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UK’s Hunt seeks budget plan to make recession short, shallow

  Bloomberg The UK’s new financial plan will seek to make any recession as short as possible, Chancellor Jeremy Hunt said. “I want to make sure that this recession, if we are in one, is as short and shallow as possible,” Hunt said in an interview on Sky News. The UK economy shrinks in the third quarter for the first ...

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Swiss workers face sharpest loss in real wages in 80 years

  Bloomberg Swiss workers face the largest loss in real wages since 1942, with the country likely to dodge a wage-price spiral due to low salary increases, according to a UBS survey. Employers lifted pay by an average 1.1% this year and intend raise them by 2.2% in 2023, 290 surveyed companies told UBS. Taking inflation into account, this translates ...

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Toronto home price slide slows in October

  Bloomberg A multimonth slide in Toronto home prices slowed in October, as sellers stepped back in hope the market will improve if they wait. The benchmark price for a home in Canada’s largest city fell 1.1% in October to C$1.1 million ($802,217) according to data released Thursday by the Toronto Regional Real Estate Board. That’s the smallest decline in ...

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