Two of China’s best-known entrepreneurs, Pan Shiyi and Zhang Xin, stepped down from their top jobs at the real estate development company they built.
Tag: Economic Conditions and Trends
Putin Dismisses Losses in Ukraine, Says Russia Is Gaining From War
Defiant against the West and despite the heavy blows to his economy and military, President Vladimir V. Putin said Russia had “not lost anything” from its invasion of Ukraine.
E.U. Weighs Russian Gas Price Cap Amid ‘Astronomic’ Energy Prices
The bloc is also considering mandatory cuts in electricity use and taxes on oil and gas companies.
From the U.S. to China, Major Economies Are Stalling. But Not India.
The Indian government expects growth to exceed 7 percent this year, though that pace may be hard to sustain as the global economy continues to slow.
Breaking Taboo, Germany Extends Life of 2 Nuclear Reactors
The step is intended to cushion a growing energy crisis in Europe but could upend the country’s plans to become the first industrial power to shutter its program.
Rising Energy Prices and High Inflation: The Economic Issues Facing Liz Truss
Consumer prices in Britain are rising at their fastest pace in decades, as the inflation rate exceeds 10 percent and is expected to keep climbing.
Europe’s Leaders Vow Economic Relief, Fearing Unrest
Germany, Sweden and the Czech Republic announced measures to populations feeling the bite of rising inflation and energy costs tied to war in Ukraine.
Germany Announces $65 Billion Relief Package Amid Soaring Inflation
Berlin aims to ease the burden on citizens facing soaring inflation and surging energy costs that have worsened with Russia’s invasion of Ukraine.
Will a Renewed Iran Nuclear Deal Cut Energy Prices?
A successful deal to restrain Iran’s nuclear program would mean that Washington lifts tough sanctions on Iran’s oil and gas exports. But it may already be too late for that to help this winter.
Debt-Stricken Sri Lanka Reaches Initial Deal for I.M.F. Bailout
The package includes nearly $3 billion in loans for an island nation that ousted its president amid a devastating economic crisis.