In the Brazilian city of Olinda, a group of thrill seekers has taken up an illegal and death-defying hobby: riding on the outside of public buses.
Tag: Economic Conditions and Trends
U.S.-China Phase 1 Trade Deal Could Set Rules for Commerce
Last year’s deal could set the rules for global commerce for years to come, leaving the door open to lavish Chinese subsidies and unilateral American tariffs.
China’s Biggest ‘Bad Bank’ Tests Beijing’s Resolve on Financial Reform
Chinese regulators say they want to clean up the country’s financial system, but a state-owned conglomerate may ultimately get in the way.
Japan’s Yo-Yoing Economy Shrinks as Virus Spreads and Vaccinations Lag
The country has experienced cycles of growth and contraction in domestic consumption as the pandemic has waxed and waned.
Ratings Agency: Violence Could Undercut Israeli Economy
Rioting and mob attacks could undercut Israel’s recovery from the economic impacts of the pandemic, Fitch says.
Once-a-Decade Census Shows an Aging, Better-Educated China
The country is locked in a demographic crisis. But the figures also showed rising education and urbanization levels.
China’s Census Shows Population Barely Grew in 10 Years as Births Plummet
Only 12 million babies were born last year, the lowest number of births since 1961, providing fresh evidence of a looming demographic crisis that could complicate Beijing’s ambitions.
Colombia Police Respond to Protests With Bullets, and Death Toll Mounts
The eruption of anger in Colombia, where at least 24 have died as the government cracks down on the protests, could spread to other countries in the region that share the same combustible conditions.
Raúl Castro to Step Down as Head of Cuba’s Communist Party
Mr. Castro said he will step down and pass on control of the party to Cuba’s younger generation. His departure will leave Cuba without a Castro at its helm for the first time in over 60 years.
John Williamson, 83, Dies; Economist Defined the ‘Washington Consensus’
A careful pragmatist, he regretted the way his term, aimed at developing countries, was misinterpreted by free-market ideologues and anti-globalization activists.