Is the US economy headed for a hard landing?
19 November 2022 | 10:23 am
The U.S. economy is “headed for a hard landing,” UBS economists say in a report, noting that, “Household spending has been weak. Households are running down savings. Credit card balances are rising. Goods spending remains very elevated.
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Almost all European chambers of commerce remain active in Myanmar nearly two years on from a military coup that ousted a democratically-elected government and sparked a civil war.
In his State of the Union address, US President Joe Biden underlined slowing inflation and low unemployment as signs that the country's economy is resilient and ready to compete with China in key sectors. Looking forward, he aims to reduce the deficit and raise the debt ceiling by increasing taxes on wealth.
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Disney CEO Bob Iger has criticised Florida governor and Republican presidential hopeful Ron DeSantis as being "anti-business" and "anti-Florida". The comments are part of an ongoing feud between the entertainment giant and DeSantis that started when Disney voiced its opposition to a state law banning education on LGBT issues in schools.
Viral photos appear to show a beached shark in the United States being rescued by local residents. But that is what the social media posts want people to think. The photos are actually fake, generated by artificial intelligence software, and their creator seemingly wants to take advantage of the confusion. We tell you more in this edition of Truth or Fake.
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