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China

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Business & Lifestyle

Paris to host 2024 Olympics, Los Angeles to follow in 2028

LIMA, Peru (UPI) -- For the first time in modern Olympics history, the International Olympic Committee announced two host locations at once Wednesday: Paris in 2024 and Los Angeles in 2028. The two cities are scheduled to host the XXXIII and XXXIV Summer Olympics, respectively. "It is hard to imagine something better. Ensuring the stability of the Olympic Games for the athletes of the world for the next 11 years is something extraordinary," IOC President Thomas Bach said after a committee meeting […]

todaySeptember 13, 2017 29

Business & Lifestyle

China overtakes Japan as largest U.S. creditor with $1.1 trillion owed

BEIJING/WASHINGTON (UPI) -- China has once again become the United States' largest creditor, Treasury Department figures released Wednesday indicate. China sold off some of its U.S. Treasury bonds last year to prop up its own currency, the yuan, but its holdings of U.S. government debt have increased this year to $1.15 trillion, an increase of $44 billion since June. The policy means the United States currently owes China more money than any other country. Japan held that position for the past eight months but […]

todayAugust 16, 2017 46

Business & Lifestyle

McDonald’s plans 2,000 new restaurants in China by 2022

OAK BROOK, Ill. (UPI) -- McDonald's announced plans Tuesday to increase the number of restaurants in China from 2,500 to 4,500 within five years. The company also announced completion of a partnership deal with Citic and Carlyle to sell a controlling interest in the fast-food company's China and Hong Kong operations for 20 years. That makes it the largest franchise outside the United States. In January, McDonald's announced plans to sell 80 percent of its holdings in mainland China and Hong Kong for […]

todayAugust 8, 2017 42

Business & Lifestyle

U.S. mathematics team finishes fourth behind Korea, China, Vietnam

Ray Downs, United Press International Writer RIO DE JANEIRO (UPI) -- The U.S. International Mathematical Olympiad team finished in fourth place in international competition, taking home gold and silver medals, the Mathematical Association of America announced. The U.S. team's fourth place finish was out of 110 teams around the world and behind only Korea, China and Vietnam in the competition, which was held in Rio de Janeiro, Brazil. "We are very proud to be among the top five scoring teams again […]

todayJuly 25, 2017 59

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