Economy
German family businesses desperately seeking buyers
The Scharringhausen deli has been selling fine foods and wines in northern Germany for 160 years, but its future is in doubt as it struggles to find a buyer to take over the business. - Buyers wanted - According to a recent study by Commerzbank, one in three German companies with annual sales of up to 15 million euros are currently struggling to find buyers.
Asian markets hit by dimming US rate hopes, Taiwan quake
Asian markets tumbled Wednesday as investors grow increasingly sceptical that the Federal Reserve will cut interest rates as much as hoped this year, while a massive earthquake in Taiwan added to the sense of gloom.
US-China economic flashpoints in Yellen's China trip
Since US Treasury Secretary Janet Yellen visited Beijing last year, the world's two biggest economies have resumed regular talks and averted major escalations in tensions. When Yellen visits Guangzhou city in her upcoming trip, she is expected to meet with representatives from US firms to hear their concerns.
Yellen to press China on 'unfair' trade practices during visit
US Treasury Secretary Janet Yellen leaves Wednesday for China, for the second time in less than a year to manage ties as Washington maintains a tough stance on Beijing ahead of November's election. The state-owned China Daily wrote in a recent editorial that Yellen is known for her "often pragmatic and relatively positive tone" in managing US-China ties.
Taylor Swift officially declared a billionaire by Forbes
Taylor Swift was officially named a member of the three-comma-club Tuesday, as Forbes confirmed rumors estimating her wealth exceeds a billion dollars. Along with her vast songwriting catalog, Swift staged the first billion-dollar tour ever -- the ongoing Eras Tour has boosted economies and delighted fans around the world.
Tesla reports drop in auto sales, while Toyota sees US surge
Tesla reported sharply lower first-quarter auto sales on Tuesday amid an underwhelming demand outlook for electric vehicles, while legacy players including Toyota rode improved US inventories to higher sales. At Toyota, US auto sales for the quarter jumped 20.3 percent to 565,098.
World Bank estimates damage to Gaza critical infrastructure at $18.5 bn
The World Bank says the Israel-Hamas war has caused damage of around $18.5 billion to Gaza's critical infrastructure, according to a new report published Tuesday.
US Fed official predicts higher long-term interest rates
A senior Federal Reserve official confirmed Tuesday that she recently raised her prediction for interest rates over the longer term due to the enduring strength of the US economy.
Kyrgyzstan to stop accepting Russian payment cards
Kyrgyzstan will stop accepting Russia's Mir payment cards amid concerns it could expose the country's financial sector to Western sanctions, the national payments operator said Tuesday. It cited the US Treasury's decision to sanction the Russia's National Card Payment System, the Mir operator, in February.
Economy
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