President Emmanuel Macron’s decision to appoint centre-right Michel Barnier as prime minister has sparked protests across France. Barnier, a conservative figure and the EU’s former Brexit negotiator, faces the challenge of leading a government without a clear majority. This poses significant obstacles as he seeks to implement reforms and address the country’s budgetary concerns. Left-wing
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The concept of a U.S. manufacturing revival has been a hot topic in political circles, with promises of restoring the industrial might that once defined the American economy. However, upon close inspection, it is evident that the manufacturing sector has been on a gradual decline for decades. While certain industries like semiconductors have seen modest
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Thailand’s newly elected Prime Minister, Paetongtarn Shinawatra, has expressed her commitment to stimulating the economy right away. In a recent special cabinet meeting, she outlined plans to continue the policies of her predecessor, Srettha Thavisin, with some adjustments. The focus will be on debt restructuring, supporting small and medium-sized enterprises, and boosting the agricultural and
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In today’s fast-paced world of investing and trading, it is crucial to conduct thorough due diligence before making any financial decision. The information provided on various platforms, including news websites, publications, and analysis reports, should be viewed as a starting point for your research, not as a definitive guide. Personal Responsibility It is important to
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The AUD/USD pair saw a decline to near 0.6735 during Friday’s European session, marking a 0.10% decrease on the day. Despite Reserve Bank of Australia’s (RBA) hawkish comments, the Australian Dollar failed to gain strength due to cautious market sentiment. The highlight of the day was the upcoming US Non-Farm Payrolls (NFP) report for August.
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China’s former central bank head, Yi Gang, emphasized the need for policymakers to prioritize boosting domestic demand during his speech at the Bund Summit in Shanghai. He highlighted the importance of combating deflationary pressures and improving domestic demand to address challenges such as the real estate market and local government debt issues. Yi emphasized the
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The GBP/USD pair has managed to stay above the 1.3100 mark, indicating that buyers are currently in control of the market. This is further confirmed by the Relative Strength Index (RSI), which is showing that the buyers are gaining momentum. The pair is now eyeing the 1.3200 resistance level, with the potential to challenge the
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