China has decided to open up its telecommunications, education and healthcare sectors to foreign investors after suffering a sharp drop in foreign direct investment (FDI). An executive session of the State Council, chaired by Chinese Premier Li Qiang, on Monday reviewed and approved four documents aimed at helping the country …
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Breakfast briefing: Global economy delivers summer gains
Here’s our roundup of the key overnight economic events affecting New Zealand, with news that the northern summer is delivering positive economic vibes. But first today, the expected rise in dairy prices to today’s high dairy auction in fact, it came out a little better than expected. USD prices increased …
Bay Area sheds thousands of jobs as tech layoffs rock economy
Bay Area employers have cut thousands of jobs in a troubling economic downturn that suggests waves of layoffs in the struggling tech industry are affecting the region’s employment outlook more broadly. Much of last month’s job losses in the Bay Area were the result of large job cuts in the …