China’s finance and property companies saw their workforces shrink in recent years years for the first time, reflecting the damage caused by a housing market collapse and regulatory probes. The financial industry had 12.4 million employees at end-2023, down 32% from five years earlier, according to economic census data released Thursday. The number of people…
Weeks before Donald Trump returns to the White House, China’s factories are expanding production abroad and growing their customer base outside the US as they gird for new levies from the self-proclaimed “tariff man.” A sports gear maker is completing a new plant in Vietnam, hoping to dodge any new trade measures directed at made-in-China…
Caravans of sand-filled trucks and bright red cranes punctuate the skyline of a rapidly expanding industrial complex in northern Vietnam. Further south in Malaysia, quiet villages and palm oil plantations are metamorphosing into heavy-duty technological manufacturing estates. As multinationals, governments and startups rush to develop AI, establish chipmaking hubs and carve out access to raw…
Lululemon reported strong earnings thanks to international growth. (Photo by Gary Hershorn/Getty … [+] Images) Getty Images Key Takeaways November Jobs Report Exceeds Expectations With Upward Revisions For Prior Months Strong Earnings Drive Premarket Gains For DocuSign, Lululemon, And Ulta Inflation Data And Major Earnings Highlight Upcoming Week’s Market Focus It’s been a quiet week…
Trump talk of reducing or relocating federal workers hits home in Maryland. The state ranks fourth in the country for the most federal jobs. Subscribe to continue reading this article. Already subscribed? To login in, click here. Originally Published: December 2, 2024 at 5:00 AM EST Source link
US hiring probably jumped in November after hurricanes and a major strike undercut job growth a month earlier, consistent with a labor market that’s healthy yet gradually cooling. Nonfarm payrolls probably advanced by 200,000 in November, according to a Bloomberg survey of economists. The data due Friday are also expected to show the unemployment rate…
A record number of college students will graduate in China next year as Beijing strives to put the world’s second-largest economy on firmer ground. The education ministry anticipates a record 12.22 million graduates, a figure larger than the population of Ohio and 430,000 more than the number of graduates this year, which also set a…
US-China relations are shaping up to be as adversarial as expected, with President-elect Donald Trump poised to appoint two well-known China hawks for key roles as he starts to form for his “America First” cabinet. Senator Marco Rubio, who has taken a particularly aggressive approach to China’s economic rise and is one of several US…
Scott Olson | Getty Images News | Getty Images President-elect Donald Trump wants to address housing affordability in the U.S. by fomenting the construction of new homes. “We’re going to open up tracks of federal land for housing construction,” Trump said during an Aug. 15 news conference. “We desperately need housing for people who can’t…
President-Elect Donald J. Trump won the White House based partly on his promises to rein in immigration, with targeted policies that range from sending criminals to their home countries to more sweeping ones like mass deportations. During the campaign, Trump pledged to end the Temporary Protected Status that allows workers from select countries to come to…