Tag: Economic Conditions and Trends

Didi of China Moves to Delist From New York Stock Exchange

With 377 million active users a year in China and services in 16 other countries, Didi Chuxing has been celebrated in China as a homegrown tech champion. It vanquished its American rival, Uber, and bought that company’s Chinese operations in 2016. Promises to use its banks of data to unsnarl traffic and develop driverless car […]

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Extreme Poverty Has Been Sharply Cut. What Has Changed?

Hindsight is a series from the Headway team looking back at predictions and promises from the past. When Alan Piazza visited isolated villages in north central China in the 1990s as an economist for the World Bank, he found a place of “almost impossible poverty.” People in the Ningxia region lived in cave dwellings dug […]

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How Omicron Could Knock Economic Recovery Off Track

LONDON — This week, Marisha Wallace finally had to admit that her planned five-day ski holiday in Switzerland in mid-December was not salvageable: The Swiss government’s sudden decision to impose a 10-day quarantine on some international travelers meant she wouldn’t be able to leave her hotel or return home to London on her scheduled flight. […]

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A Top Official Says the Fed Will ‘Grapple’ With a Faster Bond-Buying Taper

John C. Williams, president of the Federal Reserve Bank of New York, said the latest variant of the coronavirus could prolong the bottlenecks and shortages that have caused inflation to run hotter than expected, and is a risk Fed officials will assess as they “grapple” with how quickly to remove economic support. It is still […]

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A Top Official Says the Fed Will ‘Grapple’ With Faster Bond-Buying Taper

John C. Williams, president of the Federal Reserve Bank of New York, said the latest variant of the coronavirus could prolong the bottlenecks and shortages that have caused inflation to run hotter than expected, and is a risk Fed officials will assess as they “grapple” with how quickly to remove economic support. It is still […]

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‘Our Money Has No Value’: Frustration Rises in Turkey at Lira Crisis

ISTANBUL — Lines outside bread stores and gas stations; farmers defaulting on loans; impromptu street demonstrations. The signs of economic distress in Turkey are all too clear as the lira continues a dizzying slide. Sporadic protests have broken out around Turkey and the opposition parties have called for a series of rallies to demand a […]

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India’s Economy Still Weak, Despite a Strong Third Quarter

These are the kind of people who would normally be traveling to Italy, London or the United States to celebrate their holidays there, said Wilson Dass, a store manager at The Collective, a high-end chain selling items like cashmere overcoats and expensive leather bags. Instead, they are coming to his store, in the industrial hub […]

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Where Will We Be in 20 Years?

This article is part of our latest DealBook special report on the trends that will shape the coming decades. “Demographics are destiny.” It is a phrase, often attributed to the French philosopher Auguste Comte, that suggests much of the future is preordained by the very simple trend lines of populations. Want to understand how the […]

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U.K. Trucking Shortage Endures Despite Plea for Foreign Drivers

In the weeks since the British government announced that it would offer 5,000 temporary visas to truck drivers from continental Europe, part of a campaign to reduce supply chain pressure in the run-up to Christmas, Lukasz Skopinski, a Polish trucker now working in the United Kingdom, has offered this advice to friends back home: Don’t […]

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Afghan Economy Nears Collapse as Pressure Builds to Ease U.S. Sanctions

MAZAR-I-SHARIF, Afghanistan — Racing down the cratered highways at dawn, Mohammad Rasool knew his 9-year-old daughter was running out of time. She had been battling pneumonia for two weeks and he had run out of cash to buy her medicine after the bank in his rural town closed. So he used his last few dollars […]

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A Claim of Herd Immunity Reignites Debate Over U.K. Covid Policy

LONDON — In the four months since Prime Minister Boris Johnson took a gamble by lifting virtually all of England’s coronavirus restrictions, his country has settled into a disquieting new normal: more than 40,000 new cases a day and a thousand or so fatalities every week. Yet those grim numbers have put Britain “almost at […]

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As Virus Cases Rise in Europe, an Economic Toll Returns

“It was a shock” when the lockdown was announced, she said, adding that it was too early to predict the scale of the losses she could incur. “We just have to accept it.” For Daniel Zieman, who ran a gift stand across the square between Vienna’s Natural History and Art History Museums, the story was […]

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Inflation Batters Pakistan and Puts Pressure on Imran Khan

Muhammad Nazir canceled his daughter’s wedding. He parks his motorcycle at home and walks to his shop. Many of his shelves are empty because he can’t afford to stock the same supply of candy, soft drinks and cookies that he once did. A growing number of his customers can’t buy his snacks anyway. The global […]

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Playwright Is in Exile as Cuba Uses an Old Playbook to Quash Dissent

MADRID — For Yunior García, a Cuban playwright, the swift journey from activism in Havana to exile in Madrid might have been lifted from one of his scripts. It began with the decapitated pigeons at his doorstep, placed there, he suspects, by agents of Cuba’s Communist government to scare him. Then a pro-regime crowd, scores […]

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Venezuelan Opposition Risks an Election Challenge to Maduro

UPATA, Venezuela — His opposition to Venezuela’s authoritarian leader had left him bloodied by government thugs, forced him into hiding in a foreign embassy and pushed him into a nearly two-year exile in Italy, where he sold bread in a train station as he thought of home. Américo De Grazia’s political defiance had also cost […]

