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US economy bounces back to growth despite surging inflation | US economy

The US economy grew at a 2.6% annual rate from July through September, snapping two straight quarters of economic contraction and overcoming punishingly high inflation and interest rates. Thursday’s estimate from the commerce department showed that the nation’s gross domestic product – the broadest gauge of economic output – grew in the third quarter after...

ECB raises interest rates by 75 basis points to fight record inflation
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ECB raises interest rates by 75 basis points to fight record inflation

The European Central Bank piled on another outsized interest rate hike aimed at squelching out-of-control inflation, increasing rates Thursday at the fastest pace in the euro currency’s history and raising questions about how far the bank intends to go with the threat of recession looming over the economy. The 25-member governing council...

MPC to hold additional meeting on Nov 3 as inflation stays above target
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MPC to hold additional meeting on Nov 3 as inflation stays above target

The Reserve Bank of India’s rate-setting Monetary Policy Committee (MPC) will hold an additional meeting on November 3, the central bank said on Thursday. The RBI’s announcement comes after data released earlier this month showed that inflation had remained outside the MPC’s prescribed range for three successive quarters, resulting in a failure...

Emmanuel Macron calls for ‘Buy European Act’ to protect regional carmakers – POLITICO
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Emmanuel Macron calls for ‘Buy European Act’ to protect regional carmakers – POLITICO

PARIS — Emmanuel Macron called for a “Buy European Act” on Wednesday to protect carmakers on the Continent in the face of competition from China and in response to the United States’ own controversial scheme to incentivize domestic production. Speaking on TV channel France 2, the French president criticized the European Union as being “too...

MARKET LIVE: SGX Nifty hints positive open amid mixed global cues, up 50pts
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MARKET LIVE: SGX Nifty hints positive open amid mixed global cues, up 50pts

A positive open is likely for the domestic equity markets on Thursday amidst mixed global cues. At 8:15 am, the SGX Nifty quoted 17,880 levels, up over 50-odd points. Globally, weak quarterly earnings from tech stocks weighed on the Wall Street on Wednesday. Tech-heavy index, NASDAQ Composite lost over 2 per cent, whereas Dow...

The politics of inflation: Can Democrats buck history?
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The politics of inflation: Can Democrats buck history?

Two weeks before Election Day, most Americans are pessimistic about the economy – with inflation leading the list of economic concerns. After weeks of touting legislative wins aimed at helping struggling Americans, President Joe Biden has gone negative, training his sights on a Republican Party that appears poised to take over one if not both...