China Rolls Out Subsidized Consumer Loans to Boost Spending

China Rolls Out Subsidized Consumer Loans to Boost Spending

Eligible consumption loans will receive a 1 percentage point interest subsidy from Sept. 1, 2025, through Aug. 31, 2026. China launched a yearlong program to subsidize household consumer loans, part of a nationwide effort to cut borrowing costs and spur spending as...
China / EU Trade:  China Retaliates with High Tariffs on Pork

China / EU Trade: China Retaliates with High Tariffs on Pork

EU’s new Trade War with China:  Pork According to the Financial Times China has imposed preliminary anti-dumping duties of up to 62 per cent on European pork in a move seen as retaliation for the EU’s tariffs on Chinese electric vehicle imports. China’s commerce...
Salesforce Eliminates 4,000+ Roles as AI Agents Reshape Workforce

Salesforce Eliminates 4,000+ Roles as AI Agents Reshape Workforce

Salesforce recently cut 4,000 customer support jobs, reducing its support workforce from about 9,000 to 5,000. This move was driven by a major push to integrate AI into its support operations. CEO Marc Benioff confirmed the layoffs were possible because AI agents,...