iab-economy
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Retail spending fell in March as consumers pull back
Washington DC CNN — Spending at US retailers fell in March as consumers retreated after a banking crisis sparked fears…
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Deutsche Bank, UBS stocks sink as fear of European banking crisis returns
London CNN — European bank stocks tumbled on Friday as investors acted on their lingering worries that the recent crisis…
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Chinese savers stashed away $2.6 trillion last year but property crash will cool ‘revenge spending’
Hong Kong CNN — Even for a country famously frugal, the Chinese saved a lot last year. Stuck at home…
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US, EU, G7 and Australia announce new price cap on Russian petroleum products
CNN — The US and its allies are trying to limit further Russian earning power and finance its war efforts…
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Hong Kong and Macao will fully reopen borders with mainland China
Hong Kong CNN — China will fully reopen its borders with the special administrative regions of Hong Kong and Macao…
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Britain hit by biggest day of strikes in a decade as pay disputes escalate
London CNN — Up to half a million workers are outstanding across Britain on Wednesday, closing schools, canceling university lectures…
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China’s cities are struggling to pay their bills from three years of Covid and a real estate crash
Hong Kong CNN — three years Strict pandemic control in China and a real estate crash has drained the locality…
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