Global Economic Shifts: China Boosts Tourism and Services, ECB Cautions on Rates, Ford Announces Job Cuts
Key TakeawaysChina is implementing a broad package of measures to boost its service consumption and tourism, including issuing 5-year multiple-entry visas to more eligible persons and extending operating hours for tourist attractions and museums.The European Central Bank (ECB), through Governing Council member Scicluna, has indicated that no interest rate cuts are "in a box," suggesting a cautious, data-dependent approach to future monetary policy.Ford Motor Company (F) plans to cut 1,000 jobs at its Cologn ...