Economy

Why Beijing is cheering on the US debt ceiling fight

The US Capitol Building is seen on January 19, 2023 in Washington, DC. Anna Moneymaker | GettyImages The contours of divided government in Washington are now clear: The main point of contention is the looming debt ceiling deadline, and the main area of ​​agreement is addressing systemic competition with Communist China. While they can seem …

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European Central Bank raises rates by 50 basis points, pledges further hike in March

Christine Lagarde, president of the European Central Bank, speaks at an event. Bloomberg | Bloomberg | GettyImages The European Central Bank on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%. In a statement, he pledged to “stay the course in raising interest rates significantly at a …

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Shell reports record profits after Russia’s invasion of Ukraine : NPR

Activists from Greenpeace set up a mock-petrol station price board displaying Shell’s net profit for 2022. Daniel Leal/AFP via Getty Images hide caption toggle caption Daniel Leal/AFP via Getty Images Activists from Greenpeace set up a mock-petrol station price board displaying Shell’s net profit for 2022. Daniel Leal/AFP via Getty Images LONDON — Energy giant …

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ECB raises interest rate by Half Percentage Point

The European Central Bank raised its key interest rate by 0.5 percentage point, diverging from the Federal Reserve, and indicated it would enact a similar increase in March, as resilient economic growth in the eurozone and a rapid reopening of China’s economy are expected to keep inflation. high. The ECB’s move, its fifth large rate …

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US weekly jobless claims fall; layoffs surge in January

WASHINGTON, Feb 2 (Reuters) – The number of Americans filing new claims for unemployment benefits fell unexpectedly last week as the labor market remained resilient despite higher borrowing costs and mounting fears of a recession. Initial claims for state unemployment benefits dropped 3,000 to a seasonally adjusted 183,000 for the week ended Jan. 28, the …

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How Lamborghini-driving grinder conned dozens of investors out of $35m with fake weed business

David Bunevacz’s life looked too good to be true. The handsome international sportsman, who represented UCLA and the Philippines in the decathlon, roared around Los Angeles in his yellow Lamborghini, returning home to his wife – a former model – and daughter – a model – for lavish parties in the mansion once owned by …

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Woman makes $600.00 per MONTH after launching cleaning business at 23

A woman has detailed how she went from being financially dependent on her husband to becoming a self-made millionaire after starting her own cleaning business at the age of 23. Jennifer Hernandez has been sharing her story and giving advice to other aspiring entrepreneurs on her @tropicalcleanings_ TikTok page, which has earned more than 67,5000 …

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Home Depot co-founder, 93, slams ‘woke’ business leaders and ‘lazy’ office workers

The 93-year-old co-founder of Home Depot has attacked the current generation of business leaders for prioritizing ‘woke’ issues at the expense of their shareholders and employees. Bernie Marcus, whose Bloomberg estimates is worth more than $5billion, said he was dismayed to see the world’s business leaders meeting in Davos this year and advocating investment in …

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