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18.01.26 - 23:54
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China Data Due On Monday (AFX)
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CANBERA (dpa-AFX) - China will on Monday release a batch of data on Monday, highlighting a modest day for Asia-Pacific economic activity. On tap are Q4 figures for gross domestic product and Decem......
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18.01.26 - 23:42
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Starmer to Set Out Approach to US Alliance After Tariff Threat (Bloomberg)
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Prime Minister Keir Starmer is expected to reaffirm the UK's commitment to NATO in a press conference on Monday, after US President Donald Trump threatened to impose tariffs on the UK and other European nations if he couldn't reach a deal to buy Greenland from the Kingdom of Denmark....
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18.01.26 - 23:42
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Trump To Unveil Plan Allowing Homebuyers To Use 401(k) Funds For Down Payments (ZeroHedge)
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Trump To Unveil Plan Allowing Homebuyers To Use 401(k) Funds For Down Payments
Authored by Emel Akan via The Epoch Times (emphasis ours),
President Donald Trump will unveil a plan next week that would allow Americans to withdraw funds from their 401(k) accounts to use for a home down payment.
A for-sale sign is posted in front of a home in Las Vegas, Nev., on Aug. 8, 2025. Justin Sullivan/Getty Images
White House National Economic Council Director Kevin Hassett announced the plan during an interview with Fox Business on Jan. 16, adding that the details of the proposal are still being finalized.
He said Trump will announce the final plan in Davos next week.
“The Fed lifted interest rates so much that mortgage rates went through the roof,” Hassett said.
He pointed out that the average monthly payment for a typical family buying a home has nearly doubled, and the down payment required had risen from about $15,000 to around $32,000 during the Biden administration.
Hassett stated that significa...
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18.01.26 - 23:06
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China′s drug and medical device sector emerges as new engine of economic growth (SCMP)
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China's pharmaceutical industry, whose revenue is projected to rise by 50 per cent between 2024 and 2030, has emerged as a new growth engine for the national economy as leading players ramp up investment in research and production.
The country's drug and medical device businesses were forecast to top US$2.1 trillion in revenue by 2030 and US$3.2 trillion annually by 2050, according to estimates by UBS. In 2024, the sector generated about US$1.4 trillion in sales.
“An ageing population offers the......
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