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Private Firms Made £1.6bn Profit from NHS Services
PoliticsThe Guardian8d ago

Private Firms Made £1.6bn Profit from NHS Services

Research has revealed that private firms providing services to the NHS in England, including healthcare and consultancy, generated £1.6 billion in profits over two years, prompting MPs to call the profit levels 'scandalous.'

Greek Parliament to Debate Bill Favoring Hertz and Uber
Politicsavgi29d ago

Greek Parliament to Debate Bill Favoring Hertz and Uber

A controversial bill, described by critics as serving the interests of large companies like Hertz and Uber, is set to be debated in the Greek Parliament's plenary session, aiming to 'liberalize' the transport market in favor of private firms.

Volunteer fireman recounts daring rescue of 11 from Gul Plaza
WorldDawn1mo ago

Volunteer fireman recounts daring rescue of 11 from Gul Plaza

• In his testimony, Danish Ali alleges lack of trained staff and equipment hampered timely response • One of six survivors tells judicial commission they escaped on their own as smoke spread inside building KARACHI: A man working as a fireman in a private firm narrated his heroic efforts before the Gul Plaza Judicial Commission on Wednesday, which led to the rescue of 11 persons from the burning building on the night of Jan 17. The man, Danish Ali, maintained that he had voluntarily participa...

Businesszerohedge2mo ago

China's Debt Model Creates Danger Of Stagnation

China's Debt Model Creates Danger Of Stagnation Authored by Daniel Lacalle, The latest social financing figures from China show an economy that is increasingly relying on government debt while private demand for credit remains weak. The strength of the Chinese technology sector and its exporting companies gives enough room for leverage. However, behind the weak private sector credit demand lies an evident economic slowdown that the Chinese government acknowledges, challenging consumption patterns, a significant overcapacity problem, and the depth of the housing crisis. The current economic model, focused on delivering 5% real economic growth, requires larger doses of debt to achieve smaller increments of growth, especially productive sector growth. The government has focused on reducing debt and overcapacity imbalances while reorienting its exports and financial system to lessen dependence on the US dollar; however, the main challenge for the Chinese economy remains boosting consumer demand, despite rate cuts and easing financial conditions. To understand the intensity of debt of the Chinese model, we must go to the year 2000 and see the acceleration in the flow of debt, not just the current stock. At that time, real GDP growth was around 8–9%, so each percentage point of growth came with roughly 13–16 points of debt‑to‑GDP. Government debt was very low, at around 25% of GDP, and most leverage sat in the state-owned corporate sector with modest household debt. China was able to deliver near‑double‑digit growth with a total non‑financial debt ratio barely above 120% of GDP. By 2023, non‑financial sector debt had risen to about 285% of GDP, more than doubling its level of 2000. Chinese think‑tanks and official commentators put the “macro leverage ratio” closer to 300% of GDP by 2025, according to the Chinese Academy of Social Sciences. The macro leverage ratio rose by 11.8 percentage points to 302.3 percent in 2025, exceeding the 10.1-point increase reported in 2024. Over the same period, the trend of real GDP growth has slowed to roughly 4–5%, so each percentage point of growth now requires around 60–75 points of debt‑to‑GDP, more than three times the debt per point of growth required in 2000. Furthermore, it comes mostly from government debt. In January 2026, aggregate social financing jumped by 7.22 trillion yuan, significantly higher than in the same month of 2025 and above market expectations, consistent with 5% annual GDP growth and a larger composition of the public sector in the mix. Outstanding social financing reached 449.11 trillion yuan at the end of January, rising 8.2% year‑on‑year, while money supply (M2) rose by 9%.​ New yuan bank loans were 4.7 trillion yuan, about 420 billion less than a year earlier and significantly below consensus, showing the weak private‑sector credit demand and the prudent approach of Chinese customers and businesses to debt addition. RMB loans outstanding stood at 276.62 trillion yuan, up only 6.1% year‑on‑year, clearly below the pace of overall financing and money growth. The driver of credit growth in China is no longer households and private firms but the government and state-owned companies. The real estate problem has impacted Chinese families in numerous ways. Not only did most of them see the value of their homes decline, but many families invested in the attractive yields of real estate developers’ commercial paper, which led to large losses and even the wipe-out of savings for many. Additionally, despite the excess in supply of houses, prices have not fallen enough to warrant enough appetite for new mortgages, as affordability remains an issue and the traditional prudence of Chinese citizens when it comes to consuming and borrowing adds to the challenge. Beijing plans to issue 4.4 trillion yuan in local government special‑purpose bonds in 2025, 500 billion more than in 2024, looking to boost government investment and a “proactive fiscal policy,” knowing that raising taxes would be exceedingly negative for growth and consumption. Local governments are expected to issue more than 10 trillion yuan in bonds in 2025, including refinancing, general bonds, and new special bonds. The Chinese government knows that it can manage more debt but also sees the weak investment and household spending and acknowledges that large tax increases would be counterproductive.  However, to prevent future debt-driven stagnation, a focus on productivity is necessary. The official budget sets a deficit of 4% for 2025. However, once all budget items are consolidated, including government funds, special bonds, and off‑budget vehicles, this true fiscal deficit in 2025 is closer to 9%, up from 7.7% in 2024, according to Rhodium Group and JP Morgan. China increasingly relies on hidden or almost fiscal borrowing to support growth. With outstanding social financing now around 449 trillion yuan and real growth around 4–5%, each incremental point of GDP is increasingly linked with a much larger stock of debt than a decade ago. This rising credit intensity of growth may prevent a significant slowdown but may create a significant fiscal challenge in the future. The Chinese model demands high growth and low taxes; any change to the fiscal system will be negative. For years, local governments relied on the sale of land for property development to collect tax receipts. Thus, the drag from real estate is evident in the economy and in fiscal sustainability. Real estate development investment fell 13.9% year‑on‑year in the first three quarters of 2025, with residential investment down 12.9%, the steepest drop since 2021, according to official figures. Property investment and sales both posted double‑digit declines in 2024, and forecasters expect real estate investment to fall another 11% and sales to drop 7.5% in 2025, according to Reuters, with further declines in 2026 before stabilizing only in 2027… if it happens as fast as consensus estimates. The property sector, once a key engine for economic growth and tax receipts, absorbs new credit to stabilize its accounts without boosting growth or creating a multiplier effect. Additionally, China’s industrial capacity utilization remained at 74.9% at the end of 2025, well below the 78.4% peak reached in 2021. Overcapacity is clear in steel, autos, legacy chips, and parts of sectors like green tech, where expansion has surpassed domestic and external demand. Thus, the purchasing managers’ indices show weak new orders and foreign demand, while bankruptcies and insolvencies have risen, although not to levels that would indicate a financial crisis.​ The Chinese economy needs to reopen, improve investor and legal security and allow the housing slump to materialize fully to see the type of productive economic growth it needs to avoid much larger increases in debt. Otherwise, the risk of stagnation will likely be elevated as population growth stalls, overcapacity remains, and the stock of unsold property becomes a larger liability.   Tyler Durden Mon, 02/16/2026 - 22:25

