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German inflation hits double digits for first time in euro area

  Bloomberg German inflation reached double digits for the first time since the euro was introduced more than 20 years ago, surging more than anticipated after temporary government-relief measures ended and Europe’s energy crisis worsened. Consumer prices jumped 10.9% from a year ago in September, topping August’s 8.8% advance, the Federal Statistics Office said. That’s more than the 10.2% economists ...

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US jobless claims fall to lowest since late April

  Bloomberg Applications for US unemployment insurance dropped unexpectedly to a five-month low, led by a sizable decline in Michigan, suggesting robust demand for workers amid economic uncertainty. Initial unemployment claims decreased by 16,000 to 193,000 in the week ended September 24, after downward revision in the prior week, Labour Department data showed. The median estimate in a Bloomberg survey ...

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Canadian economy sputters into lower gear as interest rates bite

  Bloomberg Canadian economic activity remained weak through the summer and job vacancies fall, a clear sign growth has begun to sharply slow down. Gross domestic product was flat in August, preliminary data from Statistics Canada show, after gaining just 0.1% in July and June. Since April, growth has averaged just 0.1% on a monthly basis. In a separate report, ...

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