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Germany’s Business Climate Indicator Declines in December 2024

Germany’s Business Climate Indicator Declines in December 2024

The Ifo Business Climate indicator for Germany dropped for a...

UK Unemployment Rate Steady at 4.3% in August–October 2024

UK Unemployment Rate Steady at 4.3% in August–October 2024

The United Kingdom’s unemployment rate held steady at 4.3% from...

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BlackRock Expands its Footprint in Abu Dhabi: A Strategic Move Toward AI and Private Markets

BlackRock Expands its Footprint in Abu Dhabi: A Strategic Move Toward AI and Private Markets

BlackRock, the multinational investment management firm renowned for its pioneering financial products, has secured a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates. This approval, granted on November 18, 2024, is a significant step...
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Japan’s Machinery Orders Decline for Third Consecutive Month

Japan’s Machinery Orders Decline for Third Consecutive Month

Japan’s core machinery orders saw a continued decline in September 2024, signaling potential weaknesses in the country’s industrial sector. The orders, which exclude those for ships and electric power companies, dropped by 0.7% month-on-month to 852 billion yen, marking the...
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US Retail Sales Climb in October 2024: A Mixed Performance Across Sectors

US Retail Sales Climb in October 2024: A Mixed Performance Across Sectors

In October 2024, U.S. retail sales rose by 0.4% month-over-month, surpassing market forecasts of 0.3%. This marks a steady, albeit slower, growth compared to September’s upwardly revised 0.8% increase. Gains were driven by strong performances in electronics and appliance stores...
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China’s Retail Sales Surge in October 2024: A Bright Spot in Economic Growth

China’s Retail Sales Surge in October 2024: A Bright Spot in Economic Growth

China’s retail sales soared by 4.8% year-over-year in October 2024, marking the fastest growth since February and significantly outpacing the 3.2% increase in September. This impressive uptick exceeded market expectations of 3.8% and was fueled by a perfect storm of...
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UK Economy Contracts in September 2024: A Setback for Growth

UK Economy Contracts in September 2024: A Setback for Growth

In an unexpected turn, the British economy contracted by 0.1% month-over-month in September 2024, marking its first decline in five months. This was a sharp contrast to the 0.2% rise in August and significantly below forecasts of a 0.2% expansion....
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