Economic News
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Pope warns the Vatican pension fund needs urgent reform as employees demand transparency
Pope Francis is warning that the Vatican's troubled pension fund faces a “serious imbalance” and cannot guarantee future obligations without “urgent structural” reforms
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US applications for jobless benefits fall to 213,000, remaining near 7-month lows
The number of Americans applying for unemployment benefits fell again last week, remaining near seven-month lows
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Federal Reserve's likely slowdown in rate cuts could disappoint borrowers
Just a few weeks ago, the path ahead for the Federal Reserve looked straightforward: With inflation cooling and the job market slowing, the Fed appeared on track to steadily cut interest rates
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Workers at Kentucky electric vehicle battery production complex start drive to unionize
Workers hired for an electric vehicle battery production complex in Kentucky have launched a campaign to join the United Auto Workers
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A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
Target has reported sluggish sales and slumping profits in the fiscal third quarter as inflation-weary customers curtailed their spending on apparel and other non-essential items
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Snack judgment: Spanish court slaps supermarket that fired a worker for eating a croquette
A Spanish court has upheld a ruling that a supermarket worker was unlawfully fired for having eaten a croquette that was going to be thrown away after not having been sold from the store’s deli section
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Grocery chains vie for a place on Thanksgiving tables with turkey dinner deals and store brands
With Thanksgiving less than two weeks away, food retailers are trying to tempt Americans who haven't recovered from recent price inflation
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Higher energy bills push UK inflation to 6-month high in October
Inflation in the U.K. has risen sharply to a six-month high in October, cementing market expectations that there will be no further cuts in borrowing rates this year
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Greece hit by general strike as thousands of workers protest over the high cost of living
Large protests have been held in Greece as part of a 24-hour nationwide general strike called by labor unions timed to coincide with the government submitting its 2025 budget to Parliament
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California voters reject measure that would have raised minimum wage to nation-high $18 per hour
California voters have rejected a measure on the November ballot that would have raised the minimum wage for most workers to $18 an hour
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