Artificial intelligence fever has swept Taiwan, lifting the island nation’s GDP by 8 percent in this year’s third quarter. However, that growth has overshadowed the country’s larger economic weakness.
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DOES THE ITALIAN NATIONAL BANK’S GOLD BELONG TO ‘THE PEOPLE’?
The Brothers of Italy, prime minister Giorgia Meloni’s ruling political party, has proposed that the gold now on the balance sheet of the Bank of Italy, should be declared the property of the Italian people.
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PLUG-IN HYBRID CARS ARE HAVING A MOMENT IN EUROPE
European drivers have discovered plug-in hybrid gas-electric cars (PHEVs), extending the market life of internal combustion engines and validating Toyota’s strategic decision years ago to focus on hybrids instead of all-electric cars (EVs).
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INDIA’S OIL DEMAND WILL GROW FASTER THAN CHINA’S IN 2026
Next year, for the first time, India’s growth in oil consumption will be greater than China’s, chief economist Saad Rahim at commodities trader Trafigura Group told the Financial Times Asia Commodities Summit last week.
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INDIA’S SLUGGISH STOCK MARKET LAGS OTHERS IN ASIA
India’s stock market is performing less well than the exchanges of other emerging economies and doing so by the widest margin this century, the Financial Times reported.
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DOLLAR STORES ARE RAKING IN THE DOLLARS
Dollar stores in the U.S. are doing a booming business as shoppers from all income levels seek to make their budgets go further, the Financial Times reported.
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AI STOCK MARKET FRENZY IS ALIVE AND WELL IN CHINA
At its debut last week on Shanghai’s stock market, Moore Threads—a maker of graphics processing units for artificial intelligence (AI) that is often referred to as “China’s Nvidia”—saw its share price soar 400 percent.
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CHINA WILL SEEK 5-PERCENT GDP GROWTH IN 2026, INSIDERS SAY
In 2026, China will again set a modest 5-percent GDP growth target, repeating the goal it set for 2025, according to government advisors and officials who spoke to Reuters.
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BIG BANKS OFFER MIXED, BUT POSITIVE, FORECASTS FOR U.S. EQUITIES IN 2026
Last week, major banks offered their forecasts for the U.S. stock market’s performance in 2026. They agreed share prices would continue to rise, though they differed over how much.
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CONSUMER SENTIMENT PERKS UP FROM DEEP LOWS
U.S. households were feeling a little better about the economy as December began, according to the University of Michigan’s monthly survey of consumer sentiment.