The central bank of the People’s Republic of China is responsible for formulating and implementing monetary policies, preventing and defusing financial risks and maintaining financial stability.Peng Song | Moment | Getty ImagesChina left its benchmark lending rates unchanged Monday, as Beijing contends with a weakening yuan while awaiting policy clues from the incoming Donald Trump administration.The People’s Bank of China held the 1-year loan prime rate at 3.1%, and the 5-year LPR at 3.6%, according to the PBOC statement.The 1-year LPR determines rates on corporate and most household loans, while the 5-year LPR acts as a reference for mortgage loans.The…
Author: usaeverydaylife
In one of the most shocking NFL playoff upsets in recent memory, rookie sensation Jayden Daniels and the sixth-seeded Washington Commanders knocked off the NFC’s No. 1 seed on Saturday with a 45-31 road win over the Detroit Lions. The win sends Washington to its first NFC Championship Game since the 1991 season.Daniels and the Commanders walked into the Lions’ den facing long odds against a high-scoring team that lost two games at Ford Field in 2024. Washington did not at all resemble an underdog by the game’s end, however.After falling behind 7-3 in the first 14 minutes, Washington’s fortune…
The sounds of celebration replaced those of explosions in the Gaza Strip on Sunday as a fragile cease-fire came into effect after 470 days of war, allowing some hostages to return home to Israel, Palestinians imprisoned in Israel to be released, and displaced Gazans to search for what was left of their homes. Under the terms of the laboriously reached deal, fighting between the Israeli military and Hamas militants stopped at 11:15 a.m., raising hopes for a more lasting end to a war that has plunged the Middle East into fear and uncertainty.The first hostages — three women seized when…
Ho Kwon Ping, 72, is the executive chairman of Banyan Group.Bloomberg | Bloomberg | Getty ImagesBuilding a business is not for the faint of heart, and many of those who dare to take the chance share one trait: self-confidence.That’s according to hotel tycoon Ho Kwon Ping, 72, the founder and executive chairman of Banyan Group, a hospitality company with a portfolio of about 80 resorts and hotels in 22 countries.The company, which is listed on the Singapore Stock Exchange, generated about $328 million Singapore dollars (about $240 million) in revenue in 2023.Ho is also the executive chairman of food and…
People pass in front of big screen during the speech of US President Donald Trump on January 26, 2018 at the Davos Congress Centre (C), the venue of the annual World Economic Forum (WEF), in the town of Davos, eastern Switzerland. / AFP PHOTO / MIGUEL MEDINA (Photo credit should read MIGUEL MEDINA/AFP via Getty Images)Miguel Medina | Afp | Getty ImagesBillionaire wealth surged in 2024, as the world’s richest people increasingly benefited from inheritance and powerful connections, according to Oxfam’s latest annual inequality report.The combined wealth of the world’s most wealthy rose from $13 trillion to $15 trillion in…
The Philadelphia Eagles advanced to the conference championship game for the second time in the last three seasons after a snowy 28-22 win over the Los Angeles Rams on Sunday.Lincoln Financial Field was covered in snow in the second half of the tightly contested NFC divisional matchup, but Philadelphia’s usual strengths — its No. 1-ranked defense (by yards allowed) and its Saquon Barkley-led rushing attack — were the difference yet again. Especially after quarterback Jalen Hurts was hampered by a left knee injury sustained while absorbing a sack late in the third quarter.In addition to a pair of long touchdown…
In Salzburg, Austria last spring, I skipped around the fountain outside Mirabell Palace.Others did too.Some 60 years earlier, Maria and the von Trapp children danced around the palace’s Pegasus Fountain, singing “Do-Re-Mi,” one of most famous songs from “The Sound of Music.”The movie recounts the story of the von Trapp family, and the novice nun Maria who serves as governess of the seven children, and later (spoiler alert) marries their father only to have to flee the Nazi regime following the annexation of Austria.Salzburg’s plans to celebrate the beloved musicalThe film, starring Julie Andrews, was released in March 1965. To…
President Donald Trump’s official Presidential portrait in 2017.Library of CongressDonald Trump plans to sign more than 50 executive orders Monday — and possibly more than 100 — on the first day of his second presidency, according to a person in his transition operation.Trump, who is scheduled to take the oath of office inside the Capitol at noon, intends to sign several of the orders in front of a crowd at an event in Capital One Arena in Washington later in the afternoon. The inauguration-related events were moved to indoor locales because of inclement weather in the nation’s capital.The first wave of Trump’s…
The good news for Tom Brady the Television Analyst is that Detroit Lions offensive coordinator Ben Johnson is now free to be hired by Tom Brady the Minority Owner of the Las Vegas Raiders.It also potentially eliminates, going forward, the glaring conflict of interest at play during Fox’s broadcast of the Washington Commanders’ upset win over the Lions in Saturday’s NFC divisional-round game.Let’s set the scene: After a season of slow-yet-steady development as Fox’s lead NFL game analyst and special “Brady rules” on air (and off the field) due to his dual role as part-owner of the Raiders, Brady took to…
After they win elections and move into the White House, plenty of presidents at some point eventually break a campaign promise. Donald J. Trump will not even wait that long. He will break an important campaign promise the moment he takes the oath of office.While stumping for a return to power in the fall, Mr. Trump repeatedly made a sensational if implausible pledge with profound geopolitical consequences: He would broker an end to the war in Ukraine in 24 hours. And not just in 24 hours — he would do so before being sworn in as president.“Before I even arrive…
