Economic News
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US applications for jobless benefits last week were unchanged from 213,000 the week before, as layoffs remain low
US applications for jobless benefits last week were unchanged from 213,000 the week before, as layoffs remain low
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Key takeaways from China's new 5-year economic blueprint and growth target
China has set an economic growth target at the slowest since 1991 at the opening of its annual national congress, in what some economists interpreted as a reflection of pragmatism as a weak domestic economy bites
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China sets a lower economic growth target of 4.5% to 5% for 2026 as challenges loom
China has set an economic growth target of 4.5% to 5% for this year, a slight decrease in the face of a prolonged property slump and other headwinds and global uncertainty
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War with Iran chokes flows of oil and natural gas, highlighting energy security risks for Asia
The war with Iran is disrupting oil and LNG shipments through the Strait of Hormuz, a key artery for global energy trade, sending prices higher and threatening global growth
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US issues first commercial construction permit for a nuclear reactor in years to a Wyoming project
The U.S. Nuclear Regulatory Commission has issued its first construction permit for a commercial nuclear reactor in eight years
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Judge rules companies are entitled to refunds for Trump tariffs overturned by the Supreme Court
In a defeat for the Trump administration, a federal judge in New York ruled Wednesday that companies that paid tariffs struck down last month by Supreme Court are due refunds
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Judge rules companies are entitled to refunds for Trump tariffs they paid but that were overturned by the Supreme Court
Judge rules companies are entitled to refunds for Trump tariffs they paid but that were overturned by the Supreme Court
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US stocks rebound after strong economic updates and as oil prices stop spiking
The U.S. stock market rebounded after oil prices stopped spiking and reports gave encouraging updates on the economy
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Spain's government denies cooperating with US operations in Mideast, contradicting White House
Spain’s foreign minister has denied that the government has changed its position on supporting the U.S. military operations against Iran
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China's factory activity contracts for a second month
China says its factory activity contracted for a second straight month in February
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