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U.S. Job Growth Slows Significantly, Falling Short of Expectations

The U.S. economy added 818,000 fewer jobs between April 2023 and March 2024 than initially estimated. Revised data indicates an average monthly job growth of...

H&M to Close Afound Online Store by Year-End Due to Low Demand

H&M will shut down its Afound online store by the end of this year due to insufficient demand. The decision was influenced by brands increasingly...

Canadian Banks to Increase Provisions for Credit Losses by Over a Quarter

Six largest Canadian banks are expected to allocate over CAD 4 billion in credit loss provisions for Q3 Projected 27% year-over-year increase driven by rising...

McDonald’s Announces Major Expansion in the UK and Ireland

McDonald's plans to open over 200 new restaurants in the UK and Ireland within the next four years The expansion will create approximately 20,000 new...

U.S. Crude Oil Inventories Drop Sharply Last Week

Crude oil inventories in the U.S. fell by 4.6 million barrels to 426 million barrels in the week ending August 16. Gasoline stocks decreased by...

Ford Cancels Plans for Three-Row Electric SUV Amid EV Market Challenges

Ford has canceled plans to produce a three-row electric SUV due to a weakening electric vehicle (EV) market. The decision will result in a financial...

China Reduces New Coal Plant Approvals by 80% in First Half of 2024

China has significantly reduced the number of approvals for new coal-fired power plants by nearly 80% in the first half of 2024. The combined wind...

UK Budget Deficit Surges in July to Three-Year High, Surpassing £3 Billion

UK budget deficit hit £3.1 billion in July 2024, marking the highest July deficit in the past three years. This result significantly exceeded economists'...

Oil Prices Edge Higher Amid Supply Concerns and Geopolitical Tensions

Brent Crude and WTI see moderate gains due to ongoing supply concerns and geopolitical tensions in the Middle East. Brent Crude is trading at approximately...

Japan’s Export Growth Accelerates in July, But Import Surge Leads to Trade Deficit

Japan's export growth accelerated significantly in July, rising 10.3% year-on-year, up from 5.4% in June. This growth was driven primarily by the weaker yen,...

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