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Economy
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South Korean Finance Minister Pledges Favorable Business Environment
South Korean Finance Minister Lee Hyoung-il pledged on Wednesday to create a favorable business environment to support economic growth, while addressing structural challenges such as stagnant producti
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Trump reiterates Iran is doing very poorly
Trump reiterates Iran is doing very poorly
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Iran forms committee to coordinate new economic arrangement, President Pezeshkian calls for "car-free Tuesdays" to counter US pressure
Iran's President Masoud Pezeshkian has ordered the formation of a committee to coordinate a new economic arrangement aimed at stabilizing prices and countering US economic pressure and naval blockades
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Fed's Warsh advocates economy focus, but deputies' actions slash Oct rate hike odds
According to Nick Timiraos, Federal Reserve Chairman Kevin Warsh wants investors to focus on the economy rather than the Fed's signals. However, two of his deputies intervened last week, causing the p
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Bloomberg: UK Economy to Outpace Major European Nations in First Two Years Under Labour, But 1.8 Million Still Unemployed
Bloomberg reports that the UK economy has outpaced its major European counterparts during the two years of Labour government. However, this growth has not benefited the 1.8 million Britons currently s
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IMF to Use Some Venezuelan Official Data in Its Economic Outlook for First Time in Years
The International Monetary Fund is set to use some Venezuelan official data in its economic estimates for the first time in years, as the Washington-based lender ramps up engagement with the country.
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Fed's Kashkari open to October rate hike, warns of more if economy stays strong
Federal Reserve's Neel Kashkari stated he has "no strong view" on an October rate hike and remains open-minded on the pace of tightening. His September projections indicated one more hike in 2026 and
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Russian Missile Campaign Leaves Ukraine's Steel Industry in Ruins, Halting Production and Erasing Economic Contribution
Russia's relentless missile attacks have brought Ukraine's vital steel industry to a near standstill, with its contribution to the country's GDP now estimated to be close to zero. Major steelworks lik
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China strengthens position for Taiwan conflict with mobilization law, enhancing ability to secure civilian resources including economy and tech
China strengthens position for Taiwan conflict with mobilization law, enhancing ability to secure civilian resources including economy and tech
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Marion, Chief Economist at National Bank Financial, anticipates a surge of foreign capital into Canada.
National Bank Financial Chief Economist Stéfane Marion stated that after a decade of "stagnant" growth, Canada is beginning to take business investment seriously, anticipating an influx of foreign cap
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German Chancellor Merz faces government crisis as far-right AfD makes strong gains in recent local elections amid economic and migration fears
Chancellor Friedrich Merz, who has led Germany since 2025, is facing a coalition government crisis following bruising regional election results in the last fortnight. His party was beaten in Berlin, s
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Argentina's poverty rate rises to 32.3% in H1 2026 under Milei, with more pain forecast
National statistics agency INDEC reported on Thursday that the poverty rate increased by 4.1 percentage points from 28.2% in H2 2025. Extreme poverty also rose to 7.5%, and unemployment hit 7.9%, the
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Trump says AI could reach 25% of US GDP
Trump says AI could reach 25% of US GDP
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Bolivia's Congress approves $1.9 billion IMF loan; unions warn fuel subsidy cuts could spark protests.
Bolivia's Congress on Friday approved a $1.9 billion loan from the International Monetary Fund (IMF), aimed at addressing the country's years-long economic crisis. However, unions warned that the aust
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Bloomberg: Argentina's Economic Recovery Stalls, Potentially Impacting President Milei's Re-election Campaign
Bloomberg reports that with a year to go until Argentine President Javier Milei seeks re-election, the economic recovery underpinning his popularity is stalling, which could pose a risk to his re-elec
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Fed Chairman Warsh hinted at a preference for another rate hike in December, stating that the current economy is strong enough.
