Tag: china
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WTO cuts 2016 world trade growth forecast to 1.7 percent, cites wake-up call
The World Trade Organization cut its forecast for global trade growth this year by more than a third on Tuesday, reflecting a slowdown in China and falling levels of imports into the United States. The new figure of 1.7 percent, down from the WTO's previous estimate of 2.8 percent in April, marked the first time…
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Working, eating and sleeping at the office
The sight of workers sleeping on the job is common in China, where a surplus of cheap labor can lead to downtime and employees at startup companies work long hours.
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Yahoo will not spin off Alibaba stake, weighs core business sale: CNBC
SAN FRANCISCO/BENGALURU (Reuters) – Yahoo Inc is weighing a sale of its core Internet business and will not sell its stake in Chinese e-commerce firm Alibaba Group Holding Ltd , CNBC reported, with an announcement coming as soon Wednesday. The moves represent a stark rejection of Chief Executive Officer Marissa Mayer's plan to sell the…