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Core PCE inflation rises to 3.4% in May as anticipated
Annual inflation in the United States (US), as measured by the change in the Personal Consumption Expenditures (PCE)…
VIDEO: Inflation hotter than expected means RBA rate hikes back on the cards – Australian Broadcasting Corporation
VIDEO: Inflation hotter than expected means RBA rate hikes back on the cards Australian Broadcasting CorporationInterest rate hikes remain…
Bangladesh turns to $80bn ADB-backed economic corridor for growth
Economy Initiative’s success seen hinging on reforms to lure private capital The Asian Development Bank-backed Integrated Growth Network…
ECB policymaker Schnabel says further rate hikes will likely be needed
ECB’s Schnabel reiterated that ECB is not done tightening yet. She’s one of the ECB’s most influential voices,…
Sydney and Melbourne tipped to lead housing price drops as market cools
Up to $122,000 could be wiped off the value of the typical Sydney house over the next year,…
Africa’s ultra-rich are growing faster than in the U.S., China and Europe despite holding less than 1% of global wealth
The number of people in Africa with a net worth exceeding $30 million rose by 23.7% to…
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Treasury Secretary Bessent says U.S. GDP growth can return to 3% before end of the year
Treasury Secretary Scott Bessent expressed confidence Wednesday that the U.S. economy can get back on the path to…
Why the Vietnam ‘detour’ for US-bound Chinese goods hit a dead end
Nearly a decade ago, one of China’s largest textile exporters concocted a plan to hedge against trade barriers…
Another wind drought exposes energy transition
Australia’s electricity grid must be built to handle the worst moments, not averages. This week, Australia’s National Energy…
Australian rental market demand destruction occurring in Sydney, Melbourne and Brisbane, adding to tenant stress
Rents are at record highs across Australia, hitting the affordability limit for tenants who have run out of…