Economy

Analysts skeptical about African impact of China’s zero-tariff offer

China’s trade offer may help Chinese businesses more than African firms, they say

Bain: Global luxury sales to fall 2% in 2024, among weakest years on record

Luxury industry lost 50 million consumers in past two years

As data center industry booms, English village becomes battleground

Such projects pit business considerations, national priorities and local interests against each other

Germany's Scholz summons top ministers over rival plans to fix economy 

A worsening business outlook has widened divisions in Scholz's ideologically disparate coalition over policy measures to drive growth, protect industrial jobs

US employers add 12,000 jobs last month as hurricanes, strikes reduce payrolls

The report provides a blurry view of the job market at the end of the 2024 presidential race

Chinese online retailer Temu faces EU probe into rogue traders, illegal goods

China tells carmakers to pause investment in EU countries backing EV tariffs, sources say

New European Union tariffs of up to 45.3% came into effect on Wednesday

Low consumer spending in China hinders economy there and abroad

Economists say Beijing is dragging its feet on needed reforms

US economy grew at a solid 2.8% pace last quarter on strength of consumer spending 

Beijing files WTO complaint over EU's new taxes on Chinese EVs  

Extra taxes of up to 35% were announced Tuesday after an EU probe found Chinese state subsidies were undercutting European automakers

China stimulus should go hand in hand with reforms, ex-central bank adviser says 

China should prioritize improving basic healthcare services for the country's 300 million internal migrant workers as it faces a significant public healthcare shortfall, he said