Han Tao, the chairman of Goldenmax International Technology, has joined the ranks of the world’s billionaires following gains in the share price of his laminates supplier. Han, 54, and mother Cheng Aixian’s 69% stake in the company was worth 6.8 billion yuan, or $1.1 billion, at yesterday’s closing price of 35.37 […]
As I approached the park I could see the sun beaming between the trees, there were patches of grass and the dirt looked clay-like. The lot was full and the air was smoky from the dust which meant most of the cars had just parked. I was attending my first […]
IMF forecasts show that Britain could join a tiny group of European countries that have shrunk the size of their states dramatically. But it needn’t be this way
In the main parties’ election manifestos published this week, public spending is still public enemy number one. The Conservatives insist that a further
Square Enix have been teasing a new role-playing game announcement for a while. It turned out that the new game was in fact Star Ocean 5. Star Ocean is a broadly sci-fi themed action role-playing game series developed by tri-Ace. Originally envisaged by Yoshiharu Gotanda back in the 90s, fans will […]
Slowdown to annual rate of 7% highlights challenge of finding new growth drivers
A Q&A with Ashoka Fellow and urban water expert Andy Lipkis
China’s economy grew at an annual rate of 7.0% in the first three months of 2015, its slowest rate in six years
China’s economy grew at its slowest rate in six years in the first three months of this year, reinforcing bets that policymakers will be forced to introduce more stimulus measures.
Economic output grew 7% in the first quarter on an annual basis compared with a year ago, confirming expectations of slowing expansion. In the last quarter of 2014, the economy grew 7.3%.
Related: China’s economy: hard landing or welcome rebalancing?
The U.S. Senate, following last month’s bipartisan action by the U.S. House of Representatives, tonight overwhelmingly passed a repeal of Medicare’s controversial sustainable growth rate formula. The vote, by a whopping 92-8 vote in the Senate, will avert a 21 percent cut in Medicare payments to doctors while at the same […]
Chinese e-commerce titan Alibaba Group Holding will inject its online-pharmacy business into the company’s Hong Kong-listed healthcare arm in a HK $ 19.4 billion deal($ 2.5 billion), as the group seeks new opportunities in China’s fast growing healthcare sector. Alibaba Health Information Technology will issue shares and convertible bonds to acquire […]