Federal Reserve Chairman Warsh signaled at a press conference that the market interpreted as leaning towards skipping October and acting again in December. Warsh emphasized close monitoring of inflati
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Ed Yardeni Cuts S&P 500 View to 7,900 on Downturn Risks
Ed Yardeni, a prominent Wall Street bull, is slashing his year-end forecast for the S&P 500 Index to 7,900, citing increasing risks of a downturn in the next three to six months. This adjustment comes
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Investor Faith in Europe’s Stock Market Shows Signs of Fatigue
Europe’s stock market rally has become more concentrated this year, amplifying risks as investors turn less optimistic about its economic outlook.
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Vietnam Warns of Blackouts From 2027 as Power Projects Stutter
The country's trade ministry stated that power-generation and grid projects are falling behind schedule, with only 5% of projects under a national growth plan having gone into operation due to issues
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High-spending Mexican tourists are shifting away, with the market now looking to China for growth.
Mexico is seeking to revitalize its once-thriving beach tourism destinations, as visits from high-spending tourists have slowed, posing another worrying sign for the struggling Mexican economy.
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Anthropic Releases AI Economic Scenario Model: Annual GDP Growth Could Reach 15% in Extreme Scenarios, But Knowledge Workers May Face Job Losses and Pay Cuts
Anthropic's economics team recently released version 1.0 of its AI Economic Scenarios Model, designed to quantify the potential impact of AI on employment, growth, and wages. The model explores three
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U.S. Treasury Secretary Bessent acknowledges Americans' frustration with economy due to price level changes, but notes consumer spending remains resilient
U.S. Treasury Secretary Scott Bessent, speaking at the Economic Club of New York, acknowledged that Americans' frustration with the economy is understandable due to accumulated price increases and pre
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MarketWatch: New Research Challenges the Notion That "Demographic Decline Inevitably Leads to Economic Recession"
MarketWatch reported that new research by scholars at MIT and the London Business School challenges the prevailing view that "population decline inevitably leads to economic recession." The study foun
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The European Central Bank (ECB) has raised its economic growth forecasts for 2026 and 2027, reflecting stronger-than-expected resilience in the Eurozone economy.
The latest European Central Bank (ECB) staff projections indicate that Eurozone economic growth will be 0.9% in 2026, 1.4% in 2027, and 1.5% in 2028. Compared to June, growth expectations for both 202
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Economist: Israeli Blockade Causes Hebron Businesses Up to $20 Million in Losses, Facing Debt Without Income
Yousuf Daas, an economist at the Palestine Economic Policy Research Institute, told Al Jazeera that the Israeli blockade of Hebron has led local business owners to report losses of up to $20 million i
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Hebron lockdown is West Bank lockdown, economist warns of far-reaching economic consequences
Yousuf Daas, an economist with the Palestine Economic Policy Research Institute, told Al Jazeera that Israel's siege of Hebron, the economic heart of the Palestinian economy, will have far-reaching co
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Poll: 85% of US Voters Prioritize Economy, Living Costs Ahead of Elections
A poll by the Associated Press-NORC Center for Public Affairs found that as of mid-October, 80% of surveyed Americans believe the country needs substantial change or "complete and total upheaval." App
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Macau's October gaming revenue declined for the fifth consecutive month, as weak spending from high-end players offset an increase in Golden Week visitors.
Macau's October gaming revenue declined for the fifth consecutive month, as weak spending from high-end players offset an increase in Golden Week visitors.
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Colombia pauses interest rate hikes as economy begins to weaken.
Colombia pauses interest rate hikes as economy begins to weaken.
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ECB's Lane: AI adoption is reshaping the euro area economy, adding ~10% to firms' capex plans and driving digital investment to 3.3% of GDP.
ECB's Lane: AI adoption is reshaping the euro area economy, adding ~10% to firms' capex plans and driving digital investment to 3.3% of GDP.
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French economy shrinks 0.1% in Q3
France, the Eurozone's second-largest economy, experienced a 0.1% economic contraction in the third quarter, primarily due to high energy prices and soaring borrowing costs.
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Iran’s Economy Minister proposes task force to rebuild war-damaged businesses
Iran’s Economy Minister Seyed Ali Madanizadeh has proposed establishing a provincial task force to help rebuild businesses damaged by the war.
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Iran's September consumer prices surged 90% year-on-year, as the Economy Minister apologized for the soaring cost of living.
