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Calls grow for China's household sector to be bigger economic driver
Advisers urge China to prioritise consumers in next policy planChina lags the world with household consumption at 40% of GDPSome Beijing advisers want that share to rise above 50% by 2035Reform proposals similar to last decade's unfulfilled promisesBy Kevin Yao BEIJING, July 7 (Reuters) - Chi...Reuters
Mon, Jul 7
US President Trump warns of an additional 10% tariff on nations aligned with BRICS
US President Donald Trump said in his social media tweet early Monday, “I am pleased to announce that the UNITED STATES TARIFF Letters, and/or Deals, with various Countries from around the World, will be delivered starting 12:00 P.M. (Eastern), Monday, July 7th.Fxstreet
Mon, Jul 7
Israel carries out ‘intense’ strikes on Houthi targets in Yemen
Israel stated late Sunday that the country’s military had attacked Houthi targets at three ports and a power plant in Yemen. Defence Minister Israel Katz confirmed the attack, saying they were carried out due to repeated attacks by the Iranian-backed rebel group on Israel.Fxstreet
Sun, Jul 6
US close to several trade deals, announcements to be made in next days, Bessent says
WASHINGTON, July 6 (Reuters) - The United States is close to reaching agreements on several trade deals ahead of a July 9 deadline when higher tariffs kick in, U.S. Treasury Secretary Scott Bessent said on Sunday, predicting several big announcements in coming days.Bessent told CNN's "State ...Reuters
Sun, Jul 6
South Korea prosecutors file request to detain ex-president Yoon
SEOUL, July 6 (Reuters) - South Korea's special prosecution team on Sunday filed a request to detain former President Yoon Suk Yeol on charges related to insurrection from when he declared martial law last year, the prosecutor's office said in a statement. Yoon's martial law decree on De...Reuters
Sun, Jul 6
BRICS finance ministers make unified proposal for IMF reforms
By Lisandra Paraguassu RIO DE JANEIRO, July 5 (Reuters) - Finance ministers from the BRICS group of developing nations called on Saturday for reform of the International Monetary Fund, including a new distribution of voting rights and an end to the tradition of European management at the helm.The...Reuters
Sun, Jul 6
Trump to sign major tax-cut and spending bill into law on Friday
July 4 (Reuters) - President Donald Trump is scheduled to sign a massive package of tax and spending cuts into law at a ceremony at the White House on Friday, one day after the Republican-controlled House of Representatives narrowly approved the legislation.The bill, which will fund Trump's immi...Reuters
Fri, Jul 4
BoE's Taylor says better to cut rates now than risk waiting
July 4 (Reuters) - Bank of England policymaker Alan Taylor said on Friday that he thought it would be better to cut interest rates now rather than wait and risk needing to cut them in a hurry.Taylor said he expected Bank Rate to fall to "around 3%" by the end of next year if the BoE's in...Reuters
Fri, Jul 4
