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Chinese prices deflate amid wider pressures on the economy

Consumer prices in China are falling rapidly as the country’s economy struggles to recover from pandemic-era turmoil. China’s consumer price index (CPI) fell 0.8% year-on-year in January, the biggest decline since 2009. According to multiple media outlets, deflation in the retail industry has continued for four months, while deflation in the wholesale industry has continued […]

Georgia considers requiring cash bail for a wider array of crimes

Georgia, which once touted itself as a leader in criminal justice reform, is slowly leaning back into its old closed-door ways. State senators on Thursday voted 30-17 to pass a resolution requiring cash bail for 30 additional crimes, 18 of which are always or frequently misdemeanors, in the Senate bill. 63, with just one House […]

BofA: NY Community Bancorp plunge isn't indicative 'of wider problem' – CNBC

Bank of America said New York Community Bancorp’s problems are unlikely to herald another banking crisis. New York CB stock plunged more than 37% on Wednesday, its worst day since going public in 1993. The brutal drop came after the bank reported a loss in the fourth quarter, a $552 million provision for credit losses […]

Israel-Hamas war threatens global shipping as risk of wider conflict intensifies

Shipping companies are diverting cargo from the Red Sea as Yemen's continued siege of Gaza intensifies attacks by Houthi rebels. Attacks by the Houthi rebels, officially known as Ansar Allah, are now sparking conflicts in other parts of the Middle East, with U.S. diplomats moving to reassure allies and prevent a broader conflict. ing. “If […]