Get all your news in one place.

100’s of premium titles.
One app.

Get all your news in one place.

100’s of premium titles. One news app.

France 24

Business

Charles PELLEGRIN

China's Yuan falls to lowest level since 2008 global financial crisis

China International Monetary Fund US Federal Reserve Beijing Fiscal Policy Monetary Policy United Kingdom United States US Dollar

BUSINESS DAILY © FRANCE 24

Like many other world currencies, China's onshore and offshore Yuan both fell against the dollar on Wednesday, increasing the pressure on the People's Bank of China to intervene directly. The drop is a result of the strong US dollar following the Federal Reserve's rate hikes, coupled with Beijing's more dovish approach to monetary policy in order to stimulate growth. Also in this edition, we look at the IMF's criticism of the UK's new tax-cutting fiscal policy.

Sign up to read this article

Read news from 100’s of titles, curated specifically for you.

Already a member? Sign in here

Top stories on inkl right now

A third November storm, Sara, serves notice that a busy hurricane season isn't over yet

A third November storm, Sara, serves notice that a busy hurricane season isn't over yet

Tropical Storm Sara is the third named storm to emerge this November, serving up a reminder that the Atlantic hurricane season isn't quite over

The Independent UK

Vice President Harris' Campaign Spent .6M On Private Flights

Vice President Harris' Campaign Spent .6M On Private Flights

Vice President Harris' campaign spent .6 million on private flights before the election, adding to its million debt.

Venezuela To Free 225 Detained In Post-election Unrest: Source

Venezuela To Free 225 Detained In Post-election Unrest: Source

Venezuelan authorities will free 225 people this weekend who were detained in protests against the disputed reelection of President Nicolas Maduro in July, a source in the prosecutor's office told AFP Saturday.

International Business Times

Mother accused of killing toddler sons by ‘placing them in an oven and turning it on’ jailed for life

Mother accused of killing toddler sons by ‘placing them in an oven and turning it on’ jailed for life

Lamora Williams was arrested back in 2017 after telling police she came home to find her children dead

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Texas court clears way for execution

Texas court clears way for execution

Robert Roberson evaded execution last month when legislators tossed him a lifeline. Texas' top court just tossed it

Trump emerges from Mar-a-Lago seclusion to raucous reception at UFC with key allies

Trump emerges from Mar-a-Lago seclusion to raucous reception at UFC with key allies

Trump has attended numerous UFC events with White, the president of the mixed martial arts promotion

The Independent UK

Related Stories

Top stories on inkl right now

A third November storm, Sara, serves notice that a busy hurricane season isn't over yet

A third November storm, Sara, serves notice that a busy hurricane season isn't over yet

Tropical Storm Sara is the third named storm to emerge this November, serving up a reminder that the Atlantic hurricane season isn't quite over

The Independent UK

Vice President Harris' Campaign Spent .6M On Private Flights

Vice President Harris' Campaign Spent .6M On Private Flights

Vice President Harris' campaign spent .6 million on private flights before the election, adding to its million debt.

Venezuela To Free 225 Detained In Post-election Unrest: Source

Venezuela To Free 225 Detained In Post-election Unrest: Source

Venezuelan authorities will free 225 people this weekend who were detained in protests against the disputed reelection of President Nicolas Maduro in July, a source in the prosecutor's office told AFP Saturday.

International Business Times

Mother accused of killing toddler sons by ‘placing them in an oven and turning it on’ jailed for life

Mother accused of killing toddler sons by ‘placing them in an oven and turning it on’ jailed for life

Lamora Williams was arrested back in 2017 after telling police she came home to find her children dead

The Independent UK

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Texas court clears way for execution

Texas court clears way for execution

Robert Roberson evaded execution last month when legislators tossed him a lifeline. Texas' top court just tossed it

Trump emerges from Mar-a-Lago seclusion to raucous reception at UFC with key allies

Trump emerges from Mar-a-Lago seclusion to raucous reception at UFC with key allies

Trump has attended numerous UFC events with White, the president of the mixed martial arts promotion

The Independent UK

Our Picks

This is how we do it: ‘We haven’t even tried to have sex for three years’

Lockdown robbed Daphne and Louis of what remained of their sex life – after 25 years, they’ve settled into an emotional, non-physical relationship

The Guardian - UK

50 million people have stopped buying luxury brands like Dior and Burberry after 'broken promises' to customers

‘A fabulous ice cream sundae is boring by the time you have it the fifth time,’ a retail analyst told Fortune

Disneyland debuts its first ride to celebrate a Black princess: ‘It’s about time’

Disney ‘rethemed’ Splash Mountain, the log-flume ride inspired by a racist 1946 film, into Tiana’s Bayou Adventure

The Guardian - US

Forget astrology, find out your font personality

Are you a Gen Z Calibri or a Comic Sans boomer?

How a viral, duct-taped banana came to be worth $1 million

Walk into any supermarket and you can usually buy a banana for less than $1

The Independent UK

Charli XCX calls Martha Stewart ‘brat’ and reporter ‘extremely brat’ amid mix-up

The British pop star served as host of Saturday Night Live (SNL).

Evening Standard

Fourteen days free

Download the app

One app. One membership.
100+ trusted global sources.

Download on the AppStore

Get it on Google Play