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Author Archives: Top News Editor

UK Economy Shrinks Less Than Expected In November

The UK economy contracted less than expected in November despite a second nationwide lockdown, data released by the Office for National Statistics revealed Friday. Ending six months of growth, gross domestic product shrank 2.6 percent on month in November but ...

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Dollar Turns Weak Against Other Major Currencies

After exhibiting some weakness in the Asian session, the U.S. dollar rebounded smartly Thursday morning, but fell again and stayed weak thereafter as Fed Chair Jerome Powell said the bank will not hike interest rates anytime soon. Read Full Story

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Germany Contracts Most Since Global Financial Crisis

The German economy contracted the most since the 2008-2009 global financial crisis in 2020, but most likely avoided a double-dip in the fourth quarter of the year, underpinned by the better performance of the manufacturing sector. Gross domestic product fell ...

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China Exports Continue To Expand Strongly In December

China’s exports continued to log robust growth in December driven by higher global demand for pandemic-induced goods, official data revealed Thursday. Exports grew 18.1 percent on a yearly basis in December, faster than the expected growth of 15.0 percent, data ...

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