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WEBChina’s Inflation Rises on Weather-Driven Food Costs, But Deflation Woes Persist as Producer Prices Slide. According to data released by the National Bureau of Statistics (NBS) on Monday, the consumer price index (CPI) increased by 0.6% year-on-year, slightly up from a 0.5% rise in July but below the 0.7% forecasted by economists.
U.S. Typhon Missiles Stay in the Philippines, Testing Strategic ...
WEB22 hours ago · The United States has no immediate plans to withdraw the Typhon mid-range missile system from the Philippines, despite mounting Chinese opposition and increasing regional tensions. Originally deployed for joint military exercises between the U.S. and the Philippines, the system remains in place, raising concerns in Beijing as it faces a potential escalation of geopolitical confrontation.
Fed Cuts Interest Rates by Half Point Amid Growing Concerns …
WEB1 day ago · On Wednesday, the central bank slashed the federal funds rate by 50 basis points, bringing it to a range of 4.75% to 5%. This aggressive move marks the beginning of what could be a series of rate cuts aimed at stabilizing the economy amid growing concerns about slowing job growth and softening inflation. The rate cut, which impacts short-term ...
Bank of England Holds Rates at 5%, Signals Cautious Path Amid …
WEB22 hours ago · The Bank of England has held interest rates at 5% following its September meeting, maintaining a cautious stance despite global trends towards lower rates. The Monetary Policy Committee (MPC) voted 8-1 in favor of keeping the rate unchanged, with only Swati Dhingra pushing for a quarter-point cut. This decision aligns with expectations from many analysts who anticipated that it would be ...
U.S. Imposes 100% Tariffs on Chinese Electric Vehicles Starting …
WEB6 days ago · The Biden administration on Friday confirmed substantial tariff increases on a range of Chinese imports, including a 100% duty on electric vehicles (EVs), in a strategic move to bolster domestic industries against China's state-supported production surge. The U.S. Trade Representative (USTR) announced that many of these tariffs will take effect on September 27, marking a significant escalation ...
Goldman Sachs and Citigroup Slash China's 2024 Growth Forecast …
WEB3 days ago · Goldman Sachs and Citigroup have both revised their projections for China's economic growth in 2024 downward to 4.7%, signaling increasing concern about the country's economic trajectory. The adjustments come in the wake of a slowdown in China's industrial output, which reached a five-month low in August, intensifying worries about the world's second-largest economy's ability to rebound.
TikTok’s Future on the Line: U.S. Court Weighs Nationwide Ban …
WEB3 days ago · TikTok, the wildly popular video-sharing app, found itself at the center of a high-stakes legal battle in Washington, D.C., on Monday, as the company argued against a looming nationwide ban that could put it out of business in the United States by January. The hearing before the U.S. Court of ...
Dollar Falters Ahead of Fed Rate Cut, Eyes on Potential 50 Basis …
WEB3 days ago · The U.S. dollar has been under increasing pressure as markets anticipate a significant shift in monetary policy from the Federal Reserve. As the Fed's decision on a potential rate cut looms, the dollar traded near its lowest levels of the year on Tuesday, with investors betting heavily on an aggressive easing cycle that could begin with a substantial 50 basis point reduction.
Oil Prices Drop Below $80 Amid China Slowdown and ... - Business …
WEBAug 17, 2024 · Oil prices experienced a significant drop on Friday, falling more than $2 per barrel, with Brent crude dipping below the $80 mark. This decline has set the stage for a weekly loss, driven primarily by renewed concerns over China's economic health, which have overshadowed lingering geopolitical risks in the Middle East.
Maine Mass Shooting Report Unveils Army and Police Failures: …
WEBAug 21, 2024 · In a damning report released nearly ten months after a tragic mass shooting in Lewiston, Maine, an independent commission revealed significant failures by both the U.S. Army Reserve and local law enforcement that …
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