Economic News
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Macao's casino boom brings wealth but at a cost, 25 years since China's takeover
Macao has grown from a monopoly-driven gambling enclave into the world's biggest gaming hub, packed with Chinese tourists, since Beijing took control of the former Portuguese colony 25 years ago
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US stocks fall sharply and Dow tumbles 1,100 points after the Fed hints at just 2 rate cuts for 2025
U.S. stocks tumbled to one of their worst days of the year after the Federal Reserve hinted it may deliver fewer shots of adrenaline for the U.S. economy in 2025 than earlier thought
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Brazil's currency drops to weakest level yet as Lula's fiscal measures debated
Brazil’s real has fallen to its weakest level against the dollar since the currency was introduced in 1994, undercut by investors’ frustration with President Luiz Inácio Lula da Silva's efforts to rein in government spending
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Alberta's premier responds to Trump's trolling by saying Canada's oil helps make America wealthy
Alberta’s premier responded to President-elect Donald Trump’s trolling of Canada by saying the trade deficit with the country is due to billions of raw materials being sent south which creates trillions of wealth in America
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Federal Reserve cuts its key rate by a quarter-point but envisions fewer reductions next year
The Federal Reserve cut its key interest rate by a quarter-point — its third cut this year — but also signaled that it expects to reduce rates more slowly next year than it previously envisioned, mostly because of still-elevated inflation
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Fashion influencer Matilda Djerf apologizes following report she created a toxic workplace
A popular social media influencer has issued an apology after a Swedish tabloid published a report saying she created a work environment filled with fear and psychological pressure at her fashion brand
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Ontario's premier says Trump's tariffs would be a disaster for US markets
The premier of Canada’s most populous province says President-elect Donald Trump’s plan to impose sweeping 25% tariffs on all Canadian products would be a “disaster” that would hurt U.S. stock markets
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Iran's rial hits a record low, battered by regional tensions and an energy crisis
The Iranian rial has fallen to its lowest level in history, losing more than 10% of value since Donald Trump won the U.S. presidential election in November
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Nigerians press for solar jobs and electricity, with little success
In Nigeria, roughly 85 million people do not have access to electricity
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UK inflation increase solidifies expectations interest rates will be kept on hold
Inflation in the U.K. has risen to its highest level since March
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