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China is considering including services in a subsidy programme to boost consumption, in addition to existing trade-in schemes for goods, as the economy struggles with weak domestic demand. With a record trade surplus and deflationary pressures, policymakers are looking to rebalance the economy towards more sustainable consumption. Despite concerns about pulling forward demand, efforts to stimulate consumption through services may be gradually introduced at both national and local levels. Full Article

Entrepreneur contributors emphasize the importance of implementing real people processes in hyper-growth companies to avoid inefficiencies and cultural breakdowns. Examples from Southeast Asia's tech industry and AI companies like OpenAI illustrate the challenges of scaling without a people strategy. Successful companies like Sea Group and Stripe prioritize leadership development, define culture explicitly, and balance autonomy with structure to build sustainable organizations in fast-scaling industries like AI and Web3. Ultimately, companies that invest in operational excellence...

President Trump's administration solicited feedback from companies on foreign trade barriers, receiving complaints from various industries about unfair treatment, including high tariffs on products like uranium, shrimp, and T-shirts. Trump plans to impose "reciprocal tariffs" on April 2 to address these issues, potentially impacting imports of cars, pharmaceuticals, and semiconductors. While some companies see opportunities in Trump's trade agenda, others fear retaliation and disruption in export markets, urging the administration to focus on reducing rather...

United Airlines is increasing the cost of entry to its United Club lounges, reducing amenities and changing membership tiers. Annual membership prices have gone up significantly, with individual membership now costing $750 or 94,000 miles and All Access membership priced at $1,400 or 175,000 miles. The changes come at a time when airport lounges are more popular than ever, leading to increased demand and competition among airlines and credit card-issuing banks for travelers seeking a...

Sign up for free updates through Currencies myFT Digest to stay informed on market trends. Despite recent declines in US stocks and the dollar, the hype around American exceptionalism, fueled by Trump's policies, is fading due to unsustainable economic growth and global competition. As US dominance wanes, investors are rebalancing portfolios, shifting towards European, Japanese, and emerging markets, signaling a broader shift away from US assets. Full Article

DoorDash customers can now take out a "buy now, pay later" loan for orders over $35, in partnership with Klarna. Chuck Bell from Consumer Reports advises caution with these loans, as they are often used by people already in debt. Klarna defends the option, stating it is better to repay in interest-free installments than with a credit card, as they conduct eligibility checks and restrict services for missed payments. Full Article