China unexpectedly cuts 2 key rates and withdraws money from the banking system

China unexpectedly cuts 2 key rates and withdraws money from the banking system

The headquarters of the People’s Bank of China (PBOC), the central bank, is pictured in Beijing, China September 28, 2018. REUTERS/Jason Lee Join now for FREE unlimited access to Reuters.com Register SHANGHAI, Aug 15 (Reuters) – China’s central bank unexpectedly cut a key interest rate for the second time this year and withdrew liquidity from … Read more

China’s economy unexpectedly slows as Covid outbreaks and real estate crisis bite | Chinese economy

China’s economy unexpectedly slows as Covid outbreaks and real estate crisis bite |  Chinese economy

China’s economy slowed unexpectedly in July as factory and retail activity were squeezed by Beijing’s zero Covid policy and a housing crisis, while the central bank surprised markets by cutting rates managers to boost demand. Industrial production in July rose 3.8% from a year earlier, down slightly from 3.9% in June, according to data from … Read more

The Sunday Read: “How one restaurateur transformed America’s energy industry”

The Sunday Read: “How one restaurateur transformed America’s energy industry”

It was a long-term gamble on liquid natural gas, but it paid off and turned the United States into a major exporter of fossil fuels. Journalist Jake Bittle delves into the career of Charif Souki, the Lebanese-American entrepreneur whose appetite for risk changed the course of America’s energy sector. The article describes how Mr. Souki … Read more

China’s consumer and factory data misses expectations in July

China’s consumer and factory data misses expectations in July

Employees working on an air conditioner production line at a Midea factory in Guangzhou, China. Jade Gao | AFP | Getty Images BEIJING — China released data for July well below expectations. Retail sales rose 2.7% in July from a year ago, the National Bureau of Statistics said Monday. That’s well below the 5% growth … Read more

Tesla has built 3 million vehicles, a third of them in China, says Elon Musk

Tesla has built 3 million vehicles, a third of them in China, says Elon Musk

Tesla Inc. has produced more than 3 million vehicles, and a third of them were built in China, according to Elon Musk. On Sunday, Tesla’s chief executive praised the company’s “gigafactory” in Shanghai in a tweet: “Congratulations to Giga Shanghai for building the millionth car! Total Teslas are now over 3 million. The milestone came … Read more

How Elon Musk could reverse his desperate fight against Twitter

How Elon Musk could reverse his desperate fight against Twitter

Elon Musk is seeking to force Twitter to hand over a group of key employees for questioning – and the legal maneuver could be the tycoon’s last and best hope in a desperate fight to nullify his $44 billion takeover deal. Shares of Twitter have risen more than 20% in the past month to close … Read more

Cannabis in the United States is a “100 billion dollar opportunity”, says Tilray CEO Irwin Simon

Cannabis in the United States is a “100 billion dollar opportunity”, says Tilray CEO Irwin Simon

Cannabis Freedom Alliance attorney Weldon Angelos joined “Kennedy” to discuss his testimony at a Senate hearing on cannabis reform after he was sentenced to 55 years in prison for selling marijuana. Tilray CEO Irwin Simon believes that legalizing cannabis at the federal level will provide major business opportunities in the United States. In a recent … Read more

Home Run Inn Frozen Foods recalls Frozen Meat Pizzas due to possible foreign object contamination

Home Run Inn Frozen Foods recalls Frozen Meat Pizzas due to possible foreign object contamination

WASHINGTON, August 14, 2022 – Home Run Inn Frozen Foods, a facility in Woodbridge, Ill., is recalling approximately 13,099 pounds of frozen meat pizza products that may be contaminated with foreign material, particularly metal, the Service announced today. Food Safety and Inspection (FSIS) of the United States Department of Agriculture. Frozen meat pizzas were produced … Read more