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EU strikes budget reform deal after two-year wrangle
EU strikes budget reform deal after two-year wrangle
Economy
by  AFP

The EU agreed reforms Wednesday that will loosen budget rules with the goal of encouraging investments while keeping debt and spending under control, after France and Germany bridged their differences. Dutch minister Sigrid Kaag said: "This agreement provides for fiscal rules that encourage reforms, with room for investments and tailored to the specific situation of the member state in question.

US home sales edge up in November but still gloomy
US home sales edge up in November but still gloomy
Economy
by  AFP

Sales of US existing homes crept up in November, according to industry data released Wednesday, though they remained at a low level as high mortgage rates weigh on activity. But NAR chief economist Lawrence Yun sounded an optimistic note, saying that the persistently low sales figures reflect the situation in most of October when mortgage rates were at a two-decade high.