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China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

June 9, 2023|Comments Off on China’s Biggest Banks Cut Deposit Rates to Spur Consumer Spending

China’s largest state-run banks lowered interest rates on deposits, reflecting a growing concern that the economy has not rebounded as strongly as expected. ​Read More Bank of China, People's Bank of China, Industrial and Commercial Bank of [+]

Binance Halts Trading in Dollars on Binance.US

June 9, 2023|Comments Off on Binance Halts Trading in Dollars on Binance.US

Banks have signaled that they will stop working with the company’s American branch, it said, after the Securities and Exchange Commission sued it this week. ​Read More Regulation and Deregulation of Industry, Banking and Financial Institutions, [+]

CNN’s New Leaders Try to Move On From Chris Licht’s Stormy Tenure

June 9, 2023|Comments Off on CNN’s New Leaders Try to Move On From Chris Licht’s Stormy Tenure

The company’s new leaders — who include a longtime aide to Warner Bros. Discovery’s C.E.O., David Zaslav — are trying to move on from the stormy tenure of CNN’s former leader Chris Licht. ​Read More Television, [+]

Supreme Court Rules Against Dog Toy Resembling Jack Daniel’s Bottle

June 9, 2023|Comments Off on Supreme Court Rules Against Dog Toy Resembling Jack Daniel’s Bottle

The case, a trademark dispute, pitted Jack Daniel’s against Bad Spaniels Silly Squeakers, which looks like the distiller’s distinctive bottle and adds potty humor. ​Read More Decisions and Verdicts, Whiskey, Trademarks and Trade Names, Liquor, Bad [+]

Eurozone Slipped Into Recession Early in the Year

June 8, 2023|Comments Off on Eurozone Slipped Into Recession Early in the Year

A weak recovery has been underway since then, but growth is expected to remain tepid for the remainder of the year. ​Read More Recession and Depression, Inflation (Economics), Eurozone, European Central Bank 

A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff

June 8, 2023|Comments Off on A $1 Trillion Borrowing Binge Looms After Debt Limit Standoff

The government has avoided default, but the effects of the debt-ceiling brinkmanship may still ripple across the economy. ​Read More Banking and Financial Institutions, Interest Rates, United States Economy, Stocks and Bonds, Disasters and Emergencies, Federal [+]

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