The New York Times1 hour agoHong Kong Security Law Could Damage City’s Standing as Financial Hubverified_publisherThe New York Times - Keith BradsherSome firms have already moved staff out of the city since the Chinese government took a heavier hand in 2020. Paul Chan, the top finance official of Hong Kong, traveled to Paris, London, Frankfurt and Berlin last September to lure foreign investors. Last month he abolished taxes on foreigners’ …
The New York Times8 hours agoJapan Raises Interest Rates for First Time in 17 Yearsverified_publisherThe New York Times - Joe RennisonHigher inflation and rising wages suggest that the country’s economy can grow without such aggressive stimulus from the central bank. Japan’s central bank raised interest rates for the first time since 2007 on Tuesday, pushing them above zero to close a chapter in its aggressive effort to stimulate …
The New York Times3 hours agoBiden’s Climate Law Has Created a Growing Market for Green Tax Creditsverified_publisherThe New York Times - Jim TankersleyNew Treasury Department data shows companies have registered 45,500 projects for possible sale on a new tax-credit marketplace. The climate law that President Biden signed in 2022 has created a large and growing market for companies to buy and sell clean-energy tax credits, new Treasury Department …
The New York Times3 hours agoFed Meets Amid Worries That Inflation Progress Might Stallverified_publisherThe New York Times - Jeanna SmialekInflation had been moderating steadily, but it is now hovering around 3 percent. Will lowering it fully to normal levels prove difficult? Slowing America’s rapid inflation has been an unexpectedly painless process so far. High interest rates are making it expensive to take out a mortgage or borrow …
The New York Times3 hours agoJail Cells? Morgues? Your Cruise Ship Has Some Surprises for You.verified_publisherThe New York Times - Ceylan YeğinsuHere are five unexpected features on ships, some of which you hopefully won’t discover on your own. Cruise ships have hidden features that many passengers, particularly first-timers, don’t know about. Some ships are as big as small cities, and while it’s relatively easy to familiarize yourself with …
The New York Times3 hours agoEmail ‘Mistake’ on Inflation Data Prompts Questions on What Is Sharedverified_publisherThe New York Times - Ben CasselmanTraders are closely watching once-obscure economic data, prompting more scrutiny of how widely the government distributes the information. One afternoon in late February, an employee at the Bureau of Labor Statistics sent an email about an obscure detail in the way the government calculates …