One of India's Batsmen

Here’s how and where it’s occurring. This Midwest hub is the first big US city to successfully control inflation, and other areas are starting to follow suit.

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Although the national inflation rate has decreased recently, millions of Americans still find it to be too high. Not so in Minneapolis, the first significant American metropolis to successfully control inflation. The Minneapolis-St. Paul-Bloomington region’s official inflation rate for May was 1.8%, which was lower than the rate for any other large metro area and … Read more

According to UK Finance Minister Hunt, inflation is expected to decline.

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Inflation is on track to be cut in half by the end of 2023, according to British Finance Minister Jeremy Hunt, who also pledged to concentrate on the aim as he outlined his top priorities in advance of the return to session of parliament after the summer recess. By the end of the year, the … Read more

Why the World Bank-Inter-American Development Bank Agreement Matters and What Comes Next

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As the phrase goes, insanity is doing the same thing repeatedly and expecting a different outcome. A new strategy is urgently needed because Latin America and the Caribbean (LAC) is now expected to grow at just 1.9 percent this year and 2.2 percent next year, the lowest growth rates of any developing area outside of … Read more

Despite a boost from Shopify, the S&P/TSX composite fell, while U.S. stock markets were divided.

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While U.S. stock markets were mixed on Thursday, Shopify Inc.-led gains in technology stocks following its agreement to assist merchants in integrating with Amazon.com Inc. couldn’t stop a little decline in Canada’s main stock index. According to Brian Madden, chief investment officer at First Avenue Investment Counsel, the markets took some “pretty modest action” on … Read more

Focus on U.S. data as Euro zone rates are expected to decline this week.

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Reuters, September 1 – The dispute over the European Central Bank’s September rate decision was not resolved by inflation data, and investors saw a less hawkish posture by ratesetter Isabel Schnabel, which contributed to a weekly decline in the yields on euro zone government bonds. Before U.S. job numbers, which could give the market a … Read more

JPMorgan is being sued by the US Virgin Islands for supporting Epstein’s sex trafficking.

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Attorneys for the U.S. Virgin Islands told a New York federal judge on Thursday that JPMorgan was a full-service bank for Jeffrey Epstein’s sex trafficking in a request for summary judgement in a lawsuit seeking $190 million in damages from the banking giant for failing to stop underage sex trafficking for more than ten years. … Read more

US consumer expenditure is increasing, and falling savings are a concern.

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Although Americans spent more money on goods and services in July than they had in the previous six months, predictions that the Federal Reserve would leave interest rates steady next month were solidified by monthly inflation rates that were declining. The likelihood of a recession this year was further reduced by the report from the … Read more

Delayed budgets, according to the DOD finance chief, are a challenge.

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In addition to the DOD’s regular, basic budget, the Defence Department’s financial management community achieved an unprecedented feat last year by generating four supplemental budgets with amazing quickness. “The National Defence Strategy outlines our security priorities, defending the homeland, paced to the… growing threat posed by the People’s Republic of China across many domains—from cyber … Read more

Banxico increases economic growth projections due to robust US trade

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Mexico’s central bank increased its economic growth forecast for this year and the following year, indicating that activity is above expectations in large part because of robust trade with the US. According to the central bank’s quarterly report released on Wednesday, Banxico increased its projection for growth in 2023 from 2.3% to 3%. The bank … Read more

EV startup in China Hozon raises US$960 million in pre-IPO funding and seeks to increase its presence both domestically and globally.

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has secured pre-IPO financing worth 7 billion yuan ($960 million), as the Chinese electric vehicle (EV) start-up prepares to enter the Southeast Asian market. The Shanghai-based automaker announced the completion of the crossover financing round on Tuesday night, marking the first time it had raised new funds since July 2022. The names of the investors … Read more

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