Wed, 28 Sep 2022

Deutsche Bank analyst warns Bank of England to raise rates

FRANKFURT, Germany: Deutsche Bank analyst George Saravelos said the Bank of England must raise interest rates as early as next ...

Shortage of materials, inflation slow Japanese factory output

TOKYO, Japan: As Japanese firms are coping with a global economic slowdown and high energy and raw material costs exacerbated ...

Stocks in U.S. mixed Tuesday, U.S. dollar rally extends

NEW YORK, New York - Stocks were choppy on global markets Tuesday as investors struggled with a slew of bad ...

After end to Covid aid, Canada has $4.67 billion budget surplus

OTTAWA: Canada's finance ministry has said that partly due to higher tax revenues and the end of COVID-19-related benefits, the ...

Bond sell-off spreads, US dollar rises

LONDON, England: If worldwide government bond losses continue, 2022 marks the worst year since 1949 as investor sentiment falls to ...

Sterling firms, Asian stock markets strengthen

SYDNEY, NSW, Australia - Stocks in Asia were mostly stronger on Tuesday after the heightened volatility of the previous day.Markets, ...

Labor shortages forcing UK to take in more foreign workers

LONDON, England: To tackle labour shortages in key industries, British Prime Minister Liz Truss is set to review the country's ...

Antonio Guterres agrees to hold donors' conference to help Pakistan: Shehbaz

ISLAMABAD, Pakistan - Prime Minister Shehbaz Sharif has stated that Pakistan may need to import over a million tonnes of ...

U.S. stock markets slide amidst turmoil on currency and bond markets

NEW YORK, New York - U.S. stocks had a choppy day Monday, which was marred by severe gyrations in bond ...

100th anniversary of renowned Hollywood sign calls for repaint

HOLLYWOOD, California: Ahead of its 100th anniversary, the world famous Hollywood sign on Mount Lee overlooking Los Angeles is being ...

US Senate targets Facebook, Google for money shared with news groups

WASHINGTON D.C.: The U.S. Senate Judiciary Committee has approved a bill that will allow news organizations to jointly negotiate with ...

Financial crisis hits Asian markets, British pound collapses

SYDNEY, NSW, Australia - An extraordinary plunge in the British pound to an all-time low on Monday has spooked investors, ...

1.1 million Teslas in U.S. recalled for software update

AUSTIN, Texas: Due to increased risks caused by a fault in its automatic window reversal system, electric vehicle maker Tesla ...

Surging costs to result in vegetable shortages, says EU farmers

PARIS, France: Throughout northern and western Europe, vegetable producers are considering not planting crops due to the financial effects of ...

Asian Development Bank cuts Asia growth forecast

MANILA, Philippines: Amidst increased central bank monetary tightening, Russia's invasion of Ukraine and COVID-19 lockdowns in China, the Asian Development ...

Stock falls after Gap cuts 500 corporate jobs

SAN FRANCISCO, California: Amidst declining margins and weak sales of outdated clothes of its brands, including Old Navy and Banana ...

Many forced out as US rental apartments jump 10% in price

WASHINGTON D.C.: Young workers in the U.S. have been the group most harmed by surging rental prices, with many taking ...

US to allow more tourist flights to Cuba

WASHINGTON D.C.: The U.S. Transport Department has announced that the Biden administration has approved the expansion of U.S. flights to ...

McDonald's Russian successor planning full reopening in 2022

MOSCOW, Russia: After battling supply chain issues, potato shortages and a heftyrebranding job, the successor to McDonald's in Russia, Vkusno ...

Global financial markets in disarray, British pound plunges

NEW YORK, New York - U.S. and global stocks continued falling Friday in a dismal end to the week. The ...

UK caps energy prices for businesses this winter

LONDON, England: Businesses struggling with soaring energy costs have welcomed the British government's move to cap wholesale electricity and gas ...

U.S. S&P 500 drops to new low for year amid rising interest rates

© Provided by Xinhua "People are concerned about the Federal Reserve, the direction of interest rates, the health of the ...

Rupee depreciates to new lifetime low; stocks decline for sixth day

New Delhi [India], September 28 (ANI): Continuing with the consistent depreciation, the rupee slipped further from the recent low and ...

ED arrests Sameer Mahendru in Delhi Excise Policy case

By Rajnish SinghNew Delhi [India], September 28 (ANI): The Enforcement Directorate on Wednesday arrested Sameer Mahendru, an accused in its ...

