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The disconnect underlying this economic miracle

There’s a jarring disconnect at the heart of Australia’s 28-year economic miracle. The direction of the central bank’s latest forecasts has been clear: Estimates for the pace of growth were axed to 1.75 percent in the year to June 30, compared with 2.5 percent anticipated just three months earlier. Inflation, hovering below target since 2015, won’t climb back to the ...

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Electric vehicles mean more power to you

Bloomberg NEF’s latest annual outlook for electric vehicles is here. As usual, there’s a lot packed into those 130-odd pages. Here are two nuggets to get you started. First, Bloomberg NEF forecasts sales of electric passenger vehicles – mostly all-electric but including plug-in hybrids – to overtake sales of those running solely on internal combustion engines in 2038. That sounds ...

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Stocks fall as trade war hits technology; bonds steady

Bloomberg US equity futures dropped alongside stocks in Europe as the fallout of White House moves against Chinese telco giant Huawei rippled through the technology industry. Bonds pared an earlier loss while crude oil advanced. Contracts on the Nasdaq 100 led US declines and pointed to a weak opening in New York, while software and chip maker shares helped pull ...

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