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China has removed a three-decade-old tax exemption on contraceptive drugs and devices, imposing a 13% value-added tax on items such as condoms and contraceptive pills from Jan. 1, in a fresh bid to arrest a prolonged slide in birth rates. The change subjects most contraceptives to the standard VAT applied to consumer goods in the world’s second-largest economy. It marks a policy shift after years in which such products were treated as tax-exempt public health items, and it arrives as Beijing ramps up efforts to encourage…

Global Health Funding Cuts Threaten Child Survival Rates, Gates Foundation Warns The Gates Foundation has issued a stark warning that millions of children worldwide could face death due to reductions in global health funding, jeopardizing decades of progress in child survival. In its latest report, We Can't Stop at Almost, the foundation revealed a troubling forecast for child mortality rates, marking a significant step back in health advancements this century. According to the report, an alarming 4.6 million children…

Fed pivots toward steady cuts to shield jobs, betting inflation will cool The Federal Reserve on Wednesday delivered a quarter-point interest-rate cut and signaled more to come this year, a shift that underscores a growing concern among U.S. policymakers: the danger of a weakening labor market now looks larger than the risk of rekindled inflation. The move, supported by most of President Donald Trump's appointees on the Fed’s policymaking committee, reflects a central bank juggling two aims — price stability and full…