CCTV Suddenly Boosts Chinese Stock Market; Shanghai, Shenzhen, and Hong Kong Markets All Drop the Next Day
On June 3, China’s state television channel CCTV’s “News Broadcast” aired a rare 110-second report, stating that international funds are…
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Britain’s Rich List 2026: Digital Capital Reshaping Wealth Landscape
In May, the 2026 “Sunday Times Rich List” was officially released, revealing a significant trend in the UK’s wealthiest individuals….
The Knicks’ Craze Boosts Consumption; City Government: Economic Benefits Exceed $200 Million
New York City Mayor Mamdani and the New York City Economic Development Corporation (NYCEDC) announced on the 3rd the latest…
Chinese Company Yunji’s Market Value Evaporates $4.5 Billion in One Day Amid Investigation Rumors
On June 3rd, Shenzhen Infogem Technologies Co., Ltd. (Infogem) issued a statement dismissing rumors of the company being investigated. The…
US Sellers pulling homes off market in largest proportion in six years.
A latest report on the U.S. housing market shows that more and more sellers are withdrawing their homes from the…
Replay: OECD Releases Global Economic Outlook
On June 3, in Paris, the Secretary-General of the Organization for Economic Co-operation and Development (OECD), Mathias Cormann, and Chief…
Cartier closes 5 stores within the year, Swiss parent company claims mainland market overvalued.
Swiss luxury goods group Richemont’s jewelry brand Cartier has closed 5 mainland stores this year. Senior executives of Richemont acknowledged…
Shaanxi Man Duped in House-buying: Bought a 34-floor Unit, Found Out Only 32 Floors Were Built
Thirteen years ago, a man from Shaanxi purchased a residential property on the 34th floor, only to discover during the…
Iran War Leads to Halved Crude Oil Imports, China’s Oil Reserves Decline
The ongoing war in Iran, coupled with the resulting chaos in the oil and gas markets, has led to a…
Old Shanghainese: Nine out of Ten Stores Closed, Never Seen Such a Depression Before
The Chinese economy continues to struggle, even in first-tier cities like Shanghai. Shopping malls are empty, crowds are thinning, unemployment…