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European Central Bank makes largest-ever interest rate hike to snuff out record inflation

The European Central Bank (ECB) made its largest-ever interest rate increase Thursday, following the US Federal Reserve and other central banks in a global...

US Markets in green on Friday; Dow 30 up over 345 points, Nasdaq Composite, S&P 500 up nearly 1%

US Markets were trading in the green on Friday with Dow 30 trading at 30,678.80, up by 1.14%. While S&P 500 was trading at 3,701.66, up by...

China confirms Xi Jinping to attend G20 summit

Foreign ministry spokesman Zhao Lijian told a regular press briefing Xi will meet US President Joe Biden and French counterpart Emmanuel Macron next week...

Pound drops to 37-year low against dollar amid fears of recession in Britain

It is worth mentioning that several major currencies have been struggling against the dollar in recent months. 

UK economy contracts in third quarter

Output shrank 0.2 percent in the July-September period, following a modest rise in the second quarter, the Office for National Statistics (ONS) said in...

IMF warns of higher recession risk and darker global outlook

Kristalina Georgieva, managing director of the IMF, told an audience at Georgetown University on Thursday that things are more likely to get worse before it...

Russia Ukraine War Effect: IMF dims outlook for 2023 global economy

IMF Managing Director Kristalina Georgieva, noting the grim backdrop to this week's fall meetings of the IMF and the World Bank in Washington, warned...

Asian markets trade in green on Wednesday; Nikkei 225 up by over 300 points, Shanghai Composite, KOSPI higher nearly 1%

Asia Markets were trading positive taking cues from their US peers. Dow 30, on Tuesday closed at 31,836.70, up by 337.12 points or 1.07%....

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