The China Mail - Economy

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Freshways milk-price cut deepens pressure on UK dairy farms

British dairy farmers have warned of mounting losses after processor Freshways announced a 7p-a-litre reduction in the price it pays producers.

加州母亲因生活成本危机转向创业

受加州高昂生活成本和育儿费用挤压，许多母亲认为传统职场已无法维持家庭经济平衡。她们纷纷转向创业，试图在灵活的工作模式中兼顾职业发展与家庭生活，这一趋势正在重塑加州的职业文化。

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In Benin, tensions soar over cost of living

In the heart of Cotonou’s large Dantokpa market, Diane Makpenon's family corn shop is less busy than usual these days.

Iceland's 'Mammoth' raises potential for carbon capture

With Mammoth's 72 industrial fans, Swiss start-up Climeworks intends to suck 36,000 tonnes of CO2 from the air annually to bury underground, vying to prove the technology has a place in the fight against global warming.

Panama president-elect pledges to deport migrants who cross Darien Gap

Panama will deport US-bound migrants who enter the country through the notoriously dangerous stretch of jungle known as the Darien Gap, president-elect Jose Raul Mulino said Thursday.

American Airlines union seeks Biden support in contract fight

Dozens of American Airlines flight attendants demonstrated Thursday in front of the White House as they seek to be allowed to strike during protracted contract negotiations.

Peru's dancing undertakers take sting out of death

Dancing to the tunes of a local brass band, four pallbearers carry a coffin through the streets of a town in western Peru.

Trump pledged reversal of green policies to energy execs: report

Republican presidential candidate Donald Trump urged oil industry executives to raise $1 billion for his campaign, promising to reverse environmental regulations imposed by Joe Biden's administration once he is re-elected to the White House, the Washington Post reported Thursday.

China's Xi in Hungary celebrates 'history's best' relations with Orban

President Xi Jinping vowed to deepen already flourishing economic ties with Hungary during a visit to Budapest on Thursday, advocating that its closest European Union ally "play a bigger role" in fostering relations between Beijing and the bloc.

Costa Rica to ration electricity as drought bites

Costa Rica has become the latest Latin American country to introduce rationing due to drought, announcing Thursday it will limit access to electricity for which it relies heavily on hydro-generation.

Spain govt vows to block hostile BBVA bid for rival bank

Spain's second-largest bank BBVA on Thursday announced a hostile takeover bid for smaller rival Banco Sabadell but the government vowed to block the move, which would create a European giant in the sector.

Porsche recalls thousands of Taycans over faulty batteries

German sports carmaker Porsche on Thursday confirmed it had recalled several thousand of its electric Taycan model because of risks their batteries could catch fire.

London, Frankfurt stocks hit record highs on rate-cut hopes

The London and Frankfurt stock exchanges hit record highs Thursday as the Bank of England kept its interest rate at a 16-year high but raised hopes of a cut in the coming months.

Charity warns Italy's ban on NGO planes risks lives

A migrant rescue charity warned Thursday that a new Italian ban on using surveillance planes to spot migrant boats in distress in the Mediterranean could endanger lives.

Bank of England holds rate at 16-year high, signals looming cut

The Bank of England on Thursday kept its main interest rate at a 16-year high, but hinted at a cut over the summer as UK inflation cools further and the country looks set to exit recession.

European stocks stutter before Bank of England rate call

European stock markets wavered on Thursday but with London close to a record peak before a Bank of England decision on interest rates.

Nissan net profit nearly doubles despite China challenges

Nissan said Thursday it nearly doubled its full-year net profit in 2023-24, weathering challenges in the Chinese market, but forecast a dip of around 10 percent for the current financial year.

Spain vows to block BBVA's hostile bid for rival bank

Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for smaller rival Banco Sabadell but the government vowed to block the move, which would create a European giant in the sector.

Blackstone wins bidding war for UK music rights firm

US private equity firm Blackstone emerged victorious Thursday in a takeover battle for struggling UK music rights owner Hipgnosis Songs Fund, after American group Concord refrained from improving its bid.

Nissan annual net profit nearly doubles on-year

Nissan said Thursday it nearly doubled its full-year net profit in 2023-24 but forecast a dip of around 10 percent for the current financial year.

Chinese cities lift curbs on buying homes as property crisis bites

Two of China's wealthiest cities said Thursday they would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market.

Markets' rally stutters as traders eye rate cut outlook

Equity traders struggled to get a recent rally back on course Thursday following a tepid lead from Wall Street, but record performance in Europe highlighted optimism that central banks were on course to cut interest rates.

Spanish bank BBVA goes hostile in Sabadell takeover bid

Spain's second-largest bank BBVA announced Thursday a hostile takeover bid for Banco Sabadell, three days after its smaller rival rejected an offer that would create a European banking giant.

Chinese city lifts curbs on buying homes as property crisis bites

One of China's wealthiest cities said Thursday it would lift all restrictions on buying homes, joining a growing list of urban areas rolling back curbs as they look to prop up the faltering property market.

Asian markets mixed as traders eye rate cuts

Asian traders fought to get a recent rally back on course Thursday following a tepid lead from Wall Street but record performance in Europe highlighted optimism that central banks were on course to cut interest rates.

Bank of England set to hold rate at 16-year high

The Bank of England was set Thursday to keep its main interest rate at a 16-year high, resisting a cut as UK inflation cools at a slower pace than forecast.

China's Xi in Hungary to celebrate 'new era' with Orban

Hungarian Prime Minister Viktor Orban will host Chinese President Xi Jinping in Budapest on Thursday in a bid to strengthen already flourishing ties between Beijing and its closest EU ally.

Canada regularization of undocumented migrants in jeopardy

Canada offered hope for thousands of undocumented migrants with Prime Minister Justin Trudeau promising a major regularization program. But in just a few months, political winds changed, leaving dreams of residency in jeopardy.

US forges new 'battery belt' in hopes of electric future

Growing up, Devante Cuthbertson assumed he might have to leave his North Carolina hometown to pursue a career, but a new multi-billion-dollar Toyota battery plant is offering him a reason to stay put.

European stocks rise while Wall Street has another mixed session

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts while Wall Street finished mixed on another day without major macroeconomic news.

Kenya inks deal to end doctors' strike

Kenya's government has signed a deal with striking doctors, the health ministry announced Wednesday, after almost two months of industrial action that left thousands of patients struggling to find medical care.

EU eyes first ever sanctions on Russia's LNG sector

The EU is considering expanding its sanctions against Moscow over the war in Ukraine to target Russia's liquefied natural gas sector, EU diplomats said Wednesday.

European stocks rise but Wall Street wobbles

European stocks advanced Wednesday, with London striking another record, driven by hopes of interest rate cuts as inflation eases.

US revokes some licenses for exports to China's Huawei

The United States has revoked some export licenses that allowed companies such as US chip firm Qualcomm to supply Chinese tech giant Huawei, the Commerce Department confirmed on Wednesday.

The China Mail - Economy (English)