The Australian real estate market has seen a consistent increase in home prices for seventeen consecutive months. Despite challenges such as high interest rates, a cost of living squeeze, and strict lending conditions, national home prices rose by 0.7% in June. This growth is indicative of the strong demand for housing in the country. The
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China’s economy has been facing significant challenges in 2021, with manufacturing activity falling for the second consecutive month in June. The National Bureau of Statistics (NBS) purchasing managers’ index (PMI) recorded a reading of 49.5, below the 50-mark separating growth from contraction. This has led to calls for further stimulus to help the economy recover.
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German Finance Minister Christian Lindner is standing his ground against pressure from members of his government coalition to backtrack on his proposal for significant personal income tax cuts. The plan, unveiled earlier this month, aims to implement cuts totaling 23 billion euros by 2026, with adjustments to the tax-free allowance and the income threshold for
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Recently, a federal judge in Texas made the decision to temporarily block a Biden administration rule that aimed to extend mandatory overtime pay to 4 million salaried U.S. workers. U.S. District Judge Sean Jordan, an appointee of Republican former President Donald Trump, raised concerns about the rule’s basis for eligibility for overtime pay. The rule
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The global equity market saw a surge in investments with the biggest weekly inflows in more than three months, as investors anticipated moderating U.S. inflation levels and potential interest rate cuts by the Federal Reserve. This surge is a clear indication of positive market sentiment and expectations for future market conditions. Strong Demand for U.S.
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