China’s economy grew 5.3% in first quarter, beating expectations

[ad_1] HONG KONG — China’s economy in the first quarter beat expectations while receiving a boost from policies and an increase in demand, the government said Tuesday. The world’s second-largest economy expanded at a 5.3% annual pace in January-March, beating analysts’ forecasts of about 4.8%, official data show. Compared to the previous quarter, growth was … Read more

US airlines ask the Biden administration not to approve additional flights between the US and China

[ad_1] WASHINGTON — Large U.S. airlines and some of their unions are asking the Biden administration to stop approving any more flights between the United States and China because of what they call “anti-competitive” policies that China imposes on U.S. carriers. The airlines and unions said Thursday that China closed its market to U.S. carriers … Read more

US will push China to change policy that threatens American jobs, Yellen says

[ad_1] BEIJING — The Biden administration will push China to change an industrial policy that poses a threat to U.S. jobs, Treasury Secretary Janet Yellen said Monday after wrapping up four days of talks with Chinese officials. She also said in Beijing they had “difficult conversations” about national security, including American concerns that Chinese companies … Read more

US and China plan talks on economics, including manufacturing issue, Yellen says

[ad_1] GUANGZHOU, China — The U.S. and China agreed to hold talks that will address a key American complaint about China’s economic model, Treasury Secretary Janet Yellen said on the second day of an official visit to China. The two sides will hold more talks and create two new economic groups dedicated to growth in … Read more

Milei’s first 100 days: Argentines struggle to make ends meet as support for president remains high

[ad_1] BUENOS AIRES, Argentina — Sergio Gómez, a store owner in Buenos Aires, spends his days behind an empty counter, one nearly as empty as the large refrigerators in which he used to freeze meat. Above him, a blackboard displays outdated prices for the different cuts that he no longer sells. The small grocery store … Read more

State Farm discontinuing 72,000 home insurance policies in California in latest blow to state market

[ad_1] SACRAMENTO, Calif. — State Farm will discontinue coverage for 72,000 houses and apartments in California starting this summer, the insurance giant said this week, nine months after announcing it would not issue new home policies in the state The Illinois-based company, California’s largest insurer, cited soaring costs, the increasing risk of catastrophes like wildfires … Read more

England is limiting gender transitions for youths. US legislators are watching

[ad_1] Legislators in at least two U.S. states are citing a recent decision in England to restrict gender transitions for young people as support for their own related proposals. They weren’t the first to turn to other countries, notably in Europe, for policy and research ideas. Lawmakers across the U.S., where at least 23 states … Read more

Stock market today: Asian shares are mixed after Bank of Japan ups key rate for 1st time in 17 years

[ad_1] BANGKOK — World shares are mixed after the Bank of Japan hiked its benchmark interest rate for the first time in 17 years, ending a longstanding negative rate policy. The BOJ’s decision to raise the overnight call rate to a range of 0 to 0.1%, up from minus 0.1% drew only a muted reaction … Read more

The Bank of Japan ends its negative interest rate policy, opting for its first hike in 17 years

[ad_1] TOKYO — Japan’s central bank raised its benchmark interest rate Tuesday for the first time in 17 years, ending a longstanding policy of negative rates meant to boost the economy. The short-term rate was raised to a range of 0 to 0.1% from minus 0.1% at a policy meeting that confirmed expectations of a … Read more

What makes people happy? California lawmakers want to find out

[ad_1] SACRAMENTO, Calif. — California Assemblyman Anthony Rendon likes to spend his spare time away from the Capitol in Sacramento with his 4-year-old daughter back home near Los Angeles. Last weekend, he took her ice skating and to an indoor playground, then let her get a donut after she agreed to ride her scooter on … Read more