China resorts to unusual measures to restore confidence among entrepreneurs. But it’s not working | CNN Business

[ad_1] Hong Kong CNN  —  After years of regulatory crackdowns and draconian Covid curbs, private entrepreneurs in China are low on enthusiasm. The Chinese government is resorting to surprising measures to restore their confidence, but the campaign has inspired more nervousness than optimism. The province of Hainan, an island that Beijing plans to turn into … Read more

Retail spending fell in March as consumers pull back | CNN Business

[ad_1] Washington, DC CNN  —  Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected … Read more

The haunting Masters meltdown that changed Rory McIlroy’s career | CNN

[ad_1] CNN  —  Slumped on his club, head buried in his arm, Rory McIlroy looked on the verge of tears. The then-21-year-old had just watched his ball sink into the waters of Rae’s Creek at Augusta National and with it, his dream of winning The Masters, a dream that had looked so tantalizingly close mere … Read more