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‘Zero-cost’ lifestyle: China cash-strapped youth embrace thrifty living for mental relief — South China Morning Post
NewBusiness•27m
•1 min read

‘Zero-cost’ lifestyle: China cash-strapped youth embrace thrifty living for mental relief

A growing number of young people in China are embracing a “zero-cost” lifestyle, seeking out free perks, complimentary gifts, and trial services. Across mainland social media, tens of thousands of posts share tips on scoring free samples at shopping malls or booking test drives with no intention of...

Marcus ChenMarcus Chen
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G20 talks expose deep rift as Russia stays defiant while Rubio pursues sideline diplomacy — South China Morning Post
NewBusiness•42m

G20 talks expose deep rift as Russia stays defiant while Rubio pursues sideline diplomacy

Russia showed no sign on Friday of softening its stance on Kyiv as G20 foreign ministers opened talks in the United States, with the Ukraine and Iran wars deepening rifts between the sprawling forum’s members. Sharp disagreements emerged around the table, with EU foreign policy chief Kaja Kallas...

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Dark past of Japan’s Unit 731 buried under airport expansion — South China Morning Post
NewBusiness•57m

Dark past of Japan’s Unit 731 buried under airport expansion

A village that sent hundreds of men to one of imperial Japan’s most notorious wartime units is being demolished to make way for a runway at Tokyo’s Narita International Airport. Unit 731 carried out lethal experiments on captives, many of them Chinese, to develop biological weapons during the...

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Poland deploys riot police, as court chief’s ousting sparks crisis — South China Morning Post
Business•2h

Poland deploys riot police, as court chief’s ousting sparks crisis

Poland’s President Karol Nawrocki called off a visit to Africa in mid-flight, as riot police deployed around the country’s constitutional court on Friday following the suspension of its chief justice in a battle between the centrist government and the nationalist right. Dozens of police guarded the...

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Gold bars and coins representing the precious metal market
Business•4h

Why gold plunged to its lowest price in a year despite renewed Iran jitters

On a brisk Tuesday morning in New York City, gold traders watched the market in disbelief as the price of gold plummeted to its lowest point in a year. The precious metal, often viewed as a safe haven during global turmoil, fell sharply despite rising tensions in the Middle East following the U.S....

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Russia’s top independent newspaper Novaya Gazeta shuts under Kremlin pressure — South China Morning Post
Business•5h

Russia’s top independent newspaper Novaya Gazeta shuts under Kremlin pressure

Russia’s flagship independent newspaper Novaya Gazeta announced on Friday it was closing, saying it had been “killed” by state pressure after years of repression targeting its journalists whose reporting was critical of the Kremlin and its Ukraine war. The closure of Novaya Gazeta – one of the last...

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The Fed held interest rates steady, but these officials see more hikes coming soon — MarketWatch
Business•6h

The Fed held interest rates steady, but these officials see more hikes coming soon

Dallas Fed’s Lorie Logan sees “at least” 50 basis points in additional hikes.

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Caregivers are now spending more than $11,000 a year out of pocket—up 60% in five years — MarketWatch
Business•6h

Caregivers are now spending more than $11,000 a year out of pocket—up 60% in five years

An AARP study shows the financial sacrifices families make and their long-term impacts.

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$6.3bn in 30 minutes: how the world’s biggest heist unfolded — Financial Times
Business•7h

$6.3bn in 30 minutes: how the world’s biggest heist unfolded

North Korean hackers’ attack on Binance takes crypto theft to an unprecedented scale

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Carney expects to conclude talks on making Canada EU’s first associate member in June — South China Morning Post
Business•7h

Carney expects to conclude talks on making Canada EU’s first associate member in June

Canadian Prime Minister Mark Carney said on Friday he expects to conclude negotiations with the European Union in June on an unprecedented partnership that would make Canada the bloc’s first “associate member”, even though the designation was left out of a joint declaration launching a new economic...

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Microsoft is winning the cloud wars and becoming Wall Street’s new golden child — MarketWatch
Business•8h

Microsoft is winning the cloud wars and becoming Wall Street’s new golden child

Various factors indicate that Microsoft is in a better financial position than its cloud rivals, analysts say.

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American workers are finding their take-home pay isn’t keeping up with inflation, with their wallets ‘stretched thinner and thinner’ — MarketWatch
Business•8h

American workers are finding their take-home pay isn’t keeping up with inflation, with their wallets ‘stretched thinner and thinner’

Worker compensation grows slower than inflation for second straight quarter

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Social Security’s fate — and your benefits — are in the hands of the candidates elected this year — MarketWatch
Business•9h

Social Security’s fate — and your benefits — are in the hands of the candidates elected this year

The program is expected to run out of money in the next six years, which is the same amount of time as a senator’s term.

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