This suppressed spending on travel, restaurants and leisure activities. A spokeswoman for China’s statistics bureau Liu Aihua told reporters the economy should continue its recovery. China was the only major economy last year to report positive growth, with an expansion of 2.3%.
- But OSHA also gave employers some leeway, pushing back full enforcement of the rule until February.
- The agreement comes as OpenAI has been striking several deals with high-profile media companies in the US and Europe in recent weeks, including The Financial Times, Dotdash Meredith and social media firm Reddit, to display and license content.
- Renewable energy company SunCable has its eyes on a site in Tasmania to manufacture an undersea power cable from the NT to Singapore, but a requirement for a 200-metre-high tower means the factory would host the state’s tallest structure.
- The airline also said it hoped to restore most of its route network and return to typical productivity levels by the end of next year.
In what had long been celebrated every May 30 to honor America’s fallen soldiers, Memorial Day officially became a federal holiday in 1971, observed on the last Monday in May. Senator Bernie Sanders at a rally with striking Kellogg workers on Friday. Union members at four Kellogg cereal plants will vote on a second contract offer. Mr. Weidmann, a former financial adviser to Angela Merkel when she was Germany’s chancellor, was one of the most conservative voices on the E.C.B. board, a champion among central bank hawks who prefer tighter fiscal policies. Citigroup sent a memo to its staff in New York and New Jersey giving them the option to work from home through the holidays given the surge in cases in the New York metropolitan area.
Foreign investors’ confidence in China surges in Q1
A record was broken ahead of the Memorial Day weekend for the number of airline travelers screened at U.S. airports. Joachim Nagel, left, in 2016 next to Jens Weidmann, whom he will succeed as the head of Germany’s central bank, the Bundesbank. Germany names a career central banker, Joachim Nagel, to head the Bundesbank. The rapid spread of the Omicron variant has seemingly bolstered the Biden administration’s argument in favor of a vaccine mandate for large businesses. CNN’s announcement is part of a wave of large companies hitting the brakes on returning to the office, for many triggering uneasy feelings of déjà vu of the early pandemic.
Stocks rebounded as much as 1.8 percent in early trading after the Commerce Department reported that gross domestic product — the broadest measure of the goods and services produced — expanded 1.7 percent in the last three months of 2021. At an annual rate, the economy expanded at … Read More...
