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economy


The world’s second largest economy expanded 2.3% in 2020 compared to a year earlier, according to government statistics released Monday. It’s China’s slowest annual growth rate in decades — not since 1976 has the country had a worse year, when GDP shrunk 1.6% during a time of social and economic tumult. But during a year …

ROANOKE, Va. – If you’re looking for a new a home in the Roanoke Valley, you’re far from the only one. The Roanoke Valley Association of Realtors said 2020 was a record-breaking year for realty, and the trends are continuing into 2021. The organization reports 6,398 homes were sold in the Roanoke Valley last year, …

TOKYO — The Japanese Health Ministry has found a coronavirus variant in people arriving from Brazil that’s different from the ones in Britain and South Africa. The variant was found in airport tests on a man in his 40s, a woman in her 30s and two teens, the ministry said Sunday. Japan was working with …

SINGAPORE — The increasing regulatory scrutiny of Alibaba-affiliate and financial technology powerhouse Ant Group could be bad for the Chinese economy as well as China’s financial technology sector, says Andrew Collier, managing director of Orient Capital Research. The highly-anticipated listing of Chinese tech giant Ant Group — which was set to be the world’s largest …

LONDON (AP) — So far, the large majority of British and EU citizens have not felt the realities of Brexit. Though the U.K. left the European Union on Jan. 31, it follows the bloc’s rules until the end of this year as part of a transition period to the new economic relationship. That’s all set …

China has launched an antitrust investigation into Alibaba Group and will summon the technology giant’s Ant Group affiliate to meet in the coming days, regulators said on Thursday, in the latest blow for Jack Ma’s e-commerce and financial technology empire. The probe is part of an accelerating crackdown on monopolistic behaviour in China’s booming internet …

Stocks closed well off their highs and the Nasdaq turned negative during a late-day slide on Wednesday. The S&P 500 did snap a three-day losing streak, and the small cap Russell 2000 closed at a record high. Tensions were high in Washington as President Trump vetoed a defense spending bill and called for changes to …

The JP Morgan Chase & Co. headquarters, The JP Morgan Chase Tower in Park Avenue, Midtown, Manhattan, New York. Tim Clayton – Corbis | Corbis Sport | Getty Images SINGAPORE — While there’s “nothing new” to sustainable investing, technology has made it easier to state the financial case for considering non-financial metrics, according to JPMorgan. …

The pace of weekly jobless claims jumped last week after filings caught up with a decline due in part to the Thanksgiving holiday. First-time claims for unemployment insurance totaled 853,000, an increase from the upwardly revised 716,000 total a week before, the Labor Department reported Thursday. Economists surveyed by Dow Jones had been expecting 730,000. …

Shares in China’s biggest online health care platform have risen 50% in their Hong Kong stock market debut, reflecting investor enthusiasm for the fledgling industry as the country emerges from the coronavirus pandemic By JOE McDONALD AP Business Writer December 8, 2020, 7:03 AM • 3 min read Share to FacebookShare to TwitterEmail this article …