By Kevin Yao and Ellen Zhang BEIJING (Reuters) – China’s economy showed signs of recovery in May after slumping in the prior month as industrial production rose unexpectedly, but consumption was still weak and underlined the challenge for policymakers amid the persistent drag from strict COVID curbs. The data, however, provides a path to revitalise…
BEIJING (AP) — China’s factory output rebounded in May, adding to a recovery from the latest COVID-induced economic slump after controls that shut down Shanghai and other industrial centers eased. Industrial production rose 0.7% over a year earlier, recovering from April’s 2.9% contraction, government data showed. Consumer spending edged up compared with April but was…
By Hadeel Al Sayegh and Saeed Azhar DUBAI (Reuters) – The prince who’s the international face of Saudi business may no longer be able to call all the shots. For years, Prince Alwaleed bin Talal, Saudi Arabia’s self-styled Warren Buffett, has made hundreds of millions of dollars by investing in companies from Citigroup to Uber…
