Rate-Hike Odds Spike As Fuel Costs Push US Producer Prices Higher

Wage-Cuts Hit Hospital Workers In China As Financial Pressures Mount Authored by Michael Zhuang via The Epoch Times, Workers at hospitals in several parts of China are facing cuts to wages and performance bonuses, with some medical workers reporting monthly base salaries of less than 2,000 yuan ($298) as public institutions struggle under mounting financial pressure. A nurse moves a bed through a corridor at a hospital in Duan Yao autonomous county in Guangxi region, China, on Jan. 9, 2025. David Kirton/ReutersThe reductions are adding to financial concerns for workers already dealing...

China's Solar Boom Hits A Wall As Industry Losses Mount Authored by Irina Slav via OilPrice.com, Three of China's top solar market players reported deepening losses over the first half of the year, reflecting weakening demand for solar in the world's top manufacturer and generator. Jinko Solar, JA Solar Technology, and Tongwei all reported six-month losses as overcapacity in the sector meets weakening demand, not only at home but also abroad, Bloomberg reported, citing statements made by the companies at their financial results releases. The report noted new solar power capacity additions in...