things are a little sluggish. Maybe it was all the spiked cocoa over the holidays, or the travel, or the midnight movie marathons, but 2024 is off to a sputtering start, and lots of folks, it … Read more
The Nasdaq MarketSite in the Times Square neighborhood of New York, on Tuesday, May 31, 2022. Michael Nagle | Bloomberg | Getty Images Tech stocks rebounded from a disastrous 2022 and lifted the Nasdaq to one of its strongest years in the past two decades. After last year’s 33% plunge, the tech-heavy Nasdaq finished 2023 … Read more
Apple CEO Tim Cook holds up a new iPhone 15 Pro during an Apple event on September 12, 2023 in Cupertino, California. Justin Sullivan | Getty Images Global smartphone sales rose in October after declining for 27 straight months on a year-on-year basis, led by a recovery in emerging markets, data from Counterpoint Research showed. … Read more
Hong Kong Street Scene, Mongkok District with busses Nikada | E+ | Getty Images Hong Kong’s initial public listing market remains in a slump, even as analysts predicted a market rebound in the second half of the year. “The Hong Kong market has not recovered as much as we would like,” Irene Chu, partner at … Read more
Touch upon this storyComment Within the aftermath of the earthquake that left greater than 2,900 individuals lifeless in Morocco, many there who depend on tourism worry for his or her livelihoods. The Sept. 8 quake broken historic websites in Marrakesh, the nation’s fourth-largest metropolis, however the results have been most acute within the Excessive Atlas … Read more
Cargo ships dock on the Longtan Container Terminal of Nanjing Port to load and unload containers in Nanjing, Jiangsu province, China, Sept 6, 2023. Nurphoto | Nurphoto | Getty Photographs BEIJING — China reported Thursday one other month-to-month decline in imports and exports, albeit much less steep than anticipated. Exports in U.S. greenback phrases fell … Read more
In 2023, Anheuser-Busch InBev (NYSE:BUD) confronted substantial challenges. The corporate was embroiled in a media frenzy due to a extremely publicized transgender controversy linked to a Bud Mild marketing campaign. The controversy took a toll on the corporate, resulting in a 20% drop in its share costs in Might. To compound the problems, the corporate … Read more