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Relief at the Grocery Store: Thanksgiving Dinner Cost Falls for Third Straight Year
19 November 2025 Butterball frozen turkey, part of Walmart's basket of Thanksgiving goods, is displayed for sale at a store in Valley Stream, New York, U.S., November 6, 2025. REUTERS/Kylie Cooper Americans preparing the holiday feast this year are seeing a little breathing room at the checkout line. According to the American Farm Bureau Federation, the average cost for a traditional Thanksgiving dinner for ten people has dropped to $55.18, marking a 5 % decline from the prev
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Why Trump Is Rolling Back Tariffs on Beef, Coffee and Other Food Staples
15 November 2025 In a sharp pivot, Donald Trump this week announced a sweeping rollback of tariffs on more than 200 food items including beef, coffee, bananas and orange juice importantly in the face of mounting everyday pressure from voters dissatisfied with spiking grocery bills. The changes took effect retroactively at midnight and follow trade-framework agreements with several Latin American nations including Argentina, Ecuador, Guatemala and El Salvador that were struck
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UK economy inches forward with just 0.1% growth in Q3 as major auto cyber-attack drags output
13 November 2025 Credits: Sova Vitalij In the three months from July to September 2025 the UK economy grew by a mere 0.1 percent, down from 0.3 percent in the previous quarter a markedly weak performance that casts a long shadow over the government’s hopes for a robust recovery. The month of September alone saw the economy contract by 0.1 percent. The manufacturing sector bore the brunt of the setback, driven by a 28.6 percent collapse in motor vehicle production that month t
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Hong Kong cements its place as an essential engine of China’s trade growth
10 November 2025 The Central Financial District in Hong Kong, China, August 9, 2025. /VCG In the first three quarters of 2025, China’s mainland registered a 4 percent increase in goods trade compared to the same period last year, with growth accelerating each quarter 1.3 percent in Q1, 4.5 percent in Q2 and 6 percent in Q3. At the centre of this uptick is Hong Kong, whose trade with the mainland reached a record $261.56 billion over that span. Imports from Hong Kong surged by
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U.S. Retailers Face Cash-Crunch as Penny Production Ends
1 November 2025 Retailers across the United States are grappling with an unexpected operational headache following the decision to cease production of the US one-cent coin. With official minting halted earlier this year, convenience stores, gas stations, fast-food chains and major retailers are finding themselves short on pennies forcing them to reframe how they accept cash and manage change. The shortage stems from a directive by Donald Trump issued in February that instruct
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U.S. and China Near Trade Truce, Eyeing Leader-Level Deal at APEC Summit
26 October 2025 U.S. President Donald Trump speaks during the ASEAN-U.S. Summit in Kuala Lumpur, Malaysia, October 26, 2025. Vincent Thian/Pool via REUTERS In a significant shift after months of tension the Office of the United States Trade Representative (USTR) says talks with China are now heading toward a framework that could be signed by Donald Trump and Xi Jinping later this week. U.S. Trade Representative Jamieson Greer told reporters in Kuala Lumpur that the two sides
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New era of global trade headaches dawns as US-China rivalry reshapes economic outlook
19 October 2025 A U.S. flag flutters near a ship as it's containers are unloaded at the Port of Los Angeles, in San Pedro, California, U.S., May 1, 2025. REUTERS/Mike Blake Amid the ongoing tension between the United States and China, the global economic landscape appears to be shifting into what policymakers are calling a “new normal” one defined by structural uncertainty, supply-chain realignment and deepening skepticism about the resilience of globalization. At this week’s
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Washington and Beijing’s port fee standoff thrusts shipping into the heart of their trade war
14 October 2025 A cargo ship carrying containers approaches towards the Yantian port in Shenzhen, Guangdong province, China April 17, 2025. The long arc of U.S.-China tensions has now bent toward the oceans, as both nations on Tuesday activated reciprocal port fees targeting each other’s vessels in a move that could reshape global trade flows. The U.S. began imposing extra charges on vessels linked to China in a bid to reduce Beijing’s dominance in shipping, while China answe
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U.S. to impose a sweeping new 100 percent tariff on Chinese imports in next month’s escalation
11 October 2025 In a dramatic escalation of the trade war, President Donald Trump announced on October 10 that beginning November 1 the...
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HSBC moves to take full control of Hang Seng Bank in $13.6 billion privatization bid
09 October 2025 A logo of HSBC is seen on its headquarters at the financial Central district in Hong Kong, China August 4, 2020....
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UK workers confront a widening wealth chasm as asset gains concentrate at the top
07 October 2025 A view of the Bank of England and the financial district, in London, Britain, September 23, 2024. REUTERS/Mina Kim/File...
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Federal Shutdown Enters Sixth Day as Threat of Layoffs Haunts Hundreds of Thousands
06 October 2025 People walk near the U.S. Capitol Building during the fifth day of a partial government shutdown in Washington, D.C.,...
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UK Public’s Long-Term Inflation Fears Climb to 4.1% Amid BoE’s Rate Caution
26 September 2025 People sit outside a restaurant on the Southbank in London, Britain, August 27, 2024. REUTERS/Hannah McKay/File Photo A...
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Next CEO Warns UK Jobs Market Is Slipping
18 September 2025 Simon Wolfson, chief executive of the UK retailer Next, has issued a stark warning that Britain is facing a decline in...
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Consumers Spend Big Despite Worried Signals
16 September 2025 Shoppers browse a Walmart Supercenter, in Secaucus, New Jersey, U.S. April 3, 2025. REUTERS/Siddharth Cavale/File Photo...
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A New Tide of Investment for UK Ports and Green Shipping
15 September 2025 In a significant move timed with the start of London International Shipping Week, the UK government and private...
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UK inflation races ahead of expectations as the Bank of England wrestles with its easing plans
20 August 2025 London awoke to news that inflation in the UK rose to 3.8 percent in July, the fastest pace among all G7 economies and...
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Britain narrowly avoids stagnation with stronger-than-expected 0.3% GDP growth in Q2
14 August 2025 Britain's Chancellor of the Exchequer Rachel Reeves answers journalists’ questions at a Brompton flagship store in Beijing...
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UK employers hesitate to hire and hold back wages as cost pressures reshape the road ahead
11 August 2025 A drone view of London's Canary Wharf financial district in London, Britain, March 3, 2024. REUTERS/Yann Tessier/File...
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UK Pay Body Recommends 4.1% Minimum Wage Increase to Address Living Costs
5 August 2025 Getty Images On August 5, the UK’s Low Pay Commission (LPC), the independent advisory body responsible for framing national...
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