China’s youth face bleak job market as COVID slows economy

BEIJING (AP) – Liu Qian, job-hunting with a new master’s degree, said two employers interviewed her and then said the positions had been eliminated. Others asked her to take lower pay. She is one of 11 million new graduates desperate for work in a bleak job market as anti-virus controls force factories, restaurants and other … Read more

Is Japan open to travelers? It’s where Singaporeans want to travel

Some 49% of Singaporeans say they are considering Japan for their next vacation abroad, according to the market research firm YouGov. Interest may be even higher among young citizens. Some 68% of Singaporeans aged 16 to 24 years old indicated they are considering Japan for their “next vacation,” compared to 37% of those aged 55 … Read more

Is Japan open to travelers? It’s where Singaporeans want to travel

Some 49% of Singaporeans say they are considering Japan for their next vacation abroad, according to the market research firm YouGov. Interest may be even higher among young citizens. Some 68% of Singaporeans aged 16 to 24 years old indicated they are considering Japan for their “next vacation,” compared to 37% of those aged 55 … Read more

FAO food price index fell sharply in July, but the respite may not last

Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the beginning of 2022. Olga Maltseva Afp | Getty Images Food prices dropped significantly in July from the previous month, particularly the costs of wheat and vegetable oil, according … Read more

FAO food price index fell sharply in July, but the respite may not last

Farmers harvest a wheat field near Melitopol in Ukraine. Wheat, soybean, sugar, and corn futures have fallen from their March highs back to prices seen at the beginning of 2022. Olga Maltseva Afp | Getty Images Food prices dropped significantly in July from the previous month, particularly the costs of wheat and vegetable oil, according … Read more

‘Echoes of the Cold War’ as Blinken heads to Africa, vying with Russia for influence

PRETORIA, South Africa, August 8, 2022: South Africa’s Foreign Minister Naledi Pandor (R) and Secretary of State Antony Blinken (L) attend a strategic dialogue opening session meeting at the South African Department of International Relations and Cooperation. ANDREW HARNIK/POOL/AFP via Getty Images US Secretary of State Antony Blinken arrived in South Africa on Monday to … Read more

Senate passes Democrats’ sweeping climate, health and tax bill, delivering victory for Biden

Washington – The Senate on Sunday passed Democrats’ sweeping economic package designed to combat climate change, address health care costs and raise taxes on large corporations, marking a crucial achievement for President Biden and his party as they look to maintain their hold on Congress in the November midterm elections. The plan, called the Inflation … Read more

Senate Democrats near passage of Inflation Reduction Act in marathon session

Washington – Democrats drove their election year economic package toward Senate approval on Sunday, debating a measure with less ambition than President Biden’s original domestic vision but that touches deep-rooted party dreams of slowing global warming, moderating pharmaceutical costs and taxing immense corporations. Debate began Saturday and by sunrise on Sunday, Democrats had swatted down … Read more

Parliamentarian weakens Democrats’ drug plan in Inflation Reduction Act, as Senate prepares to vote

The Senate parliamentarian on Saturday dealt a blow to Democrats’ plan for curbing drug prices but left the rest of their sprawling economic bill largely intact as party leaders prepared for the first votes on a package containing many of President Joe Biden’s top domestic goals. Elizabeth MacDonough, the chamber’s nonpartisan rules arbiter, said lawmakers … Read more

Why China is not sanctioning Taiwan’s key chip industry Business and Economy

China has turned to the familiar playbook of trade restrictions following US House of Representatives Speaker Nancy Pelosi’s visit to Taiwan. After Pelosi proceeded with her trip to the democratically-ruled island in spite of Beijing’s warnings, Chinese authorities suspended imports of Taiwanese citrus fruits and fish, and exports of sand. State media also announced that … Read more