Sales of luxury items have crumbled during this decade’s inflation surge but had shown signs of recovery in the U.S. early this year.
Category: 13 October 2026
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FRANCE IS LOCKED IN A DEBT SPIRAL
To crawl out from under its growing national debt, France needs to grow its economy.
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CHINA AGREES TO SLASH EV DELIVERIES TO EU BY HALF
China and the European Union (EU) have negotiated a “shared understanding” that will “moderate” China’s exports of all-electric and hybrid passenger vehicles to the EU over the next four years, Maros Sefcovic, the EU’s trade commissioner, announced on 9 October after two days of talks in Beijing.
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WHY CHINA IS UNABLE TO STIMULATE ITS DOMESTIC ECONOMY
For years, Beijing has resisted economists’ urging to stimulate its domestic economy. Many have suggested sending cash gifts directly to households.
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STATE SPENDING SPURS GERMAN ECONOMY TO FOUR-YEAR GROWTH SPURT
Germany’s economy will grow by 1.3 percent this year, according to a forecast by the government of chancellor Friedrich Merz.
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SPOTLIGHT: THE OIL MARKET APPROACHES A TIPPING POINT
THE WORLD’S USABLE OIL RESERVES ARE ABOUT GONE, EXECUTIVES SAY The world’s available reserve supply of oil has fallen below six billion barrels, barely a 50-day supply, industry executives told Reuters at last week’s Energy Intelligence Forum in London. The global reserves have been steadily drawn down since March, following the onset of the Iran War on 28......
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IRAN WAR THREATENS ‘PROLONGED INSECURITY’ IN THE ENERGY MARKETS: REPORT
The Iran War shows no signs of ending, and the Houthis are carrying out bolder attacks on Saudi Arabia, which threatens to become a regional war that inflicts “prolonged insecurity” on the global energy market, according to The New York Times.
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RICH GET RICHER: OLDER, WEALTHIER AMERICANS GOT ‘MUCH RICHER’ SINCE COVID-19 OUTBREAK
A newly released Federal Reserve survey revealed that older and wealthier Americans have seen their wealth increase at higher levels than the typical American family.
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FRENCH CAR COMPANY SEEKS NEW LIFE IN WEAPONS OF DEATH
Renault, the French car company, has joined a list of European manufacturing companies that have turned to weapons production to profit from the militarization of Europe.
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MARK LEVIN’S STEPSON PLAYING THE ROLE OF TOP AIDE TO U.S. AMBASSADOR TO ISRAEL REPORTEDLY SUPPRESSED DIPLOMATIC CABLES THAT THREATENED TO PUT ISRAEL IN A BAD LIGHT
David Milstein, the stepson of Fox News’s pro-Zionist fanatic Mark Levin, who is Ambassador Mike Huckabee’s top aide in Israel, faced scrutiny for reportedly killing diplomatic reports that would have put Israel in an unfavorable light, The New York Times reported last week.