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US Dollar Slips to 5-Month Low Against the Euro Amid Fed Rate Cut Expectations

US Dollar Slips to 5-Month Low Against the Euro Amid Fed Rate Cut Expectations

The US dollar has slipped to a five-month low against the euro and several other currencies, The US dollar has slipped to a five-month low against the euro and several other currencies, driven by expectations that the Federal Reserve might soon implement interest rate cuts.


2 Cities in China Halt Heavy Industries to Combat Pollution

Two cities in northwestern China have implemented preventive measures to address an anticipated heavy pollution surge in the coming days.

US Buys 3 Million Barrels of Oil to Replenish Strategic Reserve

The United States has successfully finalized contracts to buy three million barrels of oil to help replenish the Strategic Petroleum Reserve (SPR) following last year's record-setting sale, the US Department of Energy disclosed.

Mexico Launches Army-Run Airline Mexicana, With First Flight to Resort of Tulum

Mexico launched its army-run airline on Tuesday when the new Mexicana de Aviacion airline's first flight took off from Mexico City.


Latest News

'The Color Purple' Sets a New Box Office Record as the Second-Highest Christmas Debut of All Time
Warner Bros. Discovery's latest film, "The Color Purple," has outperformed expectations after earning the second-highest Christmas Day opening of all time.
Israel Gives Intel $3.2 Billion Grant for New $25 Billion Chip Plant, Biggest Ever Foreign Investment in Country
The Israeli government has approved to give Intel a $3.2 billion grant for its upcoming $25 billion chip plant in southern Israel.
Joe Biden Criticizes Media for Negative Coverage of US Economy
President Joe Biden has expressed frustration over the media's portrayal of the US economy. President Joe Biden has expressed frustration over the media's portrayal of the US economy, as he faces mounting backlash from voters over his handling of inflation and a decline in his approval ratings.
Russia Lacks Nearly 5 Million Workers This Year as Ukraine War Drains Its Labor Force: Report
Russia is reportedly grappling with a significant shortage of workers, with a deficit of around 4.8 million employees this year.
Manchester United Sells 25% Ownership to British Petrochemical Billionaire Jim Ratcliffe
Manchester United has confirmed the sale of a 25% stake in the club to British billionaire and INEOS Chief Executive Jim Ratcliffe.
Shipping Giant Maersk to Resume Red Sea Voyages With US-Led Security Force in Place
Shipping giant Maersk has announced its readiness to resume sailing through the Red Sea following the launch of a US-led multinational naval operation.
China's Latest Crackdown on Video Games Triggers an $80 Billion Market Meltdown
China's announcement of draft rules aimed at curbing spending in online games and restricting incentives that encourage prolonged online engagement resulted in an $80 billion market selloff.
Joe Biden Celebrates 'Significant Milestone' in the Battle to Bring Down Inflation
The United States hits a "significant milestone" in the fight to bring down inflation, and President Joe Biden acknowledged this positive development in a statement.
Joe Biden Signs New Executive Order Targeting Financial Facilitators of Russia's Defense Industry
President Joe Biden has signed an executive order providing the US Treasury Department the authority to sanction financial institutions facilitating Russia's efforts to strengthen its military capabilities.
IMF Says Mexico Is Now the 12th Largest Economy in the World
Mexico has become the 12th largest economy in the world after it moved up two positions from last year, according to the GDP projections of the International Monetary Fund (IMF) for 2023.
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