China dropped a numerical target for urban job creation over the next five years for the first time in decades, in an apparent nod to rising uncertainty over employment as AI spreads through the economy.
China dropped a numerical target for urban job creation over the next five years for the first time in decades, in an apparent nod to rising uncertainty over employment as AI spreads through the economy.
Chinese provinces are nearing a milestone in Beijing’s plan to refinance their crushing debts, allowing local officials to refocus efforts on raising funds for infrastructure projects despite limited room to offer more support to the economy.
Chinese provinces are nearing a milestone in Beijing’s plan to refinance their crushing debts, allowing local officials to refocus efforts on raising funds for infrastructure projects despite limited room to offer more support to the economy.
The increase in China’s industrial profits softened for the first time since November, suggesting that strong exports and price gains failed to offset the drag from tepid domestic demand.
The increase in China’s industrial profits softened for the first time since November, suggesting that strong exports and price gains failed to offset the drag from tepid domestic demand.
A worker on the production line at a Ningbo Shenglong factory in Ningbo, China. Photographer: Qilai Shen/Bloomberg
China narrowed its cumulative fiscal deficit for the first time in more than two years, pressing ahead with austerity despite muted domestic demand and slowing economic growth.
China narrowed its cumulative fiscal deficit for the first time in more than two years, pressing ahead with austerity despite muted domestic demand and slowing economic growth.
Wes Streeting, the Labour lawmaker who’s said he may seek to topple UK Prime Minister Keir Starmer this summer, set out a leadership pitch centered on economic growth and defended bond investors in an effort to differentiate himself from front-runner Andy Burnham.
Wes Streeting, the Labour lawmaker who’s said he may seek to topple UK Prime Minister Keir Starmer this summer, set out a leadership pitch centered on economic growth and defended bond investors in an effort to differentiate himself from front-runner Andy Burnham.
Wes Streeting delivers a speech in London, on June 16.
China’s consumer spending may have contracted for the first time since the pandemic, a setback that would extend a slowdown in an economy whose momentum is faltering despite booming trade.
China’s consumer spending may have contracted for the first time since the pandemic, a setback that would extend a slowdown in an economy whose momentum is faltering despite booming trade.
A shopper pays for a snack at a stall in the Nanjing East Road shopping area in Shanghai, China, on Friday, May 1, 2026. China is seeing signs of a return of inflation as the Iran war pushes up energy costs but will need more sustainable price gains to fully turn around deflationary pressures, according to an International Monetary Fund official.
China’s credit expansion slowed in May from a year earlier, as private demand remained subdued even though regulators pushed banks to lend more.
Shoppers pass an advertisement for the iPhone 17 Pro in the Xintiandi area in Shanghai, China, on Thursday, Feb. 19, 2026. Feb. 17 marked the start of the Year of the Fire Horse, a period in the lunar calendar defined by bold energy and decisive action, according to the Chinese zodiac.
The UK’s Labour government will strengthen efforts to drive institutional funds into British tech companies, Technology Secretary Liz Kendall said, as she pledged more backing for the country’s artificial intelligence sector.
The UK’s Labour government will strengthen efforts to drive institutional funds into British tech companies, Technology Secretary Liz Kendall said, as she pledged more backing for the country’s artificial intelligence sector.
Liz Kendall at London Tech Week, on June 9. Photographer: Jose Sarmento Matos/Bloomberg
The UK’s Labour government will strengthen efforts to drive institutional funds into British tech companies, Technology Secretary Liz Kendall said, as she pledged more backing for the country’s artificial intelligence sector.
The UK’s Labour government will strengthen efforts to drive institutional funds into British tech companies, Technology Secretary Liz Kendall said, as she pledged more backing for the country’s artificial intelligence sector.
Liz Kendall at London Tech Week, on June 9. Photographer: Jose Sarmento Matos/Bloomberg
Keir Starmer picked Dan Jarvis as the UK’s defense secretary, as the embattled prime minister tries to reassert control and prevent John Healey’s exit from worsening a leadership crisis at the ruling Labour Party.
