This Is What Life’s Like in the World’s Strictest Covid Zero City

Seven times since last March, Ruili—on China’s Myanmar border—has felt the full force of Xi Jinping’s Covid Zero policy.

New York Manufacturing Snaps Back After Plunging a Month Earlier

The Federal Reserve Bank of New York’s September general business conditions index jumped nearly 30 points to minus 1.5, after plunging more than 42 points a month earlier in the second-worst decline on record, data showed Thursday. A reading below zero indicates contraction, and the measure has been exceptionally volatile over the last several months.

Bank of Canada to Hike Into Restrictive Range: Decision Guide

And inflation, although showing signs of peaking, is still running at an uncomfortable 7.6%, nearly four times the central bank’s target. With core measures and service inflation still rising, there is a risk that sticky underlying price pressures could still become entrenched, keeping pressure on Macklem and his officials to further tighten policy.

Energy Crisis Tearing Through Markets Leaves a Trail of Losers

The energy crisis that’s late inflation soaring across the world is leaving stock traders with a challenge to figure out where to put their money.

US Business Activity Contracts Again, Weakest Since May 2020

The S&P Global flash composite purchasing managers output index slid 2.7 points to 45, the weakest reading since May 2020, the group reported Tuesday. Excluding the pullback in the early months of the pandemic, the August figure is the weakest print in data back to 2009. Readings below 50 indicate contraction.

Chinese EV Maker BYD Aims to Conquer World Markets as the Un-Tesla

Already the biggest electric vehicle producer at home, it bets low prices and producing its own batteries and chips will make it a global leader.

Retailers in Canada See First Sales Drop in Seven Months

Some of the estimated decline “can be chalked up to lower gasoline prices, but the majority looks to be due to consumer fatigue,” Royce Mendes, head of macro strategy at Desjardins Securities Inc., said in a report to investors. “Canadians have been feeling the pinch from both high inflation and rising interest rates. So it … Read more

Elon Musk jokes he would buy Manchester United: where it ranks on the most valuable sports franchises

The man who keeps riling up the Twitterverse is at it again. On Tuesday, Elon Musk teased he would purchase his favorite childhood sports team, tweeting “Also, I’m buying Manchester United ur welcome.” While many fans of the famous club would love to see new ownership after the Red Devils slipped to the bottom of … Read more

Glazer Family Open to Selling a Stake in Manchester United FC, Sources Say

The owners have held some preliminary discussions about the possibility of bringing in a new investor, the people said, asking not to be identified because the information is confidential. The American Glazer family is not yet ready to cede control of Manchester United, which could be valued at about £5 billion ($6 billion), the people … Read more