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US retail sales jump in sign of demand

Bloomberg US retail sales rose unexpectedly in August as a pickup in purchases across most categories more than offset weakness at auto dealers, showing resilient consumer demand for merchandise. The value of overall retail purchases climbed 0.7% last month following a downwardly revised 1.8% decrease in July, Commerce Department figures showed. Excluding autos, sales advanced 1.8% in August, the largest ...

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Putin’s ruling party set to clinch victory in legislative elections

Bloomberg President Vladimir Putin’s ruling party is set to win a decisive victory in legislative polls despite simmering discontent after sidelining political opponents. While Putin personally retains broad support, according to polls, his United Russia party recorded some of the lowest ratings in nearly a decade earlier this year, scorned by voters angry over stagnant living standards and unpopular policies. ...

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Morrison: France knew of submarine concerns

Bloomberg Australian PM Scott Morrison said France was aware of Australia’s concerns on the capability of submarines being built by the European nation, defending his government’s decision to sign a new deal for nuclear-powered ones. Australia understands France’s disappointment but the decision was made on “sovereign, national defense interests,” Morrison said. “Ultimately, this was a decision about whether the submarines ...

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