China faced deepening economic headwinds in July, state data showed, as consumer spending and investment slumped further. China’s consistently weak domestic demand has long been outmatched by the country’s vast manufacturing capacity, leading firms to expand aggressively in — and grow increasingly dependent on — overseas markets to drive growth. ...
US consumption shows signs of strainUS consumption shows signs of strain
US consumption has remained remarkably strong despite higher fuel prices sparked by the war in the Middle East, though signs of strain have started to emerge. Beef sales fell in the 13 weeks leading up to mid-July, with consumers cutting back on eating out or opting for cheaper proteins, Bloomberg ...
Ebola outbreak in DR Congo becomes deadliest in country’s historyEbola outbreak in DR Congo becomes deadliest in country’s history
The Ebola outbreak in the DR Congo became the deadliest in its history, with the virus “killing someone every 30 minutes,” a UN official said. The current outbreak is spreading five times faster than previous ones: It took only three months for fatalities to hit 2,000, compared to the five ...
Hollywood continues to fail child stars and Hayden Panettiere is the latest casualty | Jesse HassengerHollywood continues to fail child stars and Hayden Panettiere is the latest casualty | Jesse Hassenger
The untimely death of the Heroes and Scream star was a tragic ending to a life filled with darkness in an industry that still lets its younger stars down Hayden Panettiere: an actor so magnetic that entire shows were rewritten for her Hayden Panettiere – a life in pictures Hayden ...
‘I was carrying a lot of shame’: why people are sharing breakdowns of their debt online‘I was carrying a lot of shame’: why people are sharing breakdowns of their debt online
In an era of transparency, people are more willing to talk about money struggles on the internet, breaking one of the last social taboos Discussions regarding personal finances have traditionally been taboo. But gen Z and millennials in the US are finally normalizing conversations about money, openly sharing about salaries, ...
Is dating draining your bank account? Here’s a cheap solution | Dave SchillingIs dating draining your bank account? Here’s a cheap solution | Dave Schilling
I understand gen Z’s concerns about the cost of romance. But anything can be a date if you want it to be A couple of months ago, I wrote a column imploring young people to keep trying to find love, to not become cynical about romance and avoid the temptation ...
Pornhub’s Parent Company to Pay $120 Million to Settle Child Sexual Abuse LawsuitsPornhub’s Parent Company to Pay $120 Million to Settle Child Sexual Abuse Lawsuits
Pornhub’s parent company will pay $120 million to settle claims that its platforms violated federal sex trafficking and child sexual abuse imagery laws. The deal settles two 2021 class action lawsuits in California and Alabama that claim Mindgeek, which has since rebranded to Aylo, profited off of child abuse material ...
Netanyahu party campaign billboard likens Mamdani to leaders of Iran and HezbollahNetanyahu party campaign billboard likens Mamdani to leaders of Iran and Hezbollah
Likud’s depiction of Zohran Mamdani is latest move in spat between Israel’s prime minister and New York City mayor Benjamin Netanyahu’s party has compared the New York City mayor, Zohran Mamdani, to the leaders of Iran and Hezbollah on a campaign billboard. The billboard in central Tel Aviv depicts Mamdani ...
L3Harris CEO ousted for relationship with subordinateL3Harris CEO ousted for relationship with subordinate
The Scoop L3Harris CEO Chris Kubasik was ousted by his board after an independent probe found he engaged in an inappropriate relationship with an employee, according to two people briefed on the probe. The probe was conducted by the $54 billion defense contractor’s outside law firm, and wrapped up in ...
Fresh scandal hits South Africa’s Democratic AllianceFresh scandal hits South Africa’s Democratic Alliance
South Africa’s central bank is investigating a fintech firm co-founded and chaired by a senior official in the coalition government’s second-largest party over alleged exchange control violations involving a $220 million offshore transfer. The inquiry into Kastelo, the company founded by the Democratic Alliance’s head of finance Mark Burke, threatens ...