WASHINGTON — When the Federal Trade Commission finalized a rule earlier this month banning noncompete clauses, the blowback was swift: Within 24 hours, the U.S. Chamber of Commerce led a handful of business groups to file a lawsuit seeking to block the ban. They argued that the FTC lacked the authority to impose it in … Read more
Economic losses in the Asia Pacific region soared to $65 billion due to natural disasters, mainly fueled by floods in China and droughts in India, as reported by insurance company Aon. Hadynyah | E+ | Getty Images Economic losses in the Asia Pacific region due to natural disasters soared to $65 billion in 2023, mainly … Read more
An aerial photo is showing a residential area that is currently under construction by China Vanke in Nanjing, East China’s Jiangsu province, on Jan. 17, 2024. Nurphoto | Nurphoto | Getty Images Chinese regulators recently met financial institutions to discuss state-backed property developer China Vanke where they asked large banks to enhance financing support and asked private debt holders to discuss maturity extension, two sources said. … Read more
