Category: Economy
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UK economy returns to 0.2% growth in August after months of stagnation
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The UK economy returned to growth in August, expanding by 0.2% after two months of recession, according to official figures from the Office for National Statistics (ONS). This growth was in line with economists’ expectations, after 0% growth recorded in June and July. The economy also grew by 0.2% over…
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Japan economy minister Akazawa says drop in real wages is not good news
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Japan economy minister Akazawa says drop in real wages is not good news
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Santander calls for government focus on leadership, digital, and sustainability skills to future-proof UK economy
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Santander Bank in the UK has urged the government to prioritize leadership, digital and sustainability skills in its new National Skills Plan to address the UK’s productivity crisis and prepare the workforce of the future. In a newly published report entitled Tomorrow’s Skills, Santander highlights three key societal shifts –…
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Smotrich on Moody’s downgrade: Israel’s economy is strong
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Finance Minister Bezalel Smotrich gave an initial reaction last night to the downgrade of Israel’s sovereign rating by Moody’s to Baa1. In his statement, Bezalel tries to soften the blow, promising to pass the budget, hinting at planned austerity measures, perhaps in an attempt to send a signal to other…
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Canadian dollar expected to strengthen in 2025 as rate cuts boost economy: Reuters poll By Reuters
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By Fergal Smith TORONTO (Reuters) – The Canadian dollar is expected to continue its recovery against its U.S. counterpart next year as lower borrowing costs support economic growth in Canada and investors’ appetite for risk increases, a Reuters poll showed. The Canadian currency has risen 3.3% since reaching a two-year…
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Twiga Partnership Leads Extractive Industry’s Contribution to Tanzanian Economy By Investing.com
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All amounts are expressed in US dollars unless otherwise stated BULIANHULU, Tanzania, Oct. 05, 2024 (GLOBE NEWSWIRE) — The Twiga partnership between Barrick Gold Corporation (NYSE:)(TSX:ABX) and the Tanzanian government contributes 51% of government revenues from the extractive industry, according to the latest Extractive Industry Transparency Initiative report In Tanzania.…
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Given full attention, mining sector will transform Kenya’s economy
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Principal Secretary for Mining (PS) Elijah Mwangi interviewed by Daily chores Last week revealed what has been achieved in the mining sector. This was a timely effort because it dispelled the image of a department operating in managed secrecy. However, the Socialist Party has not spoken about the full results…
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Stablecoins represent 40% of crypto economy in Sub-Saharan Africa
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As companies shift to dollar-linked options, stablecoins now account for more than 40% of the cryptocurrency economy in Sub-Saharan Africa. Stablecoins have emerged as a vital component of the cryptocurrency economy in Sub-Saharan Africa, accounting for about 43% of the region’s total transaction volume, according to a recent study. a…
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Stablecoins represent 40% of crypto economy in Sub-Saharan Africa
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As companies shift to dollar-linked options, stablecoins now account for more than 40% of the cryptocurrency economy in Sub-Saharan Africa. Stablecoins have emerged as a vital component of the cryptocurrency economy in Sub-Saharan Africa, accounting for about 43% of the region’s total transaction volume, according to a recent study. a…
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The Economy Is Outperforming in Swing States — It’s Good News for Harris
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Breadcrumb links BMN Business Six of the seven states expected to decide this year’s US presidential election saw growth faster than the US economy as a whole in the second quarter, adding to the latest tailwind for Vice President Kamala Harris nearly a month after voting. Article writer: Bloomberg News…
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Germany economy is ‘stuck in stagnation,’ ING says
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A major European bank has warned that the German economy is “stuck in a recession” as months of bad news have created seemingly endless negative sentiment and exacerbated key structural issues. Head of Global Macroeconomic Research at ING I painted A bleak picture for Germany’s struggling economy after a key…
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Germany economy is ‘stuck in stagnation,’ ING says
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A major European bank has warned that the German economy is “stuck in a recession” as months of bad news have created seemingly endless negative sentiment and exacerbated key structural issues. Head of Global Macroeconomic Research at ING I painted A bleak picture for Germany’s struggling economy after a key…
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Vietnam’s leader Lam meets US corporations, pledges to boost tech economy By Reuters
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Vietnamese President To Lam has pledged to expand the country’s semiconductor and artificial intelligence industries during meetings with major U.S. companies in New York, as the communist-ruled nation seeks more investment from technology and other U.S. firms. Lam, on his first visit to the United States as Vietnamese president, is…
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China Unleashes Stimulus Package to Revive Economy, Markets
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BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
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China Unleashes Stimulus Package to Revive Economy, Markets
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BEIJING, Feb. 11 (Xinhua) — China’s central bank has unveiled a broad package of monetary stimulus measures to revive the world’s second-largest economy, underscoring growing concern within Xi Jinping’s government over slowing growth and falling investor confidence. Most Read from Bloomberg People’s Bank of China Governor Pan Gongsheng cut the…
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People’s Bank of China Governor says must support steady recovery of prices, economy
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Governor of the People’s Bank of China Pan Gongsheng: Monetary and fiscal policies must be coordinated. It should support a steady recovery in prices in the economy. By the end of the year, we may further reduce the RRR. After the reduction in the reserve requirement ratio, the weighted financial…
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Fed’s Waller: We’re at a point where the economy is strong and we want to keep it that way
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High Risk Warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage also creates additional risks and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience, and risk tolerance. You may lose some…
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Thailand’s slumping economy is new leader Paetongtarn’s focus in her first parliamentary speech
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Breadcrumbs Path Links BMW PMN Business Article author: Associated Press Gintama Saksuranchai Published on September 12, 2024 • Read for 4 minutes You can save this article by registering for free here. Or log in if you have an account. Article Content BANGKOK (AP) — Thailand’s new Prime Minister Paithongtarn…