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Month: January 2024

Cutting interest rates too soon in Europe risks progress against inflation, central bank chief says

By DAVID McHUGH AP Businss Writer FRANKFURT, Germany (AP) — European Central Bank head Christine Lagarde says cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy. Lagarde is faced with market expectations for rate cuts as soon as March or April. But she underlined the bank’s

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‘Anything can happen.’ Inside the ‘real life reality show’ of the nine-month cruise

By Francesca Street, CNN (CNN) — Nine months. Seven continents. Hundreds of passengers in close quarters at sea. Millions more watching along online. Welcome aboard Royal Caribbean’s Ultimate World Cruise, which set sail a month ago and has unexpectedly captured the internet’s imagination. No, the cruise isn’t the first of its kind – months-long sea

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Retail sales up strongly in December as Americans showed continued willingness to spend

By ANNE D’INNOCENZIO AP Retail Writer NEW YORK (AP) — Americans stepped up their spending at retailers in December, closing out the holiday shopping season and the year on an upbeat tone and signaling that people remain confident enough to keep spending freely. Retail sales accelerated 0.6% in December from November’s 0.3% increase. Because spending

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