Category: Economic
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Trump’s economic plans face ‘highly unusual’ bond market as national debt continues to balloon
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Donald Trump is used to managing debt. But not like this. As a real estate developer, Trump relied heavily on borrowed money to finance projects. The problem of repaying his debts contributed to this Six business bankruptcies. Trump Fight again By writing off some loans, refinancing others, finding new lenders,…
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Bitcoin Miners, Economic Irrationality Can Be Fatal
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Some OCEAN miners have started leveraging the coin age priority algorithm while creating the block template using DATUM. Originally, Bitcoin Core originally selected transactions to include in blocks based on what they first saw in their block of notes. This logic was eventually replaced by prioritizing older coins, i.e. those…
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China and the UK restart economic and financial talks after a 6-year hiatus
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Breadcrumb links PMN BMN Business Article writer: Associated Press Semena Maestrino Posted on January 11, 2025 • Last updated 11 hours ago • 4 minutes read You can save this article by registering for free here. Or log in if you have an account. Article content TAIPEI, Taiwan (AP) —…
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Perianne Boring Predicts Trump’s 2025 Economic Policies Will Drive Bitcoin Price to $800K
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Bitcoin investors received a jolt of optimism Fox Business Morning with Maria On December 13, 2024, when Digital Chamber founder and CEO Berian Boring revealed a startling price prediction. Speaking with host Maria Bartiromo, Boring suggested that Bitcoin could rise to… $800,000 In 2025 under the economic proposals put forward…
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Why Israel’s stock market is ignoring economic forecasts
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Measures of the Israeli economy present a picture that seems at odds with the uncertainty created by the security events. Tel Aviv Stock Exchange indices are rising despite weak economic growth expectations for Israel, the shekel is steadily strengthening, and demand for Israeli debt is high, despite downgrades by credit…
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Dave Ramsey Says Those Predicting The ‘Economic End Of The World’ Over The National Debt Have Been Consistently Wrong
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Dave Ramsey says those who predicted the “economic apocalypse” due to the national debt were consistently wrong Dave Ramsey has seen it all when it comes to forecasts about the economy. And when it comes to the national debt, it’s clear: People have been sounding the alarm about the “economic…
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Trade figures reveal UK’s challenge to boost economic growth
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The UK government is committed to kick-starting economic growth in the country, but recently released trade figures from HMRC point to a big journey ahead, according to leading audit, tax and business advisory firm Blick Rothenberg. Simon Sutcliffe, customs and excise partner at the firm, commented: “Trade statistics for 2023,…
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S&P sees no major Israeli economic recovery before 2026
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In its latest report on Israel published last night, Standard & Poor’s said that the war in Gaza and Lebanon is expected to continue until 2025, which will delay the country’s economic recovery until 2026. The international rating agency, which lowered Israel’s rating to A-, was Last month with a…
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Reeves reassures on trade as Trump tariffs threaten UK-US economic ties
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British Chancellor Rachel Reeves played down fears of escalating protectionism in light of Donald Trump’s expected new trade tariffs, stressing Britain’s commitment to a strong economic relationship with the United States. In her first comments after Trump’s re-election, Reeves stressed the UK’s determination to support “free and open trade” between…
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Bank of England cuts rates to 4.75% as inflation cools and economic pressures ease
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The Bank of England cut interest rates by 25 basis points to 4.75%, its second cut this year as inflationary pressures begin to ease and economic data point to a slowdown in wage growth. The nine-member Monetary Policy Committee voted in favor of the cut, following a steady trend in…
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Fraser Institute News Release: 7-in-10 provinces had combined government debt burdens that exceeded the size of their entire economies in 2022, curbing economic growth
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Article content VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) — Combined federal and provincial government debt in seven provinces exceeds the value of all goods and services produced in those provinces through 2022, dampening economic growth and living standards, according to a report. A new study published by the…
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Fraser Institute News Release: 7-in-10 provinces had combined government debt burdens that exceeded the size of their entire economies in 2022, curbing economic growth
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Article content VANCOUVER, British Columbia, Nov. 07, 2024 (GLOBE NEWSWIRE) — Combined federal and provincial government debt in seven provinces exceeds the value of all goods and services produced in those provinces through 2022, dampening economic growth and living standards, according to a report. A new study published by the…
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Asian shares are mostly higher as China begins major economic meeting
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Stocks rose mostly in Asia on Monday as Chinese leaders began a major meeting expected to make new pledges to help the world’s second-largest economy. Oil prices rose more than a dollar a barrel after Oil producing countries in OPEC+ They said they would extend production cuts until the end…
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Record £40bn tax hike set to slow UK economic growth, warns OBR
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Chancellor Rachel Reeves introduced a record £40bn tax rise in her first Budget, which the Office for Budget Responsibility (OBR) warns could stifle economic growth in the long term. According to the Office for Budget Responsibility, the UK economy will expand by just over 1% this year, peaking at 2%…
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UK retail sales rise unexpectedly in September despite economic uncertainties
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UK retail sales rose unexpectedly in September, defying analysts’ expectations of a contraction, as consumers increased their spending on technology despite looming tax rises and economic uncertainties. According to the Office for National Statistics (ONS), retail transactions rose 0.3% in September, building on a strong 1% increase in August. Analysts…
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VP Harris Vows To Support Crypto In New Economic Proposal
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US Vice President Kamala Harris has pledged to support regulation of cryptocurrencies and digital assets in her new economic proposal, several new media outlets reported on Monday. This offer comes after the pro-cryptocurrency Republican candidate, Donald Trump, led in the opinion polls against the Democratic candidate. Harris pledges to legalize…
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Hong Kong policy address seen pivoting from security to economic growth By Reuters
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Written by James Pomfret HONG KONG (Reuters) – Hong Kong is expected to announce measures to boost the city’s economy in its annual policy speech on Wednesday, including cutting tariffs on alcohol, as it seeks to revive the financial hub that has struggled to recover since the pandemic. Hong Kong’s…
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OPEC report, Fed’s Waller speech highlight Monday’s economic calendar By Investing.com
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As traders approach another pivotal day for the financial markets on Monday, October 14, 2024, attention will be focused on key reports and speeches that could influence market dynamics. OPEC’s monthly report and Federal Reserve Governor Christopher Waller’s speech are expected to provide valuable insights into the global oil market…
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BoI Governor: We must conduct responsible economic policy
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The Governor of the Bank of Israel, Professor Amir Yaron, opened his remarks at the press conference that followed the decision of the Monetary Committee, which he chairs, to leave the interest rate unchanged at 4.5% by saying, “The State of Israel is in a constant war, and recently the…
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How Bitcoin Is Propelling A Small Texas Town Into A New Economic Era: The Rockdale Story
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Recently Opinion articleWard Rodham, the mayor of a town called Rockdale, Texas, has highlighted the profound impact that Bitcoin (BTC) mining has had on his small town, claiming that it heralds a new economic renaissance – the “digital energy boom.” Billion dollar impact on Rockdale’s economy Once known for housing…