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China says exports rise for first time in seven months
China says exports rise for first time in seven months
Economy
by  AFP

Chinese exports rose in November for the first time in seven months, officials said Thursday, as the country navigates a troubled recovery from the Covid-19 pandemic. Officials have struggled to sustain a recovery from the impact of the pandemic, even after removing draconian containment measures at the end of 2022.

Stretched to breaking, Germany's debt rule faces reform
Stretched to breaking, Germany's debt rule faces reform
Economy
by  AFP

Germany's strict constitutional debt rule faces an overhaul after a shock court ruling blew a hole in the budget and left the government scrambling to make its sums add up. As well as pushing the 2023 budget beyond the limit of the debt brake, the ruling has left Germany with a 17-billion-euro ($18-billion) hole in its financial plan for 2024.

Asia tracks Wall St sell-off as US labour market softens
Asia tracks Wall St sell-off as US labour market softens
Economy
by  AFP

Asian stocks sank Thursday, extending a rollercoaster week across world markets as investors jockey for position ahead of key US jobs data, while oil struggled to bounce back after hitting a five-month low. Data on Thursday from payrolls firm ADP showing a smaller-than-forecast rise in private sector jobs reinforced views that the labour market and economy were slowing as inflation comes down.