"Headline rates of inflation across most of the world’s economies have fallen sharply since the autumn but core rates — which exclude volatile categories such as energy and food — remain at or close to multi-decade highs."
"The so-called double reduction policy in China has aimed since 2021 to limit homework and after-school tutoring and makes it illegal to teach core subjects, such as Chinese, English and maths, outside school for profit. In cities such as Shanghai, Shenzhen and Beijing, however, parents find a way."
"Germany’s twoyear government bond yield fell 13 basis points to 3.09 per cent, while the euro fell 0.6 per cent against the dollar to $1.089. European stocks also dropped following the data, ending their worst week since March."
"But, outside the European single market, Britain suffers from an exaggerated version of the problems of scale that are hobbling the EU itself. British industry is already falling behind, as a result."
"One of the core principles of Xi’s ideology is to achieve the “Chinese dream of the great rejuvenation of the Chinese nation”, which is understood by many analysts to include replacing US “hegemony” with a multipolar world order in which a more assertive China wields significant global"
" investors are “still waiting for a credible supply side strategy”. In its absence, as the recent data shows, “any growth at all . . . is quite inflationary”"
“While the revision appears to make the definition of the sexual offence explicit, there are still areas that make it unclear which actions should be penalised,”
"Analysts at Nomura forecast that this could amount to an extra Rmb500bn ($70bn) of LGSBs, on top of the untapped portion of this year’s annual quota of Rmb1.86tn."
"This means that according to the monetary arrangements of the gold standard system, gold will be transferred via their central banks from the deficit country to the surplus country, thus reducing the money supply and the general price level in the former, improving its relative competitiveness, an"
"But my daughter’s wide-eyed thrill as tensions mounted at the fictional North Shore High seemed slightly bittersweet, given the real-life social terrors being visited daily on teenagers via the WhatsApp groups that organise their friendships."
“Until markets reach a new all-time high, it’s impossible to know whether the bear market trough — the ultimate low of the market cycle — is behind us. We recommend investors continue to exercise caution.”
"It unveiled something that is both more familiar and more sophisticated than what came before, and rendered today’s virtual worlds even less enticing."
"C3, for instance, has blamed a slump in the remaining revenue due from its existing contracts — usually an important indicator — on the fact that it is switching to usage-based pricing."
"“Syriza is very much associated with Tsipras,” said Kalyvas, because he was the one who led the party out of marginal obscurity and into power. “At the same time, he has been perceived as a political loser. For politics this is fatal.” "
"The result is usually a social explosion and political disintegration, with Turchin’s models suggesting that such structural shifts typically occur about every 100 years in complex societies."