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18.09.2024 21:43
Shenzhen knife attack on child shocks Japanese community in China - Nikkei Asia BEIJING/SHENZHEN -- A knife attack on a 10-year-old boy in Shenzhen just months after a similar incident in Suzhou has heightened anxiety among the Japanese community in China.The child was stabbed by a 44-year-old man around 8 a.m. on Wednesday, according to Shenzhen authorities. The attack took place on a sidewalk about 200 meters from a Japanese school attended by the boy. The child was accompanied by a parent, who was not injured.

18.09.2024 22:46
From Scooters to Microtransit, Cities Are Embracing Alternatives to Short Car Trips Almost 70% of the world’s population is expected to live in urban areas by 2050. Finding a way for people to get around those cities while tackling emissions presents a conundrum: Transportation accounts for a third of greenhouse gas emissions in cities and public transport is integral to achieving decarbonization goals. So far, more than…

18.09.2024 23:06
Fed cuts rates for first time in 4 years, by half a percentage point - Nikkei Asia NEW YORK -- The U.S. Federal Reserve cut interest rates for the first time in more than four years on Wednesday, by half a percentage point to a range between 4.75% and 5%, aiming for a soft landing that gets inflation under control without causing a recession."The U.S. economy is in good shape," Fed Chair Jerome Powell told a news conference after the decision. "It's growing at a solid pace, inflation is coming down, the labor market is in a strong pace -- we want to keep it there."

18.09.2024 23:49
Powell speaks on Federal Reserve decision to cut interest rates After the Federal Reserve announced a 0.5% interest rate cut, Fed Chair Jerome Powell stated that the economy is strong and has made significant progress over the past two years. He noted that the labor market has cooled from its previously overheated state, reflecting growing confidence that its strength can be maintained.

19.09.2024 0:31
U.S. and India to hold first dialogue on Indian Ocean this fall - Nikkei Asia WASHINGTON -- The U.S. and India will hold a dialogue for the first time on the Indian Ocean, U.S. Deputy Secretary of State Kurt Campbell told Congress on Wednesday, amid China’s growing presence in the area.The participants will "talk about what our mutual concerns are, how we can work together," Campbell told the House Foreign Affairs Committee during a hearing on power competition in the Indo-Pacific.

19.09.2024 0:35
Bitcoin whipsaws after Fed cuts interest rates for the first time in four years: CNBC Crypto World CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Tyrone Ross of 401 Financial discusses adoption of crypto ETFs and what Wall Street still needs to learn about the asset class.

19.09.2024 0:58
North Korea's trade with China on track to recovery from floods - Nikkei Asia SHENYANG, China -- Commerce between North Korea and China fell more mildly in August than during July, a sign that transport links are reopening after severe floods in the border region.Bilateral trade dropped 7% on the year in August to $177 million, Chinese customs agency data released Wednesday shows. That compares with the 20% plunge in July, when shipments of goods were suspended after devastating rains wreaked havoc in northern North Korea.

19.09.2024 1:10
Huawei shows Chinese firms can profit by playing long game - Nikkei Asia Antonia Hmaidi is a senior analyst at the Mercator Institute for China StudiesChinese telecom equipment maker Huawei has become extremely successful at balancing its economic self-interest with Beijing's demand that companies active in critical technology areas forego quick profit for national strategic gain.