The U.S. labor market showed signs of strain as initial jobless claims rose to 247,000, surpassing analysts’ expectations of 236,000. According to the Department of Labor, this marks […]
Economy
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U.S. Economy Shows Signs of Slowdown as Service Sector and Employment Stagnate
Recent indicators suggest a slowdown in the U.S. economy, with the Institute for Supply Management’s services PMI dropping to 49.9 in May from 51.6 in April. This key […]
Economy
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Ray Dalio Warns of a Potential ‘Economic Heart Attack’ in the U.S. Due to Debt
Ray Dalio, founder of Bridgewater Associates and a prominent figure in global finance, has issued a stark warning about the U.S. economy. In his new book, “How Countries […]
Technology
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First Look at Tesla’s Affordable Model Launching in 2025
Tesla is set to launch its affordable model in 2025, and the first images have been released. This new vehicle aims to make Tesla’s innovative technology accessible to […]
Economy
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Fed’s Economic Report Highlights Slower Growth, Rising Prices, and Slow Hiring
The Federal Reserve’s latest economic report indicates slower growth, rising prices, and sluggish hiring. The report suggests that the economy is experiencing a deceleration in growth while inflationary […]
Economy
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China Criticizes US Tariff Increase on Steel and Aluminum Imports
On June 5, 2025, China’s Ministry of Commerce (Mofcom) expressed strong criticism over the US decision to raise Section 232 tariffs on steel and aluminum imports to 50 […]
NewsLetter
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Volunteer Work Showcased as Exemplary Behavior at University
The CHINA DAILY recently highlighted the exemplary behavior of a volunteer from the University of International Business and Economics. The volunteer’s actions were described as a true demonstration […]
Uncategorized
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Procter & Gamble Announces Job Cuts Amid Economic and Tariff Pressures
Procter & Gamble (P&G) has announced plans to cut up to 7,000 jobs, approximately 6% of its global workforce, over the next two years. The decision comes as […]
Economy
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China’s January PMI Indicates Weak Economic Start Amid Industrial Challenges
China’s economic performance in January showed signs of weakness, as indicated by the Purchasing Managers’ Index (PMI). The data suggests a challenging start to the year, with ongoing […]
Banks
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Lagarde Committed to Completing ECB Term Amid WEF Speculation
European Central Bank President Christine Lagarde has reaffirmed her commitment to fulfilling her term at the ECB, dismissing rumors of an early exit to lead the World Economic […]