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ECONOMICS

US Import Prices Drop in Hopes of Easing Inflation

WASHINGTON, United States — U.S. import prices fell for a fifth straight month in November, pulled down by declining costs for petroleum products and a strong dollar — supporting the

Global Investors Fly Blind Into China’s Messy Post-COVID Transition

By Summer Zhen and Samuel Shen HONG KONG/SHANGHAI — Global investors, already caught off guard by China's virus-policy U-turn, now find themselves flying blind into a chaotic post-pandemic transition, lacking
China Delays Economic Policy Meeting Due to COVID-19 Surge: Reports
European Union Seeks to Secure World’s First Carbon Border Tariff
France’s Central Bank Sees Slight Fourth Quarter Growth
Yuan Stabilizes as China Continues to Relax ‘Zero-COVID’ Restrictions
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Wall Street Dragged by Recession Fears, S&P Poised For 4th Decline
Bank of Mexico Issues Optimistic Forecasts to Counteract Inflation, Ends Rate Hikes
Bank of England to Raise Rates to Counteract Inflation: Poll
LONDON — The Bank of England looks set to hike borrowing costs by another 50 basis points next week,...
US Freight Railroads Prepare for Potential Strike Disruption
LOS ANGELES (Reuters) - Major U.S. freight railroads said on Friday they were preparing for a possible...
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China’s Trade Falters as Demand Wanes at Home and Abroad
BEIJING — China's exports and imports lost momentum in August with growth significantly missing forecasts...
Europe Heading for Recession as Cost of Living Crisis Deepens
The euro zone is almost certainly entering a recession, with surveys released on Monday, Sept. 5 showing...
Japan Sees Spending Growth Despite Looming Inflation
Japan's household spending grew for a second straight month in July despite a resurgence in COVID-19...
Curtains Drawing on Runaway Rise in Global Housing Prices: Poll
A runaway surge in global house prices is drawing to a close as interest rates rise along with the cost...
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German Economy Likely Already in a Recession, Will Last Three Quarters: Reuters Poll
The German economy is on track to contract for three consecutive quarters starting from this one, according...
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Fed’s Powell: ‘Pain’ of tight policy, slow growth needed ‘for some time’ to beat inflation
The U.S. economy will need tight monetary policy "for some time" before inflation is under control, a...
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California Board Votes to Phase Out Gasoline-only Cars in State by 2035
The California Air Resources Board (CARB) voted Thursday (August 25) to adopt sweeping regulations to...