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German govt spending plans at risk as court rules
German govt spending plans at risk as court rules
Economy
by  AFP

Germany's top court will decide Wednesday whether the government broke debt rules enshrined in the constitution, potentially throwing its spending plans into disarray and further fuelling tensions in the ruling coalition.

Asia extends global rally as US inflation slows more than thought
Asia extends global rally as US inflation slows more than thought
Economy
by  AFP

Equities surged Wednesday and the dollar struggled after slower-than-forecast US inflation was seen as all but putting to bed any chance of another interest rate hike, and even allowed traders to bet on a series of cuts in the new year. Data suggests they are now betting on as much as a one percentage point cut in rates through next year.