Keir Starmer picked Dan Jarvis as the UK’s defense secretary, as the embattled prime minister tries to reassert control and prevent John Healey’s exit from worsening a leadership crisis at the ruling Labour Party.
Dan Jarvis, speaks at the NCSC headquarters on October 14, 2025 in London. Photographer: Peter Nicholls/Getty Images
Alastair Campbell and Jacob Rees-Mogg share little common ground on Britain’s decision to leave the European Union a decade ago — except both agree a second vote to join is unlikely in the near future.
Alastair Campbell and Jacob Rees-Mogg share little common ground on Britain’s decision to leave the European Union a decade ago — except both agree a second vote to join is unlikely in the near future.
A pro-Brexit banner outside the Houses of Parliament in London in 2019.
Britain should set out a path for more Chinese investment as relations between the two countries normalize, Foreign Minister Wang Yi said while welcoming his counterpart Yvette Cooper.
Britain should set out a path for more Chinese investment as relations between the two countries normalize, Foreign Minister Wang Yi said while welcoming his counterpart Yvette Cooper.
Keir Starmer and Xi Jinping ahead of their meeting in Beijing, in January.. Photographer: Carl Court/AFP/Getty Images
The UK could miss its goal of adding 1.5 million new homes in the current parliamentary term by at least 40%, according to a report by Bloomberg Intelligence that urges the government to ramp up efforts to stimulate demand and help developers.
The UK could miss its goal of adding 1.5 million new homes in the current parliamentary term by at least 40%, according to a report by Bloomberg Intelligence that urges the government to ramp up efforts to stimulate demand and help developers.
A worker passes roof frame timber for new houses on a Countryside Homes housing development in Harlow, UK, on Thursday, March 13, 2025. Interest-rate cuts, wage growth and stagnant home prices have begun to marginally improve affordability, boosting confidence that housing output will start to recover from the plunge offset by the end of the cheap-money era.
China’s credit expansion slowed far more than expected from a year earlier in April while banks extended less new loans, underscoring unusually anemic borrowing demand even for a typically slow month for lending.
China’s credit expansion slowed far more than expected from a year earlier in April while banks extended less new loans, underscoring unusually anemic borrowing demand even for a typically slow month for lending.
Chinese households picked up their pace of spending over the recent Labor Day extended holiday weekend, according to preliminary figures economists are assessing for a turnaround from a disappointing March.
Chinese households picked up their pace of spending over the recent Labor Day extended holiday weekend, according to preliminary figures economists are assessing for a turnaround from a disappointing March.
Visitors in the Nanjing East Road retail area in Shanghai, China, on Friday, May 1, 2026. China is seeing signs of a return of inflation as the Iran war pushes up energy costs but will need more sustainable price gains to fully turn around deflationary pressures, according to an International Monetary Fund official.
Britons will head to the polls on Thursday for one of the most consequential rounds of local elections in memory, with control of the Scottish and Welsh parliaments and more than half of England’s councils at stake.
Britons will head to the polls on Thursday for one of the most consequential rounds of local elections in memory, with control of the Scottish and Welsh parliaments and more than half of England’s councils at stake.
The Green Party is seeking to reduce the UK’s borrowing costs by tackling the climate crisis and reducing inequality, its leader Zack Polanski said a day before England-wide local elections at which his party is predicted to make strong gains.
The Green Party is seeking to reduce the UK’s borrowing costs by tackling the climate crisis and reducing inequality, its leader Zack Polanski said a day before England-wide local elections at which his party is predicted to make strong gains.
The UK could slip into recession later this year and be forced to hike interest rates aggressively to contain inflation if the Middle East crisis worsens, the National Institute of Economic and Social Research warned.
The UK could slip into recession later this year and be forced to hike interest rates aggressively to contain inflation if the Middle East crisis worsens, the National Institute of Economic and Social Research warned.
Moody’s Ratings revised China’s credit outlook to stable from negative, an expression of confidence in the economy as the government copes with risks stemming from its swelling debt load.
Moody’s Ratings revised China’s credit outlook to stable from negative, an expression of confidence in the economy as the government copes with risks stemming from its swelling debt load.
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