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Cuts, cash, credit: China bids to jumpstart flagging economy
China this week unveiled a bundle of new measures aimed at kickstarting its economy, battered by unprecedented headwinds including a property sector crisis and sluggish spending. The raft of measures are considered the boldest in years as Beijing aims to revive economic activity.
France's debt weighs heavier ahead of budget debate
France's vast public debt pile grew in the second quarter, official figures showed Friday, as Prime Minister Michel Barnier's shaky minority government girds itself for a gruelling budget debate.
Cole Palmer names 1 Chelsea legend he wants to 'copy' despite differences
Chelsea forward Cole Palmer picked one of the club's icons as the player he wants to emulate despite admitting their playing styles are different.
EasyJet founder makes life hard for 'brand thieves'
Daring to prefix a company or even a pop group's name with "easy" could land you with legal action, as the founder of British airline easyJet relentlessly tackles alleged trademark breaches.
'Broken' news industry faces uncertain future
From disinformation campaigns to soaring scepticism, plummeting trust and economic slumps, the global media landscape has been hit with blow after blow. - Eroding trust - Public trust in the media has increasingly eroded in recent years.
China cuts amount banks hold in reserve to boost lending
China on Friday cut the amount banks must hold in reserve, releasing an estimated $142.6 billion in liquidity into the financial market as leaders embark on one of their biggest drives in years to kickstart growth. Also Friday, the bank cut the seven-day reverse repo rate -- the short-term interest paid by the central bank on loans from commercial lenders -- from 1.7 percent to 1.5 percent.
Hong Kong, Shanghai extend surge as China optimism boosts markets
Hong Kong and Shanghai ploughed on with their China-fuelled rally Friday on hopes that Beijing will press on with new plans to boost the world's number two economy. Hong Kong soared more than three percent in opening trades before paring the gains, while Shanghai was also sharply higher -- both markets are now up around 10 percent from Friday's close.
Vietnam president reiterates support for Cuba during official visit
Cuban President Miguel Diaz-Canel held talks with his Vietnamese counterpart To Lam in Havana on Thursday, with the two countries signing several bilateral agreements during the visit. Several bilateral agreements were signed during the visit, notably in the fields of health and agriculture.
Mexico's new president takes reins of shaky economy
Mexico's incoming president Claudia Sheinbaum will inherit an economy plagued by uncertainty after reforms pushed through by her predecessor upset investors and key regional trading partners. The United States, Mexico's main trading partner, has warned that the reforms threaten a relationship that relies on investor confidence in the Mexican legal framework.
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