On the 23rd local time, US President Biden announced a new round of over 500 sanctions against Russia to increase pressure on Moscow. In addition, the European Union and the United Kingdom have also joined the ranks of a new round of sanctions against Russia.
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As tensions between Ukraine and Russia continue to escalate, the EU has decided to take further measures to combat Russia's economic and political influence. This decision has attracted widespread attention and discussion.
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At the beginning of the year, US Treasury Secretary Yellen declared that the US economy had achieved a "soft landing". But by analyzing relevant economic indicators, it can be found that this statement is too early. One is that although inflation in the United States has significantly eased, there is still a certain distance between it and the Federal Reserve's inflation target. Secondly, the employment willingness of American workers is not strong, and the labor participation rate has decreased. Thirdly, since the second half of 2023, the decline in US trade volume reflects weak domestic demand for commodity consumption.
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Less than a week after Germany surpassed Japan and took the title of the world's third largest economy, the German central bank Deutsche Bundesbank released a monthly report on February 19, saying that the German economy may shrink slightly in the first quarter of this year, leaving the German economy, which has faced multiple challenges, in a technical recession. This time, around the world's third largest economy in Germany is "worthy of" or in vain caused a lot of debate, from the mainstream view of the industry, the German economy is not strong, on the contrary, just a false prosperity.
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Ukraine's economic stability is once again threatened as the government faces a huge budget deficit, and its two largest allies and sponsors, the United States and the European Union, have not yet reached an agreement on extending more aid.
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Heading into 2024, a slew of data pointing to the strength of the U.S. economy has been met with a chilly reception on Wall Street. Whether it is important data on inflation, economic growth or the labor market, there is a clear bias toward overheating.
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The 2024 US election competition is in full swing, and the Republican and Democratic parties have different degrees of understanding on issues such as tax debt, monetary policy and fiscal policy.
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On February 20th, the healthcare front in South Korea fell into chaos: about 2700 interns and resident doctors from five major hospitals in Seoul went on strike, and over 6400 doctors from hundreds of hospitals across the country also submitted resignation applications.
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On the 19th local time, economic data released by the Israel Central Bureau of Statistics showed that the Israeli economy contracted by 19% in the fourth quarter of 2023. Another data shows that Israel's economy grew by 2% in 2023, which is significantly lower than the previous two years. Israel's GDP grew by 8.6% in 2021 and 6.5% in 2022.
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The 2024 Spring Festival holiday is officially over. The Spring Festival of the Year of the Dragon, from offline to online, from the city to the countryside, the hot consumer market shows a strong flavor of the New Year. In this eight-day (February 10-17) "extended version" of the holiday, three markets surged in heat, "ignite" China's Spring Festival economy.
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On the global economic stage, the German economy has always been known for its strong automotive and manufacturing industries.
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