Chinese backpacker hostels offering bunk beds for a few dollars a night have become hubs for the anxiety and ambitions of job-seeking youth.
Tag: Layoffs and Job Reductions
China’s Economic Outlook: Pep Talks Up Top, Gloom on the Ground
Beijing has characterized concerns about the economic slowdown as being inflated by Western critics. Widespread anxiety and pessimism paint a different picture.
Why China’s Young People Are Not Getting Married
Marriages in China are at a record low. Recent political and economic turmoil have added another reason to postpone tying the knot.
LinkedIn Will Cut Over 700 Jobs Worldwide and Shut Its China App
Microsoft, LinkedIn’s owner, had already pulled the flagship networking site from China in 2021, leaving only a stripped-down app that catered to job seekers.
BASF to Cut 2,600 Jobs After a Year of High Energy Costs
The German chemical giant blamed a drop in profits on stubbornly high natural gas prices and shifting global demand.
European Union to Ban Gas-Powered Cars by 2035
The law is part of the E.U.’s ambitious plans to make the 27-member bloc carbon neutral by 2050.
Encouraging Economic Signs
New data suggests a promising possibility for the economy — that the U.S. avoids big job losses.
Tech Turmoil Complicates Canada’s Policing of the Online World
The government has four bills before Parliament to rein in tech giants at a time when the industry is retrenching.
Your Friday Briefing: Xi and Biden to Meet
Plus cryptocurrency chaos and Ukraine’s wary advance toward Kherson.
Europe’s Energy Crisis Forces Factories to Go Dark
Manufacturers are furloughing workers and shutting down lines because they can’t pay the gas and electric charges.