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Trump, on arms, said the United States has unlimited supply but always wants more.

2026-08-07

Trump, on arms, said the United States has unlimited supply but always wants more.

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2026-08-06

Initial jobless claims in the US rose slightly to 199,000 in the week ending Aug. 1, remaining below 200,000 for a third straight week and pushing the four-week moving average to its lowest level since Sep. 2022, the Labor Department said Thursday. C

Initial jobless claims in the US rose slightly to 199,000 in the week ending Aug. 1, remaining below 200,000 for a third straight week and pushing the four-week moving average to its lowest level since Sep. 2022, the Labor Department said Thursday. Continued claims increased to 1.8 million, roughly in line with expectations. Economists expect Friday's July nonfarm payrolls to show continued healthy job growth, citing ongoing consumer spending as support for activity.
2026-08-06

Caixin reported on Aug 5 that Beijing and Hangzhou have recorded cases of personal income tax being levied on Hong Kong insurance returns—specifically insurance dividends and interest on prepaid premiums—with individual cases applying a 20% rate. The

Caixin reported on Aug 5 that Beijing and Hangzhou have recorded cases of personal income tax being levied on Hong Kong insurance returns—specifically insurance dividends and interest on prepaid premiums—with individual cases applying a 20% rate. The report said the levies are not yet widespread and there is no unified, clear enforcement standard. The Hong Kong Insurance Authority said the HONG KONG GOVT and the regulator are closely monitoring mainland tax arrangements for financial products and will keep close industry communication. It reiterated that Chinese residents have long been required to declare and pay tax on overseas investment income and advised the market not to over-interpret the reports. The regulator noted Hong Kong’s insurance market remains mature and offers flexible product features—currency choice, global asset allocation and wealth-planning services—that continue to attract mainland clients.
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