Iranian households are facing increasing cost-of-living pressures, exacerbated by eight months of war with the United States, Al Jazeera reported. Official data shows that consumer prices rose by appr
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South Korean Finance Minister Lee Hyung-il stated that the South Korean government aims to foster a virtuous cycle of carbon neutrality-driven economic growth and job creation through its green transition initiatives.
South Korean Finance Minister Lee Hyung-il stated that the South Korean government aims to foster a virtuous cycle of carbon neutrality-driven economic growth and job creation through its green transi
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Fed's Warsh: Business Investment Could Grow at Double-Digit Pace
Fed's Warsh: Business Investment Could Grow at Double-Digit Pace
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Fed Holds Federal Funds Rate at 3.75%-4% in 10-2 Vote; Two Officials Back 25bp Hike
The Federal Open Market Committee (FOMC) voted Wednesday to hold its benchmark rate unchanged, keeping the overnight federal funds target range at 3.75%-4%. The decision passed 10-2. Governor Lisa Coo
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President Trump returns to Ohio, highlighting over $100 billion in private investment attracted to the state during his term.
The White House announced that President Donald Trump returned to Ohio today to showcase the economic achievements brought to the state during his tenure. These include NVIDIA's plan to invest up to $
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Khamenei was "in perfect health."
Iranian Parliament Speaker and chief negotiator Mohammad Bagher Ghalibaf stated that after a recent meeting with Supreme Leader Mojtaba Khamenei, Khamenei was "in perfect health." Ghalibaf assured law
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Al Jazeera's analysis indicates that Israel's large-scale expulsions, blockades, and expansion of settler control in Hebron
Al Jazeera's analysis indicates that Israel's large-scale expulsions, blockades, and expansion of settler control in Hebron, West Bank, threaten to destroy the local economy. Since last Friday, Israel
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a total of 142 strategic enterprises have now established or expanded their operations in Hong Kong
Hong Kong's Financial Secretary, Paul Chan, stated that as of the end of September this year, the first six batches of strategic enterprises introduced to Hong Kong through the Office for Attracting S
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AmCham China President Urges More Working-Level Dialogues for US-China Ties, Citing Need for Long-Term Stability
Michael Hart, president of the American Chamber of Commerce in China (AmCham China), has urged Beijing and Washington to push more negotiations down to working-level officials. Hart stated that busine
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Iran's top security official warned: If Iranian economic facilities are attacked, the enemy's "economic infrastructure" will not be safe.
General Mohsen Rezaei, Secretary of Iran's Supreme National Security Council, warned that if Iran's oil facilities, ports, and shipping are considered legitimate targets, then the economic infrastruct
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Argentine bonds are facing a sell-off amid market concerns about President Milei's re-election prospects and the country's debt repayment capacity.
Argentine bonds are facing a sell-off amid market concerns about President Milei's re-election prospects and the country's debt repayment capacity.
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Israel's opposition claims a new leadership could ease international pressure, while the ruling party deems international condemnation hypocritical.
Israel's opposition believes that the current international pressure on Israel stems from a "communication problem," and that a better leader could convince the world not to impose sanctions. However,
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White House: The U.S. President spoke during "National Forest Products Week," emphasizing increased domestic timber supply and significant achievements.
The U.S. President, speaking during "National Forest Products Week," reaffirmed a commitment to conserving forests and responsibly utilizing their resources to support families and strengthen American
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President Trump highlights economic achievements in Kansas, including tax relief and job creation
Today, President Donald J. Trump showcased his administration's achievements in Kansas, emphasizing historic tax relief, surging private investment, job creation, stronger rural healthcare, and signif
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Economists expect bond yields to remain elevated for an extended period, alongside stronger economic growth and eventual inflation relief, according to a Wall Street Journal survey.
Economists expect bond yields to remain elevated for an extended period, alongside stronger economic growth and eventual inflation relief, according to a Wall Street Journal survey.
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Hassett Says People Are 'Euphoric' About Economy's Strength, Discretionary Travel Signals Consumer Optimism
Hassett Says People Are 'Euphoric' About Economy's Strength, Discretionary Travel Signals Consumer Optimism
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