March 29, 2024
Economy

Migrant workers who helped build modern China have scant or no pensions, and can’t retire

BEIJING (AP) — At 53, Guan Junling is too old to get hired at factories anymore. But for migrant workers like her, not working is not an option. For decades, they have come from farming villages to find work in the cities. Toiling in sweatshops and building apartment complexes they could never afford to live

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Economy

Vietnam GDP Growth Slows in Signs of Uneven Economic Recovery

Vietnam’s economy slowed in the first quarter, weighed by an uneven growth in exports and factory output as well as tepid consumption activity. Gross domestic product rose an annualized 5.66% in the January-March period after gaining 6.72% in the previous quarter, according to estimates released by the General Statistics Office on Friday. That compares with

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Economy

Cork’s economy gets bounce of €5.6m from Munster rugby tie

Munster’s second-ever game at SuperValu Páirc Uí Chaoimh attracted a sell-out crowd of 40,885, who saw the haka and then the Irish side prevail by 21 points to 19. According to the assessment, by Repucon Consulting, two-thirds of attendees at the match were from Cork. Just 6.5pc were from Limerick, where Munster play most of

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Economy

China’s 5G market set to expand, fuel economic growth as tech solidifies status as pillar industry

China’s flourishing 5G market is expected to add almost US$260 billion to its gross domestic product in 2030, with its 5G connections accounting for nearly a third of the worldwide total according to a recent report. The mobile industry contributed to 5.5 per cent of China’s GDP last year, and in each of the coming

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Economy

Russia, BRICS NDB President Discuss Global Economy, Bank’s Activities in Russia

 Russia’s Deputy Prime Minister Alexey Overchuk met with Dilma Rousseff, President of the BRICS New Development Bank (NDB), to discuss the current global economic climate and the bank’s work in Russia. The meeting covered ongoing economic trends, NDB’s activities within Russia, and the country’s priorities for the bank’s operations. Separately, NDB Vice President and Chief

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Economy

South Africa: Conservation Key to Building a Thriving Biodiversity Economy

The importance of conserving natural areas for a robust biodiversity economy was a key takeaway from discussions on the National Biodiversity Economy Strategy. Minister of Forestry, Fisheries and the Environment, Barbara Creecy, expressed her gratitude to participants for their valuable contributions in developing the strategy. Through collaboration, a program of action was established to tackle

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Economy

Jeremy Hunt insists economy is growing again after UK dipped into recession

JEREMY Hunt insisted the economy has started growing again after the UK dipped into recession at the end of last year. The Chancellor told anxious Brits that the “plan is working” after it emerged the country entered a less severe downturn than first thought. Jeremy Hunt insists the economy is growing again after the UK

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Economy

Significant risks for economy from soaring debt — Taylor Millard 

New economic projections warn that U.S. debt, $34.4 trillion, will reach 107% of the nation’s gross domestic product in five years. Aslan Alphan/Getty Images Taylor Millard Syndicated America’s economy faces “significant risks” due to rising federal debt, according to the nonpartisan Congressional Budget Office. Its new economic projections warn that U.S. debt, $34.4 trillion, will

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Economy

How Baltimore’s Key Bridge collapse will affect supply chains and the economy

The Francis Scott Key Bridge, once the second-longest continuous truss bridge in the U.S., now lies partially submerged in the Patapsco River after a catastrophic cargo ship collision this week. Two people were injured, and six others presumed dead. The ship and mangled debris from the bridge have formed a wall in the water, indefinitely

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Economy

Hong Kong’s New National Security Law Won’t Help Economy Recover

Foreign businesses have good reason to wonder what Hong Kong’s wide-ranging new security law, known as Article 23, will mean for them. The US has said it is “alarmed” by the law’s vague wording. Some fear its definition of “state secrets” to include “social, economic, and technological information” related to the governments of Hong Kong

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