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Author Archives: Top News Editor

UK Economy Logs Weak Growth In July

The UK economy logged a weak growth in July as services output remained flat and construction output contracted further on supply shortages, data from the Office for National Statistics showed on Friday. Gross domestic product expanded 0.1 percent in July ...

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ECB Slows Emergency Asset Purchases

The European Central Bank said Thursday it will slow the pace of its emergency asset purchases, which were launched last year to support the economy amid the Covid-19 crisis, as policymakers worry higher inflation may last long. Read Full Story

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Germany Exports Rise At Slower Pace In July

Germany’s exports grew at a slower pace in July and imports declined for the first time in three months, data from Destatis showed on Thursday. Exports were up only 0.5 percent on a monthly basis in July, following a 1.3 ...

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China Producer Price Inflation At 13-Year High

China producer price inflation accelerated to a 13-year high in August on higher commodity prices, while consumer price inflation slowed unexpectedly, official data showed on Thursday. Producer prices advanced 9.5 percent annually, following an increase of 9 percent in July, ...

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Dollar Stays Firm Against Rivals

After climbing higher early on in the day, the U.S. dollar pared some gains on Wednesday after New York Fed Bank President John Williams said the labor market has to see more progress to get closer to the central bank’s ...

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Germany Industrial Output Rises For First Time In 4 Months

Despite supply chain problems, Germany’s industrial output grew for the first time in four months in July, underpinned by higher production of capital and consumer goods, Destatis said Tuesday. Industrial production grew 1 percent month-on-month in July, offsetting a revised ...

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