By: Jonathon Davidson
Please consider donating to this website by clicking here!
Large cohort of UK public overwhelmingly expect Liz Truss to become new PM
The Edge Markets
UK Foreign Secretary Liz Truss is rated a 90% shot to succeed Boris Johnson as head of the UK Conservative Party and Prime Minister as the leadership race enters its final weeks, according to betting exchange firm Smarkets.
Coinbase is bracing for a US SEC investigation into its conduct over the last half decade
Bloomberg
Coinbase Global Inc. is facing a US probe into whether it improperly let Americans trade digital assets that should have been registered as securities, according to three people familiar with the matter. The company's shares dropped 21%.
China's Gen Z workforce underemployed and disenfranchised: Bloomberg
Bloomberg
The most educated generation in China's history was supposed to blaze a trail towards a more innovative and technologically advanced economy. Instead, about 15 million young people are estimated to be jobless, and many are lowering their ambitions.
China property sales to fall by one third before 2023: S&P Global Ratings
The Guardian
Property sales in China could fall by one-third this year, spelling more trouble for the country's giant housing sector as people lose faith in the market and pressure increases on struggling developers to complete presold apartments.
Chinese factory outputs slammed by ongoing covid lockdowns
Bloomberg
China's factory activity unexpectedly contracted in July, reversing earlier economic momentum as sporadic Covid outbreaks weigh on the recovery. The official manufacturing purchasing managers index fell to 49 from 50.2 in June, the National Bureau of Statistics said Sunday.
Pew Research Center finds 'great resignation' typically led to better paying jobs
Bloomberg
For the majority of people who quit their job in search of higher pay elsewhere, the wager paid off.
Even as inflation soared, 60% of those who quit between April 2021 and March 2022 realized real wage gains, according to a new report by the Pew Research Center. Less than half of workers who remained loyal to their employers can say the same.
Indonesia has blocked PayPal until it pays for a new licence under law
Reuters
The Indonesian communication ministry on Saturday blocked PayPal, search engine website Yahoo, and several gaming services due to failures to meet a deadline under licensing rules.
Registration is required under rules released in late November 2020 and will give authorities broad powers to compel platforms to disclose data of certain users and take down content deemed unlawful or that "disturbs public order".
No comments:
Post a Comment