China tax department says economy’s rebound to be further consolidated

BEIJING (Reuters) – The rebound of China’s economy will be further consolidated and tax revenues in the second quarter will likely grow faster, but the economy still faces many uncertainties at home and abroad, the taxation administration said on Thursday. The world’s second-biggest economy grew 3% last year, the weakest in nearly half a century. …

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China March services activity accelerates on new orders – Caixin PMI

BEIJING (Reuters) – China’s services activity in March revved up at the quickest pace in 2-1/2 years on robust new orders and job creation and a consumption-led post-COVID recovery, a private-sector survey showed on Thursday. The Caixin/S&P Global services purchasing managers’ index (PMI) rose to 57.8 in March from 55.0 in February, the third consecutive …

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U.S. Speaker meets Taiwan leader and stresses need to speed up arms deliveries

By Michael Martina and David Brunnstrom SIMI VALLEY, California (Reuters) – U.S. House Speaker Kevin McCarthy hosted Taiwanese President Tsai Ing-wen in California on Wednesday, becoming the most senior U.S. figure to meet a Taiwanese leader on U.S. soil in decades and stressed the need to accelerate arms deliveries to Taiwan in the face of …

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Southern East Pacific Rise region earthquake magnitude revised lower to 5.1 – EMSC

(Reuters) -An earthquake of magnitude 5.1 struck the southern East Pacific Rise region on Wednesday, the European Mediterranean Seismological Centre said, revising it down from its initially estimated 6.1. The quake was at a depth of 10 km (6.21 miles) and the epicenter of the quake was at a distance of 3,178 km west of …

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Indian delivery firm Dunzo secures $75 million funding, lays off 30% of staff – ET

BENGALURU (Reuters) – Indian online delivery platform Dunzo has secured funding of $75 million through convertible notes and is laying off about 30% of its staff as it plans a revamp of its business model, the Economic Times reported on Thursday. The layoffs, which will affect over 300 workers, is part of a rejig announced …

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