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German watchdog asks Apple, Google to look into blocking DeepSeek 06/30/2025

Fast food chain Raising Cane's surpasses KFC in US sales in 2024 07/01/2025

G7 Unveils Exemptions for US and UK Firms to Safeguard Investment and Stability 06/29/2025

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Economics

The Bank of England will expand bond buyback programme to $1.2T

On Thursday, the Bank of England announced the expansion of its £150 billion ($195 billion) government bond buyback programme, bringing the total to £895 billion ($1.17 trillion). Analysts expected the government bond buyback programme to expand by £100 billion. With this cash injection, the Bank...

US Fed keeps the rate unchanged despite uncertainty with elections

The US Federal Reserve (Fed) left the key rate at 0-0.25% per annum following the November meeting. The watchdog maintained in its statement that the Fed will aim for inflation "slightly above 2%" and maximum employment, and will not increase rates until these targets are met. In the meantime,...

The Wealthy North Is Spending Big In Europe’s Recovery From, Pandemic Hit

Any debate of austerity in Europe has been pushed to the sidelines because of the novel coronavirus pandemic and instead the region is seeing a race among economies to spend their way out of the pandemic induced recession and gain back some semblance of normality. The trillions of dollars...

Euro Zone GDP Q3 Growth Beats Forecasts But Rebound Threatened By New Lockdowns

A summer period with few social restrictions in Europe helped the euro zone economy to bounce back in the third quarter. But analysts are now eagerly waiting to see how the region performs in the fourth and final quarter of the year given that two of its largest economies – Germany...

Norwegian Sovereign Wealth Fund Can’t Find Suitable Energy Investment Project

The fund continues to be on the look out for suitable projects to carry on with its investment plans. The largest wealth fund in the world is of Norway’s “$1.1 trillion sovereign wealth fund” which is currently struggling to find “suitable unlisted renewable- energy projects” to direct its...

Despite Covid-19 Recession, House Prices Surge In New Zealand, Deepening Affordability Crisis

Despite the global recession inflicted by the Cvoid-19 pandemic, house prices in New Zealand have increased to touch record levels. This development has prompted economists and experts to warn that the surging property market will cause damage to the long-term economic wellbeing of the country as...

Record Growth US Economy In Third Quarter

With consumer spending being fuelled by the more than $3 trillion in federal pandemic relief spending, the United States economy saw a record growth in the third quarter. However experts warned that it would take about a year for the deep scars created by the novel coronavirus pandemic on the...

Coronavirus Crisis Expected To Squeeze Global Wine Output This Year

Low volumes of wine production in South America and low output in the European Union after the coronavirus crisis sent sales sliding, have resulted in an international industry body making prediction of global wine production remaining below the five-year average fior the current year. ...

Consumer Confidence Drops In There Crucial US Swing States Prior To Presidential Election

With mounting concerns and fears about the American economy because of the pandemic, a recent survey showed that three states in the United States, which are believed to be crucial for the re-election of Republican President Donald Trump noted a sharp drop in consumer confidence in October,...

Turkish Airlines will send foreign pilots on six months' unpaid leave

Foreign pilots of Turkish Airlines will be sent on an unpaid leave, reports Bloomberg citing the company’s email to several its employees. The firm did not specify how many employees this step will affect, although it is now known that the leave will start on November 1 and will last no less than...