Severe flooding in China are hurting the profits of insurance companies, and highlight the shortfalls of the country’s natural disaster insurance system.
Chinese regulators have released new rules for the technology sector from antitrust to data protection. Tencent’s president believes there could be more.
The doubling of Wall Street’s S&P 500 index from its March 2020 level is not on indication of economic health but an expression of the parasitism resulting from the Fed’s trillions of dollars of financial support.