China’s economy softens in August as Beijing continues to grapple with lagging demand

China’s economy softens in August as Beijing continues to grapple with lagging demand

BEIJING (AP) — China’s economy softened in August, extending a slowdown in industrial activity and real estate prices as Beijing faces pressure to ramp up spending to stimulate demand. Data published by the National Bureau of Statistics Saturday showed weakening activity across industrial production, retail sales and real estate this month compared to July. “We

Continue reading

Argentina’s President Milei presents 2025 budget, vowing austerity and setting up a showdown

Argentina’s President Milei presents 2025 budget, vowing austerity and setting up a showdown

BUENOS AIRES, Argentina (AP) — Libertarian President Javier Milei of Argentina presented the 2025 budget to Congress late Sunday, outlining policy priorities that reflected his key pledge to kill the country’s chronic fiscal deficit and signaled a new phase of confrontation with lawmakers. In an unprecedented move, Milei personally pitched the budget to Congress instead

Continue reading

Typhoon hits Shanghai with 94-mph winds after 400,000 people were evacuated

Typhoon hits Shanghai with 94-mph winds after 400,000 people were evacuated

BEIJING (AP) — The strongest typhoon to hit Shanghai since at least 1949 made landfall early Monday with powerful winds and heavy rains after more than 400,000 people were evacuated. Flights, ferries and train services were suspended in the megacity and in neighboring provinces, disrupting travel during China’s three-day Mid-Autumn Festival. Shanghai’s airports canceled hundreds

Continue reading