Investments and Business

On China’s snowy border with Russia, a dealership that sells trucks has seen its sales double in the past year thanks to Russian customers. China’s exports to its neighbor are so strong that Chinese construction workers built warehouses and 20-story office towers at the border this summer.The border town Heihe is a microcosm of China’s ever closer economic relationship with Russia. China is profiting from Russia’s invasion of Ukraine, which has led Russia to switch from the West to China for purchases of everything from cars to computer chips.Russia, in turn, has sold oil and natural gas to China at…

There was a noticeable absence among the participating countries when Secretary of Defense Lloyd J. Austin III announced that the United States was organizing a new naval task force to confront the threat from Yemen’s Houthi militia marauding against global shipping in the Red Sea.No regional power agreed that its navy would participate. The only Middle Eastern country taking part is the tiny island state of Bahrain, and there was otherwise conspicuous silence from regional capitals.Many Arab countries depend heavily on the trade that flows through the Red Sea, from the Suez Canal in the north to the Bab-al-Mandeb Strait…

Five African countries are battling outbreaks of anthrax, with nearly 1,200 people affected so far and 20 deaths, according to the World Health Organization. But the official tally belies confusion about the exact nature and scale of the outbreaks, which may complicate the efforts needed to contain them.Of the 1,166 presumed anthrax cases in Kenya, Malawi, Uganda, Zambia and Zimbabwe, only 35 have been confirmed with lab tests. That is not unusual or unreasonable, experts said, especially in regions with limited resources.But at least in Uganda, many of the presumed cases have resulted in negative tests for anthrax, raising the…

(Editor’s note: This is excerpted from Mike Sando’s Pick Six of Dec. 18, 2023.)Sean Payton blasting quarterback Russell Wilson on the sideline, then suggesting he was merely upset about officiating, invited all sorts of speculation.It’s hard to fault Payton for losing his cool when officials wiped out a Broncos touchdown with an offensive offside call that seemed indefensible. As one former head coach put it, officials have “lost their minds” searching for penalties associated with Philadelphia’s tush-push plays.It’s just difficult to understand why Payton would funnel any of that rage toward his quarterback.GO DEEPERSean Payton downplays sideline flare up with Russell WilsonThe…

Josiah Citrin, the owner and chef of a Santa Monica restaurant with two Michelin stars, opened a new steakhouse a few months ago off the Sunset Strip. He is already concerned about whether the restaurant can survive.The reason, Mr. Citrin said, is singular: a West Hollywood city mandate that workers be paid at least $19.08 an hour, the highest minimum wage in the country.“It’s very challenging,” Mr. Citrin, 55, said of the new minimum wage, which took effect about two weeks before he opened his doors in July. “Really, it’s almost impossible to operate.”His sentiment is widely shared among business…

Chileans on Sunday rejected a new constitution that would have pulled the country to the right, likely ending a turbulent four-year process to replace their national charter with little to show for it.Nearly 56 percent of voters rejected the proposed text, with all of the votes counted.It is the second time in 16 months that Chile, the South American nation of 19 million, has rebuffed a proposed constitution — the other was written by the left — showing how deeply divided the nation remains over a set of rules and principles to govern it even after four years of debate.That…

Across the country, neonatal intensive care units provide critical care to seriously ill babies.That care can be lifesaving but also comes at a price, as some parents report receiving multimillion dollar bills for their babies’ hospital stays. Some researchers have questioned whether too many babies are being admitted to the NICU and whether there is a profit motive at play.The New York Times is looking to hear from readers who can share their recent experiences with NICU care. Hearing from families about their experiences helps us better understand where we should focus our reporting.We will not publish any part of…

Follow live coverage of Liverpool vs Manchester United in the Premier League todayIt’s Jesse Lingard’s birthday. He turns 31 today and, at this stage of his life, he must realise it is not going to be easy shifting some of the perceptions that come from being a non-footballing footballer. For now, at least.Speak to Lingard’s former team-mates and they will talk about a guy who has been popular at all his clubs and played at a level, including a World Cup semi-final, that automatically commands respect among his fellow pros.But it is also a harsh reality that many others will…

Social Security benefits weren’t taxed at all until 1984. Then in 1993, Bill Clinton signed legislation that expanded tax thresholds, making up to 85 percent of benefits taxable for recipients with combined incomes of more than $34,000 ($44,000 for joint filers). Those who earn less could be subject to taxes on up to 50 percent of their benefits. Combined income consists of a filer’s adjusted gross income, untaxed interest (such as from municipal bonds) and half of one’s annual Social Security payments.Over the past 39 years, both Social Security payments and federal income tax brackets have continually shifted upward to…

The three Israeli hostages who were killed by Israeli forces in Gaza on Friday had emerged shirtless from a building and were bearing a makeshift white flag when they were shot, the military said on Saturday.The troubling details of how they died have created widespread anguish in Israel and prompted renewed calls for another temporary truce and a deal to allow more hostages to be released. Lt. Gen. Herzi Halevy, the Israeli military chief of staff, said the three hostages had done “everything so that we would understand” that they were harmless, including removing their shirts to show they bore…