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UK inflation hits new 40-year high of 10.1% as food and energy price surge continues

Liz Truss and Rushi Sunak during The Sun’s Showdown: The Fight for No10, the latest head-to-head debate for the Conservative…

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World

Wall Street analysts are betting on another red-hot commodity rally before year-end

Traders, brokers and clerks on the trading floor of the open outcry pit at the London Metal Exchange in London,…

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World

Biden signs Inflation Reduction Act into law, setting 15% minimum corporate tax rate

After more than a year of debate over costs, taxes, tax credits and regulations, President Joe Biden finally signed his…

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World

‘Floundering, not drowning’: Economists divided on prognosis for Russian economy

Russian President Vladimir Putin meets with head of Federal Financial Monitoring Service (Rosfinmonitoring) Yury Chikhanchin at the Kremlin in Moscow,…

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World

‘Dangerous territory’: Investor Peter Boockvar warns recession is spreading to other parts of economy

There may be no escape from recession. The latest reports on housing and manufacturing, according to investor Peter Boockvar, suggest…

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Economy

Stocks up as investors focus on economy ahead of retail earnings

Stocks on Wall Street recovered from early losses and turned higher in afternoon trading Monday as investors remain focused on…

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World

Business travel spending might not return to pre-pandemic levels until 2026

Lighted tunnel in the United Airlines terminal, O’Hare International Airport, Chicago Illinois. Andrew Woodley | Universal Images Group via Getty…

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World

Goldman sees a ‘feasible but difficult path’ for the Fed to defeat inflation without a recession

Construction workers outside the Marriner S. Eccles Federal Reserve Building, photographed on Wednesday, July 27, 2022 in Washington, DC. Kent…

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Economy

Stocks down as China cuts key interest rate and ahead of retail earnings

U.S. stocks are falling ahead of a week of quarterly financial reports from retailers as well as government data that…

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Economy

China cuts interest rate to shore up slowing economy

China’s central bank trimmed a key interest rate Monday to shore up sagging economic growth at a politically sensitive time…

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