Category: Blog

Chinese premier says the economic growth target for 2024 is about 5%, on par with last year’s rate

Chinese premier says the economic growth target for 2024 is about 5%, on par with last year’s rate ByThe Associated Press March 4, 2024, 8:15 PM BEIJING — Chinese premier says the economic growth target for 2024 is about 5%, on par with last year’s rate. Top Stories Princess Kate seen at farm shop a week after photo editing controversy Mar 18, 9:54 PM Supreme…

China’s economic growth target for 2024 is about 5%, on par with last year’s rate

BEIJING — China aims to achieve 5% economic growth this year, Premier Li Qiang said Tuesday, acknowledging that it will be a challenging goal in difficult times. In his address to the annual session of the National People’s Congress, Li outlined plans to boost spending on developing advanced technology, fortifying China‘s military and supporting the economy, among many other longstanding goals. But there was no…

Dartmouth men’s basketball team votes to unionize, though steps remain before forming labor union

HANOVER, N.H. — The Dartmouth men’s basketball team voted to unionize Tuesday in an unprecedented step toward forming the first labor union for college athletes and another blow to the NCAA’s deteriorating amateur business model. In an election supervised by the National Labor Relations Board in the school’s human resources offices, the players voted 13-2 to join Service Employees International Union Local 560, which already…

DeSantis names Disney World district administrator to run elections in Democratic Orange County

ORLANDO, Fla. — Gov. Ron DeSantis has a new job for the man who has led Walt Disney World’s government since his allies took it over — elections supervisor in Orange County, long one of Florida’s most reliable sources of Democratic votes. Glen Gilzean was appointed Monday by the Republican governor to oversee voting in Florida’s fifth-largest county, where more than 1.4 million residents live…

Fed Chair Powell’s testimony to be watched for any hint on rate-cut timing

WASHINGTON — Chair Jerome Powell reinforced his belief Wednesday that the Federal Reserve will cut its key interest rate this year but said it first wants to see more evidence that inflation is falling sustainably back to the Fed’s 2% target. Powell’s comments to a House committee largely echoed those he made at a news conference Jan. 31. Since then, however, government reports have shown…

Europe’s inflation is way down. But hope is gone for a quick interest rate cut

FRANKFURT, Germany — Inflation in Europe is way down from its painful double-digit peak, and the economy has stalled. But the European Central Bank left its key interest rate at a record high Thursday, and its leader suggested a much-anticipated cut to borrowing costs would likely wait until June. The decision comes as central banks around the world, including the U.S. Federal Reserve, are trying…