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economic slowdown
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China's 2016 defence budget to slow in line with economy
BEIJING - China's defence budget this year is likely to rise at its slowest pace since 2010, in line with the decelerating economy, by a much lower figure than had been expected, although it probably does not represent the true spending number.
EU fate at stake on muddy Greek border as migrants trapped
IDOMENI, Greece - In muddy fields straddling the border with Macedonia, a transit camp hosting up to 12,000 homeless migrants in filthy conditions is the most dramatic sign of a new crisis tearing at Greece's frayed ties with Europe and threatening its stability.
As economy stutters, China's youth seek safety of civil service
As a physics student at the elite Peking University in Beijing, Lynn Lau was expecting big Chinese private sector companies to scour the campus this summer for upcoming talent.
December 2, 2022 | 12:23 am PT
Slumping economy curbs summer travel boom
While last year's post-lockdown summer holiday season made for bustling travel, this year travel businesses are fretting over declining revenues once again as a gloomy economic outlook has dampened demand.
May 18, 2023 | 02:01 am PT
Fewer 'I Dos' ruin the party for China's $500B wedding industry
Covid wasn't kind to wedding planners in China, where marriages are traditionally elaborate, expensive affairs, but the industry estimated at almost $500 billion is now facing a bigger threat: a plunge in the number of couples willing to tie the knot.
September 18, 2023 | 06:13 pm PT
SoftBank's WeWork, once most valuable US startup, succumbs to bankruptcy
WeWork, the SoftBank Group-backed startup whose meteoric rise and fall reshaped the office sector globally, sought U.S. bankruptcy protection on Monday, after its bets on companies using more of its office-sharing space soured.
November 6, 2023 | 07:44 pm PT