Lowly teams clash as Pirates, Reds meet for final time of season

The Pittsburgh Pirates have the visiting Cincinnati Reds somewhat on the ropes going into the final meeting of a three-game ...

Three-day RBI monetary policy meet starts today; another repo rate hike likely

Mumbai (Maharashtra) [India], September 28 (ANI): The monetary policy committee of the Reserve Bank of India is all set for ...

Patience is running out, says UN envoy on engagement with Taliban

New York [US], September 28 (ANI): Patience is running out for many in the international community when it comes to ...

SC to hear pleas challenging constitutional validity of demonetisation today

New Delhi [India], September 28 (ANI): The Constitution Bench of the Supreme Court will hear today pleas challenging the centre's ...

Hospital to appeal $28.5M verdict for former Giants RB Michael Cox

The Hospital for Special Surgery plans to appeal a $28.5 million verdict in favor of former New York Giants running ...

"Price of oil is breaking our back", says Jaishankar; calls for 'softening' up of stressed energy markets

Washington [US], September 27 (ANI): External Affairs Minister S Jaishankar on Tuesday said that developing countries were deeply concerned about ...

Pakistan spends USD 450 million on F-16 package from US, amid USD 28 billion economic loss due to floods

Islamabad [Pakistan], September 27 (ANI): While Pakistan at UNGA recently urged the international communities to help it with economic losses ...

Not again: Why another federal election may be on the horizon in Canada

The recent selection of Pierre Poilievre as Conservative leader and Justin Trudeau's announcement that he will lead the Liberals into ...

SC constitution bench to hear pleas challenging Centre's decision to demonetise Rs 500, 1,000 notes in 2016

New Delhi [India], September 27 (ANI): The Supreme Court on Wednesday will hear pleas challenging the centre's decision to demonetise ...

Ethiopian coffee garners popularity among Chinese consumers

© Provided by Xinhua The increasing number of consumers and growing popularity of Ethiopia's coffee among the Chinese people is ...

Real estate sector well-placed to absorb RBI's another rate hike, says Anarock

New Delhi [India], September 27 (ANI): With the inflationary pressures evident across the globe, many countries have been witnessing back-to-back ...

Sensex, Nifty rangebound after four straight sessions of slump

Mumbai (Maharashtra) [India], September 27 (ANI): The Indian stock market's key indices, Sensex and Nifty, were rangebound with positive bias ...

Eurozone economic growth may drop to zero ECB

Economic output has been suffering due to rising energy costsEurozone economic growth has slumped and could soon wind down to ...

How we accidentally planned the desertion of our cities

COVID-19 may have kick-started the decline of the Australian CBD, but our newly published research shows how planning decisions had ...

Indian solar brand Goldi Solar pledges Rs 5,000 cr investments in renewable space

New Delhi [India], September 27 (ANI): Multi-national solar energy solutions provider Goldi Solar has announced it plans to infuse over ...

Indian stocks rise after fourth straight day of sharp slump

New Delhi [India], September 27 (ANI): Snapping four straight sessions of sharp losses, Indian stocks again gained some momentum in ...

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Peking Press.

More Information
24
Fair in Beijing

China

Section
Canada names first woman ambassador to China

OTTAWA, Canada: Canada has appointed Jennifer May as its first female ambassador to China, taking over a role that has ...

Asian Development Bank cuts Asia growth forecast

MANILA, Philippines: Amidst increased central bank monetary tightening, Russia's invasion of Ukraine and COVID-19 lockdowns in China, the Asian Development ...

Hong Kong expected to reduce strict COVID-19 quarantine policy

HONG KONG: To keep the city connected with the rest of the world, while ensuring an "orderly opening-up," Hong Kong ...

In Asia, Harris Slams China's Intimidation and Coercion

tokyo - U.S. Vice President Kamala Harris blasted China's foreign policy Wednesday in aHarris made the comments in an address ...

China aims to scuttle Sudan-UAE port deal

Khartoum [Sudan], September 28 (ANI): The United Arab Emirates (UAE) is set to build a new port in the Red ...

GLOBALink | Giant stone carving murals discovered in Henan, C China

© Provided by Xinhua © Provided by Xinhua

Movie Review

Featured story

Abbott Ireland announces expansion plans, new jobs

DONEGAL, Ireland - Announcing plans to expand its workforce in Donegal, the U.S. healthcare giant Abbott unveiled plans to create 500 new jobs in the country.Abbott Ireland currently hires c ...

Read More