Goldman Sachs analysts reported on Monday that the record-high unemployment rates among China’s younger population could be attributed to a discrepancy between the available jobs and the majors pursued by graduates. The report indicated that during the time period from 2018 to 2021, the education and sports industries saw a 20% rise in vocational school
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Thailand’s progressive Move Forward party emerged as the winner in the country’s preliminary election results, but the party’s proposed reforms threaten conservative forces that may attempt to prevent it from governing. Move Forward’s leader and prime ministerial candidate, Pita Limjaroenrat, has formed a coalition of six parties, including Pheu Thai, a populist, pro-democracy party that
Apple is all set to launch its first-ever mixed reality headset at its upcoming Worldwide Developers Conference (WWDC) in 2023. The headset is expected to be dubbed as Reality Pro or Reality One and will run on the new operating system, xrOS. This hardware launch is considered the most significant since the arrival of the
The Boston Celtics suffered a crushing defeat in Game 3 of the Eastern Conference Finals against the Miami Heat. The Celtics have played hundreds of memorable playoff games in their storied history, but for the foreseeable future, just saying “Game 3” is going to sting without any needed context. The Miami Heat, on the other
Chinese big tech firms have delivered mixed results in their latest earnings reports. While Baidu beat revenue and profit expectations for Q1 2023, Tencent bounced back to growth after consecutive negative and flat quarters. However, Alibaba’s first-quarter revenue fell short of analysts’ expectations, causing its Hong Kong-listed shares to slide almost 5% on Friday. Despite
Brooks Koepka, who won his fifth major title at the 105th PGA Championship at Oak Hill Country Club on Sunday, wasn’t wearing his LIV Golf League team’s logo. However, his victory proved that the Saudi Arabian-financed circuit belongs in the major championships. Notably, Koepka’s 2-shot victory over Viktor Hovland and Scottie Scheffler was the first
Instagram, owned by Meta Platform, announced on Sunday that its services had been restored after a technical issue disrupted services for thousands of users. A spokesperson for Meta confirmed that the issue had been resolved, and services were back to normal. The company did not disclose how many users were affected by the disruption. Outage
Leaders of the Group of Seven (G7) have agreed that it is necessary to de-risk, not decouple from China, and have acknowledged challenges posed by the country’s practices that “distort the global economy.” In a joint statement, the G7 said they are not looking to decouple or turn inwards; instead, they recognize that economic resilience
According to Bank of America strategist Savita Subramanian, the first-half rally for stocks in 2023 is supported by fundamentals and still has upside remaining. In a note to clients on Sunday, Subramanian hiked her year-end price target for the S&P 500 to 4,300 from 4,000. This new target is around 2.6% higher than the index’s
Actor Michael J. Fox recently appeared on ABC’s talk show The View, where he expressed his regret for not working with co-host Whoopi Goldberg on the 1990 romantic fantasy film Ghost. During the interview, Goldberg asked Fox if he had any regrets about turning down roles in the past, to which Fox responded with his