SINGAPORE - Extreme heat across large tracts of the Northern Hemisphere raised fears for crops in China, fueled forest fires in Portugal and Russia's Far East, forced flight cancellations in the Southwest US and melted pavement on roads in Britain. Wednesday marked the summer solstice-the longest day of the year-and forecasters said temperatures in Paris were expected to hit 37 C, Madrid could see 38 C and London was set for 34 C with warnings of thunderstorms. Rounding up the record temperatures set in the past two months, the World Meteorological Organization said Earth was experiencing ...
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2017
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Do you have a credit card debt? How healthy is your savings account? Which account boasts the biggest number?Nearly a quarter of US adults say they have no savings to tide them over in an emergency situation like an unexpected layoff, an expensive trip to the doctors or other big-ticket expenses, according to a new survey released by US financial services company Bankrate.This is despite experts' advice that people should aim to build a financial cushion to cover three to six months' worth of spending.Surprisingly, the New York-based portal says the survey results are actually good new...
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2017
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China's fiscal revenue recorded faster year-on-year growth in June, adding to signs of structural improvement of the world's second-largest economy.Fiscal revenue increased by 8.9 percent year-on-year to 1.7 trillion yuan ($251 billion) last month, accelerating from the 3.7 percent growth in May, according to the Finance Ministry.In the first six months, fiscal revenue increased by 9.8 percent year-on-year to 9.43 trillion yuan."Sound economic fundamentals supported faster growth of fiscal revenue in the first half," said Lou Hong, director-general of the Ministry of Finance&...
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2017
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When I entered Zheng Liangshui's house, I could hardly believe the 50-year-old farmer has been severely ill with cancer. That was because his well-furnished three-story home, containing a tricycle-trailer, a motorcycle and electrical appliances, indicated a decent standard of living for a rural resident. Appearances can be deceptive, though. In truth, Zheng's family, in Macheng, a city in Central China's Hubei province, is desperately poor. The family once made a good living by running their own pig farm, but in 2014, Zheng's wife, Tao Congxiang, 49, was diagnosed with sepsis. ...
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2017
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China will reduce the cost of logistics and improve efficiency to spur the real economy, according to a guideline approved at a State Council executive meeting chaired by Premier Li Keqiang on Wednesday.One focus of the guideline is improving the use of roads through better traffic administration and law enforcement, enabling smoother services with less red tape. Tax policy is to be overhauled and toll charges are to be set at reasonable levels to reduce cost burdens."The logistics sector is a groundwork of strategic importance for the market economy," Li said. "Lower logistics ...
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2017
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