China’s wealthy seek new ways to move money, avoid Xi Jinping’s redistribution policy

China's wealthy seek new ways to move money, avoid Xi Jinping's redistribution policy

China’s rich have changed their focus from making money to keeping it as President Xi Jinping introduces new measures to redistribute wealth among a swell of support. The wealthy class in China has periodically felt the need to hide money from the government, but the recent “common prosperity” drive has caused a minor panic. The drive … Read more

Another Attempt to End ‘Remain in Mexico’ Immigration Policy

Another Attempt to End 'Remain in Mexico' Immigration Policy

WASHINGTON — The Biden administration is making another attempt to end a Trump-era immigration program that a court ordered be reinstated, offering a more detailed description about the “benefits and cost” of forcing some asylum seekers to wait in Mexico while their cases are pending.“I have concluded that there are inherent problems with the program … Read more

European Central Bank holds policy steady despite soaring inflation

European Central Bank holds policy steady despite soaring inflation

European Central Bank President Christine Lagarde.Handout | Getty Images News | Getty ImagesThe European Central Bank decided Thursday to keep interest rates and its monetary policy stance unchanged despite ongoing inflationary pressures.The central bank had announced in September it would be buying less bonds off the back of surging consumer prices. Inflation in the euro … Read more