China’s new plan to get consumers spending again

BEIJING, CHINA – NOVEMBER 6: Women wearing Qing Dynasty-style costumes take photos inside the Forbidden City on November 6, 2025, in Beijing, China. Cheng Xin | Getty Images News As Chinese households remain reluctant to spend on big-ticket goods, Beijing is leaning on a new lever to revive consumption: experiences and everyday services. China’s cabinet…

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Trump sues IRS for $10B over leaked tax returns 

President Trump sued the Internal Revenue Service (IRS) on Thursday, seeking at least $10 billion in damages from an agency contractor that leaked his tax return information to news outlets. Charles Littlejohn, the contractor, is currently serving a five-year prison sentence after pleading guilty to a felony. Trump’s civil lawsuit now demands an 11-figure payout…

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