A stampede outside a Gaza Humanitarian Foundation (GHF) food distribution site near Khan Younis killed at least 20 Palestinians as desperation inside the enclave continues to grow.
Author: admin (Kendrick Williams)
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SPECIAL REPORT: TRUMP’S TARIFF WAR
U.S. government revenue from import fees reached a record $64 billion in this year’s second quarter, compared to just $17 billion during the same period in 2024, the treasury department reported.
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SPOTLIGHT: CHINA’S ECONOMIC STRUGGLE
Forty-two percent of U.S. businesses operating in China are being impacted by overcapacity as China’s domestic economy continues to deflate amid ongoing price wars, a survey by the U.S.-China Business Council found.
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SPECIAL REPORT: STABLECOINS ARE TAKING CRYPTO MAINSTREAM
On 17 July, the U.S. House of Representatives passed the first federal legislation governing stablecoins, legitimizing their broad use in finance and commerce. The 308-to-122 vote was broadly bipartisan.
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TOP TREND 2023: OFFICE BUILDING BUST
An expected recovery in Europe’s commercial real estate market has failed to materialize, leaving property prices close to their lowest in almost a decade, Reuters reported.
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EU IMPOSES NEW SANCTIONS TO PUNISH RUSSIA AS PEACE EFFORT CRUMBLES
The European Union (EU) announced its most significant sanctions yet against Russia and countries that do business with Moscow in an effort to hurt the country’s economy over its ongoing war with Ukraine.
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JAPAN’S EXPORTS DECLINE FOR A SECOND MONTH IN JUNE
After dropping by 1.7 percent in May, Japan’s exports shrank another 0.5 percent in June, year on year.
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U.S. ECONOMIC BRIEFS
U.S. retail sales rose 0.6 percent in June from May, while inflation ticked up only 0.3 percent over the same period.
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SPOTLIGHT: THE U.S. HOUSING MARKET SLUMP
During the first week of July, mortgage applications to purchase a home or refinance a loan were 10 percent fewer than in the week before as the interest rate on a 30-year, fixed-rate loan rose from 6.77 percent to 6.82 percent, the Mortgage Bankers Association (MBA) reported.
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MOST FORTUNE 100’S NOW MANDATE FULL-TIME OFFICE ATTENDANCE
For the first time since the COVID War began, more than half of Fortune 100 companies have brought their workers back to central offices full-time, according to a study by real estate firm Jones Lang LaSalle (JLL).