Business Times is a digital global news publication that provides comprehensive coverage and analysis of the most important business, economic, financial, political and technological issues from China and around the world.

16 hours ago · A federal judge has temporarily blocked the Trump administration's plan to implement a mass federal employee buyout, pausing a controversial initiative that would allow workers to resign while receiving full pay through September. The decision, handed down by U.S. District Judge George O'Toole Jr. in Massachusetts, halts enforcement of the administration's so-called "Fork in the Road ...

Jan 30, 2025 · The Federal Reserve kept interest rates unchanged on Wednesday, pausing potential cuts as it assesses inflation and the broader economic landscape under President Donald Trump's second term. The decision, which leaves borrowing costs at a range of 4.25% to 4.5%, is expected to intensify tensions between the central bank and the White House, as Trump has repeatedly pushed for lower rates.

Jan 28, 2025 · "Japan has slipped into a recession, leading to the loss of its position as the world's third-largest economy-a title now held by Germany. This shift comes as Japan's Gross Domestic Product (GDP) shrank at an annualized pace of 0.4% in the final quarter of 2023, as reported by the Cabinet Office.

6 days ago · Inflation remained stubbornly above the Federal Reserve's 2% target to close out 2024, with core prices holding steady at 2.8%, according to Commerce Department data released Friday. The personal consumption expenditures (PCE) price index, the Fed's preferred inflation gauge, increased 2.6% year-over-year in December, rising from November's 2.4% reading.

Jan 27, 2025 · Economists and analysts pointed to deeper structural challenges beyond the seasonal lull. Despite a late-2024 surge in exports and stimulus measures that helped China meet its 5% growth target for the year, the economy remains vulnerable to weak domestic demand, a struggling property sector, and deflationary pressures.

Jan 31, 2025 · The United States stands on the brink of a major trade shake-up as President Donald Trump prepares to impose sweeping 25% tariffs on all imports from Canada and Mexico. The move, set to take effect as early as Saturday, threatens to disrupt nearly $1.6 trillion in annual trade and drive up prices on a broad range of goods, from gasoline and groceries to automobiles and electronics.

Jan 18, 2025 · National monuments in California were designated by Biden, Cuba was removed from the list of state sponsors of terrorism, a Japanese company's takeover of U.S. Steel was blocked, nearly one million immigrants were granted temporary protected status, the sentences of nearly everyone on federal death row were commuted, and a sweeping pardon was granted to his son Hunter, according to the Post.

The Business Times is a trusted source of real-time news, intelligence and analysis on the forces reshaping global and national economy. Business Times, is a digital global news publication which initially founded in 2009 and headquartered in Beijing, and moved the operation to New York City in March, 2020.

Jan 11, 2025 · The Supreme Court on Friday appeared poised to uphold a controversial law that could ban TikTok in the United States unless its Chinese parent company, ByteDance, divests ownership. During over two hours of oral arguments, the justices examined the law through the lens of national security and free speech, signaling a …