New jobs blow away experts' forecasts

New jobs blow away experts’ forecasts

New jobs increase beyond expectations Though the vast majority of economists and analysts saw the U.S. gaining about 144,000 new jobs in September, the actual number blew those estimates away at 254,000. SAN FRANCISCO – Though the vast majority of economists and analysts saw the U.S. gaining about 144,000 new jobs in September, the actual…

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Hong Kong can’t rest on laurels once it overtakes Switzerland as top family office hub: official

Hong Kong can’t rest on laurels once it overtakes Switzerland as top family office hub: official

Hong Kong is set to overtake Switzerland as the world’s top destination for cross-border wealth management in the next couple of years, but growing competition does not leave room for complacency, according to Joseph Chan Ho-lim, the undersecretary for financial services and the treasury. He cited reports by UBS and Boston Consulting Group, which predicted…

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CityUHK launches 9 world-class Flagship Programmes to promote students’ global perspectives

CityUHK launches 9 world-class Flagship Programmes to promote students’ global perspectives

[The content of this article has been produced by our advertising partner.] City University of Hong Kong (CityUHK) is committed to providing inspirational, interactive and innovative learning experiences. The University was recognised as the Most International University by Times Higher Education (THE) earlier in 2024.  In partnership with top global universities, CityUHK introduced four Flagship…

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China’s envoy in Washington warns US against ‘strategic miscalculation’, pledges investment opportunities

China’s envoy in Washington warns US against ‘strategic miscalculation’, pledges investment opportunities

China’s ambassador to the US called on Washington to avoid “strategic miscalculation” in its approach to Beijing, warning that Washington’s trade and tech restrictions could be “double-edged swords”. Addressing an audience of more than 400 at a National Day reception at the Chinese embassy in Washington on Monday, Xie Feng said the “small yard, high…

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Fuel tanks

U.S. Oil Demand Shines as China’s Dulls

The Energy Information Administration (EIA) reported on Monday that U.S. oil demand increased to its highest seasonally since 2019, with total consumption rising 1.2% from June to July, clocking in 20.48 barrels per day.  July consumption figures have not reached this level in five years.  At the same time, EIA data shows U.S. oil output…

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