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China starts publishing youth jobless data again, with new method and a lower…

China published youth unemployment data Wednesday for the first time since the jobless rate hit a record high in June last year, using a new method that showed an apparent improvement. China announced a 14.9% jobless rate for people between 16 and 24 in December, using the new method, which excludes students. The statistics bureau stopped publishing the politically sensitive figure last year, after it reached 21.3% in June. It came as the National Bureau of Statistics announced that 's economy hit growth targets in 2023, following the end of the country's years of pandemic-era isolation. The change in methodology came after youth…

Stock market today: Asian shares mostly fall after Wall Street drop, Tokyo hits…

Asian shares were trading mostly lower on Wednesday after a decline overnight on Wall Street, while Tokyo's main benchmark momentarily hit another 30-year high. Japan's benchmark Nikkei 225 gained 0.2% in afternoon trading to 35,701.41. The Nikkei has been hitting new 34-year highs, or the best since February 1990 during the so-called financial “bubble.” Buying focused on semiconductor-related shares, and a cheap yen helped boost exporter issues. Australia's S & P/ASX 200 slipped 0.3% to 7,393.10. South Korea's Kospi dropped 2.0% to 2,447.09. Hong Kong's Hang Seng dove nearly 3.1% to 15,381.84. The Shanghai Composite shed 0.9% to 2…

Davos hosts UN chief, top diplomats of US, Iran as World Economic Forum meeting…

The top diplomats of Iran and the United States sit down for public — and separate — one-on-one chats while the U.N. chief and leaders of France, Argentina and Spain will deliver speeches as the World Economic Forum's annual meeting saunters into a busy second day on Wednesday. The elite gathering in the Swiss ski resort of Davos takes a turn toward the environmental and climate concerns that have animated plea after plea from U.N. Secretary-General Antonio Guterres for the world to come together do take more united action against global warming — after a record-hot year in 2023. Experts and policymakers will take up issues like…

Ukraine needs money from the US and Europe to keep its economy running

Ukraine's hard-won economic stability is under threat again as the government faces a large budget hole and its two biggest allies and sponsors — the United States and the European Union — have so far failed to decide on extending more aid. Without pledges of support by the start of February — when EU leaders meet to decide on aid — and if no money arrives by March, that could risk the progress has made against inflation. It has helped ordinary people keep paying rent, put on the table and resist Russia's efforts to break their society's spirit. The issue was on the minds of U.S. Secretary of State Anthony Blinken and Ukrainian…

Everest confirms development plans at Mt Dimer gold mine

Everest Metals Corporation (EMC) has announced plans to develop the 48,545 ounces of gold and 89,011 ounces of silver at its 100 per cent-owned Mt Dimer Taipan gold and silver project in WA’s goldfields as the gold price continues to trade near record highs above $3000 per ounce. The price of the precious metal has held ground above $3000 an ounce since late last year, causing the company to redouble its development efforts at Mt Dimar which contains a historic open pit gold mine. Encouragingly, the project boasts a number of first-rate drill intercepts going as high as 8m at 13.55 grams per tonne (g/t) gold from 80m – including a…