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President Luiz Inacio Lula da Silva of Brazil has expressed his willingness to consider Finance Minister Fernando Haddad's suggestions for spending cuts. However, he has made it clear that any fiscal adjustments must not come at the expense of the poor. This statement comes amidst mounting pressure on the government to reduce expenditures and achieve
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The latest research by Goldman Sachs economists has shed light on the potential consequences of U.S. immigration policies following the upcoming election. In 2020, net immigration to the U.S. soared to approximately 2.5 million individuals, significantly bolstering labor force and GDP growth, while also helping to mitigate wage pressures. Looking ahead to 2024, Goldman Sachs
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The box office has seen a resurgence in recent times, with Disney+ and Pixar maintaining a strong hold over moviegoers. Despite initial doubts about the impact of streaming services on theater attendance, it is clear that the release of “Inside Out 2” has generated significant buzz. The film is projected to have the biggest opening
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Boeing's Starliner capsule, named “Calypso,” is set to remain at the International Space Station for twice as long as originally planned, NASA announced on Friday. This extended stay is part of the developmental mission known as Boeing's crew flight test, which involves a series of tests being conducted on the Starliner while it is docked
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As central bank decisions in Britain, Switzerland, and Norway loom, the global rate cutting trend is expected to slow down, signaling a potential shift in monetary policy. The Bank of England is unlikely to cut rates before July 4th, shattering hopes for an immediate rate cut. Market expectations point towards easing in the near future,
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The recent decision by the Bank of Japan to trim bond buying in the future has sent shockwaves through the market. While the central bank has stated that it will continue to buy government bonds at the current pace, the lack of a specific plan regarding the reduction until the next meeting in July has
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The decision by the European Union to impose additional tariffs on Chinese electric vehicles has sparked backlash from China and various stakeholders involved in the dispute. Chinese state news agency Xinhua expressed hope that the EU would reconsider its tariffs and avoid hindering competition in the auto industry. The opposition from China and others emphasizes
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Oracle, a leading software maker, saw its shares spike by more than 12% to reach an all-time high following the announcement of cloud deals with Google and OpenAI. The database management company revealed plans to bring its database to Google's cloud in November, as well as partnering with Microsoft and OpenAI to provide supplemental computing
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Broadway is currently experiencing a surge in ticket sales and attendance as the Tony Awards approach. The latest data shows that box office sales for the week ending June 9 were up 7% compared to the previous week. In total, the 35 shows on Broadway grossed an impressive $36,011,651. This marks a 16% increase over
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The United Auto Workers President, Shawn Fain, is currently under investigation by a federal court-appointed watchdog, Neil Barofsky. The investigation is focused on determining whether Fain misused his power as the union president. Additionally, union leaders, including Fain, are being accused of obstructing the investigation and impeding the watchdog's access to crucial information. These actions
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