China's economy last year grew at one of its slowest rates in more than three decades, official figures showed Wednesday, as it was battered by a crippling property crisis, sluggish consumption and global turmoil.
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US Fed expects interest rates to stay high 'for some time': minutes
All members of the US Federal Reserve's powerful rate-setting committee judged earlier this month that it would be appropriate to keep interest rates high "for some time" in order to tackle inflation, minutes of the meeting released Tuesday show.
Hundreds of thousands of civil servants go on strike in Quebec
Several hundred thousand school, hospital and social services workers in Canada's Quebec province walked off their jobs Tuesday for the first day of what is billed as a historic strike to demand better pay and working conditions.
Argentina's Milei may find an unexpected friend in the IMF
What will the relationship be like between Javier Milei, Argentina's new self-described "anarcho-capitalist" president, and the IMF, with which the Latin American country has an ongoing $44 billion loan agreement?
Argentine markets react with optimism to Milei election
Argentina's stock market reacted with optimism Tuesday to the resounding election win by libertarian Javier Milei, despite the country being gripped by uncertainty over what changes the self-described "anarcho-capitalist" will bring.
Home sales in US slow in October to fresh 13-year low
Sales of existing homes in the United States slipped more than anticipated in October to a new 13-year low, according to industry data released Tuesday, on stubbornly low inventory and high mortgage rates. "While circumstances for buyers remain tight, home sellers have done well as prices continue to rise year-over-year, including a new all-time high for the month of October," he said.
Deliveroo riders not entitled to union rights: UK's top court
Food delivery riders for the firm Deliveroo are not entitled to trade union rights such as collective bargaining, the UK Supreme Court ruled on Tuesday. They said they agreed with lower court judgements that the staff are not in an "employment relationship" with Deliveroo and are therefore not entitled to collective bargaining rights.
Indonesia unveils investment plan for $20 bn energy transition pact
Indonesia on Tuesday launched an investment plan to attract $20 billion pledged by Western nations in a renewable energy transition pact agreed last year for the archipelago to slash emissions and wean itself off coal.
Chinese company gives leftover hotpot oil second life as jet fuel
At an upmarket restaurant in the hotpot-loving Chinese city of Chengdu, diners plunge sliced meat and vegetables into cauldrons of spicy, oily broth, largely unaware that their leftovers are set to take on a second life as jet fuel.
Asian markets extend US rally as rates confidence grows
Asian investors on Tuesday built on a Wall Street rally as analysts said a strong US Treasury auction indicated confidence on trading floors that the Federal Reserve is finished hiking interest rates.
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