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US Economy Slowing at Pace Not Seen Since 2008 Financial Crisis: S&P Economist
The U.S. economy is declining at a pace not seen since the 2008-09 financial crisis, says Chris Williamson, the chief business economist at S&P Global Market Intelligence, citing the latest round of purchasing managers’ index (PMI) readings. The S&P Global U.S. Manufacturing PMI eased to a two-year low of 52.3 in July, down from 52.7 in…
Pelosi More Likely to Make Taiwan Trip Despite Heightened Threats From CCP: Experts
July 24, 2022
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Asia & PacificbidenChinaChinese RegimecongressEsperpelosiPoliticsSpecial TopicsTaiwanThreat from Communist ChinaUSUS-China relationsWorld
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President Joe Biden has faced backlash from within the government after he cited the view of his military’ advisers that U.S. House of Representatives Speaker Nancy Pelosi’s reported visit to Taiwan was “not a good idea.” Despite the Chinese communist regime sending out more threats against Pelosi’s planned trip, experts believe she is more likely…
C. Difficile May Cause Colorectal Cancer
Clostridioides difficile, or C. difficile, a bacterial species that’s well known for causing serious diarrheal infections, may also drive colorectal cancer, research in mice has found. The findings appear in the journal Cancer Discovery, and may expose another troublesome role for this microbe, which causes approximately 500,000 infections a year in the United States—many of which prove…
Largest US Pension Fund With Apple as Top Holding Posts First Annual Loss Since 2009 Financial Crisis
California Public Employees’ Retirement System (CalPERS) has posted a loss for the fiscal year 2021-22, the biggest U.S. pension fund said in a statement. What Happened On a preliminary basis, the fund generated a net return of a negative 6 percent on its investments for the 12-month period ended June 30, it said. This marks the first…
Germany’s Uniper Gets 15 Billion Euro State Bailout to Avert Collapse
FRANKFURT/HELSINKI/BERLIN—The German government stepped in to rescue Uniper with a 15 billion euro ($15.28 billion) bailout on Friday after the gas importer became the biggest casualty of Europe’s energy standoff with Russia so far. Under a bailout that is among the biggest in German corporate history, the government will take a 30 percent stake in…
Venus Williams Set for Singles Comeback in Washington
Former world number one Venus Williams will make her singles comeback after nearly a year at the Citi Open in Washington that begins next week, organisers said on Thursday. The seven-time Grand Slam champion accepted a wildcard for the July 30–Aug. 7 WTA 250 event a day after announcing she will also compete at next…
China Evergrande CEO, CFO Resign Amid Probe Into Subsidiary
July 23, 2022
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Business & MarketsCEOChinaChina Business & EconomyCompanieseconomyevergrandePan DarongResignsubsidiaryXia Haijun
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NEW YORK—Struggling Chinese real estate developer China Evergrande has announced that its chief executive and chief financial officer have resigned after initial findings in a probe found $2 billion belonging to its property unit subsidiary was redirected back to the group. The news, announced Friday, comes as the company is already saddled with $310 billion…
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