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Biden Sells Infrastructure Improvements as a Way to Counter China

“I truly believe that 50 years from now,” he said, “historians are going to look back at this moment and say, ‘That’s the moment America began to win the competition of the 21st century.’” Brian Deese, the director of Mr. Biden’s National Economic Council, said in an interview that the law would increase competitiveness and […]

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Japan’s Economy Shrinks, but Outlook Is Warm as Virus Ebbs

Japan’s economy continued to wobble in the third quarter of 2021, tipping back into contraction, as the country struggled to find its economic footing in the face of coronavirus restrictions and a supply chain crunch that hit its biggest manufacturers. In the July-to-September period, the country’s economy, the third largest after the United States and […]

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Worried About Inflation? Here Are Some Reasons for Optimism.

This article is part of the Debatable newsletter. You can sign up here to receive it on Tuesdays and Thursdays. By many, if not all, conventional measures, the American economy is booming. The unemployment rate is down. The stock market is up. And with Covid case rates having fallen to less than half of their […]

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Stocks Soar in India, Luring Investors at Home and Abroad

Until the pandemic, India’s stock market was like another world that Dilip Kumar never had a reason to visit. But like so many other people around the world who were stuck at home, he began to see it as the place to be. Mr. Kumar, a proposal administrator at an engineering company in New Delhi, […]

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Eric Adams Has a New Job. Many of His Constituents Don’t.

Eric Adams, New York City’s mayor-elect, will have a lot to do when he takes office on Jan. 1, but no task will be more important than helping New Yorkers of modest means get back to work. This chart makes the challenge clear. In August, payroll employment was still down 8.7 percent from where it […]

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As Turkey Chafes at Erdogan, He Gets Spikier Abroad

ISTANBUL — The global climate summit in Glasgow was supposed to be a big moment for President Recep Tayyip Erdogan of Turkey. He was expected to use the chance to show off a new embrace of climate issues, and there are few things he likes more than mingling on the international stage beside other world […]

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3,000 Miles From Glasgow, a Town and Its Polar Bears Face the Future

CHURCHILL, MANITOBA — This is not another story about saving Hudson Bay’s polar bears. It’s too late for that. This is a story about what comes next for a small town that bills itself as the Polar Bear Capital of the World. In Churchill, an isolated town perched on the southern edge of the Arctic, […]

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How Car Shortages Are Putting the Economy at Risk

Turmoil in the auto industry, a powerful engine of the global economy, is threatening growth and sending tremors through companies and communities that depend on carmakers for money and jobs. For every car or truck that does not roll off an assembly line in Detroit, Stuttgart or Shanghai, jobs are in jeopardy. They may be miners […]

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Europe Fears That Rising Cost of Climate Action Is Stirring Anger

PARIS — Raucous demonstrations against high energy bills in Spain. Demands for social protection in Greece as coal mines close. Fresh protests in French rural areas and small towns over spiking petrol prices. As world leaders gather for a United Nations conference in Glasgow to tackle the threat of climate change, attention is pivoting to […]

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Greece Pushes Green Energy Transformation to Fight Climate Change

NAXOS, Greece — On the windswept western tip of one of Greece’s largest islands, an unassuming stone building above the Aegean Sea has become an unlikely outpost in this country’s fight against climate change. Camouflaged inside is a new power station linked to an 180-mile undersea electricity cable that ties Naxos to a chain of […]

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Britain prepares for a post-pandemic economy, and keeps spending.

The chancellor has “delivered a ‘Boris budget,’” Torsten Bell, the chief executive of the Resolution Foundation, said in a statement. Mr. Sunak is taking advantage of the better economic growth outlook and tax receipts, which have reduced forecasts for borrowing. He plans to spend about half of those savings on more public spending, which will […]

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Poland’s Heartland Would Rather Keep E.U. Money Than Break With Bloc

KOBYLIN-BORZYMY, Poland — The twin steeples of Saint Stanislaus, a hulking, red-brick Catholic church, are visible for miles across the corn fields and cow pastures of this conservative area of eastern Poland, a bastion of support for the country’s nationalist governing party. That party is “conservative and Catholic, and people here are very attached to […]

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Is China in Big Trouble?

These are scary times in America, with one of our major parties careening into authoritarianism and the other having difficulty moving forward thanks to two uncooperative senators. Most of what I write, inevitably, focuses on the troubled prospects for our republic. But everyone needs a break. So today I want to talk about a happier […]

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China Evergrande Makes Payment to Dodge Default, Media Says

HONG KONG — China Evergrande, the troubled property giant, made an interest payment to foreign bondholders one day before a deadline that threatened to put the company into default, an official newspaper reported on Friday. Evergrande sent an $83.5 million interest payment to bondholders, reported China’s Securities Times, without providing details. The outlet is backed […]

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Bombing of Military Bus in Syrian Capital Kills 14

A brazen attack on a military bus driving through the Syrian capital, Damascus, killed 14 people on Wednesday, according to state news media, a reminder that President Bashar al-Assad’s grip on power remains tenuous even in a major government stronghold with no active rebel presence. No organization immediately claimed responsibility for the attack, which the […]

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