China’s economy slowed to the weakest pace since quarterly data began in 1992 amid the ongoing trade standoff with the U.S., while monthly indicators provided signs that a stabilization is emerging.
Barry weakened to a tropical depression but is set to cause more life-threatening floods through Monday as it marches toward northwest Louisiana and Arkansas. Another foot of rain is expected for south-central Louisiana where it made landfall Saturday.
German Chancellor Angela Merkel demonstrated physical fitness during Bastille Day celebrations in Paris, walking about half a mile without incident after suffering three bouts of trembling in public since June.
Tropical Storm Barry is barreling toward Louisiana and could hit the coastline as a hurricane by Saturday, causing close to US$1 billion in damage and worsening flooding in New Orleans.
For years, Hong Kong was a hotspot with plum jobs for overseas bankers as global firms hired aggressively. But many recently laid-off bankers in the city are finding that cost-cutting and a demand for Mandarin speakers have diminished the opportunities for expats in Asia’s financial hub.
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