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U.S. Rate Rises Have Hit the Yen Hard, but Now It's Staging a Comeback
Japan’s currency has surged against the dollar this month. Central bank moves look set to boost it further. Source link
Shoppers Likely Spent More Last Month as Inflation Eased
Economists expect June retail sales growth to be the strongest since January. Source link
Big Four Accounting Firms Pare Their Consultant Ranks in Postpandemic Reversal
Professional-services giants are facing the consequences of aggressive hiring over the past two years, coupled with less attrition than they expected. Source link
The Man Charged With Steering the Yuan Through China's Economic Turmoil
Pan Gongsheng has experience in high-stakes tasks, but China’s fragile economy raises new risks. Source link
Europeans Are Becoming Poorer. ‘Yes, We’re All Worse Off.’
July 17, 2023 12:00 am ET Listen to article (2 minutes) Europeans are facing a new economic reality, one they haven’t experienced in decades. They
Can EVs and Solar Panels Save China's Economy?
China’s bet on hard tech like chips—and against property and internet tech—isn’t going well. But the story could be different a few years down the
Can EVs and Solar Panels Save China's Economy?
China’s bet on hard tech like chips—and against property and internet tech—isn’t going well. But the story could be different a few years down the
China's Economy Barely Grows as Recovery Fades
China’s economy barely grew in the second quarter from the first and youth unemployment hit a record high in June, evidence of a fading recovery
Pay Raises Are Finally Beating Inflation After Two Years of Falling Behind
Listen to article (2 minutes) Americans’ growing paychecks surpassed inflation for the first time in two years, providing some financial relief to workers, while complicating
A Buoyant Global Economy Is Starting to Sag
Manufacturing activity is weakening, Europe has slipped into a mild recession, China’s rebound from Covid-19 is sputtering and heavy debt and high interest rates burden