Tepić Questions Private Security Checks at Prokop Facilities
Politicsn1-serbiadanas7d ago2 sources

Tepić Questions Private Security Checks at Prokop Facilities

Opposition politician Marinika Tepić has questioned why private firms, rather than state institutions, are responsible for checking the security of facilities and personnel at Prokop, specifically mentioning Dunav osiguranje. She raised concerns about the oversight of these arrangements.

Government and 32 Private Firms Invest Over ¥260 Billion in Rapidus
TechnologyNHK Worldjapan-times1mo ago2 sources

Government and 32 Private Firms Invest Over ¥260 Billion in Rapidus

Japan's Ministry of Economy, Trade and Industry announced that the government and 32 private companies have collectively invested over 260 billion yen into Rapidus, a company focused on mass-producing advanced semiconductors. The investment aims to support Rapidus's technology development and customer acquisition efforts.

Judicial Commission rejects MQM-P plea  to join Gul Plaza probe as intervener
PoliticsDawn1mo ago

Judicial Commission rejects MQM-P plea to join Gul Plaza probe as intervener

• Justice Agha Faisal rules commission’s ToRs do not permit intervention; advises Muttahida to submit their information via email • Leased in 1883, Gul Plaza plot was sold to a private firm in 1983, says municipal commissioner KARACHI: While turning down an application of the Muttahida Qaumi Movement-Pakistan (MQM-P) seeking to become a party in the proceedings, the Gul Plaza Judicial Commission on Monday recorded the testimonies of the municipal commissioner and various other officials in th...

Pharmacists kick as FMoH signs Medipool drug procurement deal
Politicsvanguard-ng1mo ago

Pharmacists kick as FMoH signs Medipool drug procurement deal

The Association of Community Pharmacists of Nigeria, ACPN, on Monday accused the Federal Ministry of Health of violating existing Acts of Parliament following the signing of a Memorandum of Understanding with Medipool, a private firm, to run a centralised drug purchasing system for Nigeria’s health sector. The post Pharmacists kick as FMoH signs Medipool drug procurement deal appeared first on Vanguard News.

Designer rice on your plate soon? CSIR-NIIST transfers tech to private firms
ScienceTimes of India2mo ago

Designer rice on your plate soon? CSIR-NIIST transfers tech to private firms

CSIR–NIIST is set to transfer its innovative designer rice technology, enriched with protein and micronutrients while boasting a lower glycaemic impact. This initiative aims to transform polished white rice into a healthier staple, with licenses granted to Tata Consumer Products Ltd and SS Soul Foods. The event will also see the transfer of other advanced technologies.