Economy

The European Central Bank, which sets interest rates for the 20 countries that use the euro currency, cut borrowing costs once again on Thursday after figures showed inflation across the bloc falling to its lowest level in more than three…
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Germany plans to introduce measures aimed at boosting its domestic wind industry, the economy ministry said on Thursday, amid concerns from European governments and companies over Chinese firms gaining momentum on the continent. The…
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ZURICH — Unemployment in Gaza has soared to nearly 80% since the Israel-Hamas war erupted, with the devastated enclave's economy in almost total collapse, the International Labour Organization said Thursday. Economic output has shrunk by…
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International oil traders have been anxiously watching for Israel's expected military response to Iran's latest rocket attack, with prices rising and dipping according to the latest guesses on whether Israel will target Iran's oil…
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European Union countries voted Friday to adopt tariffs of up to 45% on electric vehicles, or EVs, imported from China. Ten countries, including France and Italy, supported the imposition of tariffs, while five countries, including Germany,…
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Nairobi — The World Bank said on Monday it had lowered its economic growth forecast for sub-Saharan Africa this year to 3% from 3.4%, mainly due to the destruction of Sudan's economy in a civil war. However, growth is expected to remain…
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OCEAN CITY, N.J. — For generations of vacationers heading to Ocean City, the towering “Giant Wheel” was the first thing they saw from miles away. The sight of the 140-foot-tall (42-meter) ride let them know they were getting close to the…
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Geneva — The head of the U.N. refugee agency warned on Monday that displacement crises in Lebanon and Sudan could worsen, but said tighter border measures were not the solution, calling them ineffective and sometimes unlawful. Addressing…
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STOCKHOLM — The Nobel memorial prize in economics was awarded Monday to Daron Acemoglu, Simon Johnson and James A. Robinson for research into differences in prosperity between nations and why some countries succeed and others fail. The…
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Paris — Chinese state-owned carmaker GAC is exploring the manufacture of EVs in Europe to avoid EU tariffs, the general manager of its international business told Reuters on Sunday, joining a growing list of Chinese companies planning local…
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