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IMF’s Georgieva identifies US, China as main sources of global imbalance
According to IMF Managing Director Kristalina Georgieva, the United States and China are the principal contributors to global economic imbalances. European countries have also played a role by delaying needed...
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India named fastest‑growing major economy
India is the world’s fastest‑growing major economy, the International Monetary Fund concludes. The fund raised its growth forecasts sharply: India’s GDP is now projected to expand by about 7%...
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Trump announces large‑scale resource extraction and missile defense deployment in Greenland
President Donald Trump announced the imminent start of large‑scale geological exploration and the extraction of oil, gas, and critical minerals in Greenland. The US leader stressed the strategic importance...
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IMF urges urgent fiscal measures as US debt tops $40 trillion
The United States cannot overcome the crisis of rising government debt solely through faster economic growth, IMF Managing Director Kristalina Georgieva said. The fund chief noted that the White House...
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Elon Musk emerges as top donor in US midterm campaign
Elon Musk, founder of SpaceX and Tesla, has become the largest financial backer of the Republican Party and the most influential donor in the current US midterm campaign...
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US small business optimism falls to three‑month low
Sentiment among US small business owners deteriorated notably last month: the small business optimism index fell 0.8 points to 97.9. Bloomberg reports the decline was recorded across...
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Moscow remains top oil exporter to China, accounting for 30% of August imports
Russia retained its position as the top oil exporter to China in August, OPEC’s October report shows. Russian crude accounted for 30% of China’s imports in the last month...
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People’s Bank of China gives Visa green light for local clearing entity
Visa, the world’s largest credit card network, has received approval from the People’s Bank of China to begin preparations to enter the mainland payments market, Interfax reports. The US company...
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Merz pledges to cut Germany’s electricity tax to EU minimum
Chancellor Friedrich Merz has announced plans to cut the electricity tax for all consumer categories to the minimum level permitted within the European Union. The statement followed consultations with conservative...
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France GDP stalls at 0.1% in Q3 as recovery loses momentum
France’s economy grew by just 0.1% in the third quarter, according to estimates from the national central bank. The euro area’s second‑largest economy showed only a modest pickup after three...
