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UK economy grew by 0.1% in May despite impact of Iran war
The UK economy grew by 0.1% in May, according to the Office for National Statistics, recovering from a 0.1% decline in April and proving more resilient to the impact of the Iran war than some analysts had feared. The figures, in line with economists’ forecasts, are likely to be seized on by outgoing chancellor Rachel…
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Hong Kong bookshop arrests, US benefit-fraud crackdown and McGregor’s UFC injury exit
Five arrested in Hong Kong bookshop raids over “seditious” books, while US labour officials target unemployment fraud in New York; a wildfire-trapped Ontario rail crew is rescued, Conor McGregor suffers another knee injury against Max Holloway, and Nolan’s The Odyssey scores rave reviews.
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Vance warns there will be a ‘socialist president in this country’ if GOP doesn’t fix economy for young people
Vice President JD Vance warned on Joe Rogan's podcast that 40 years of offshoring businesses, outsourcing jobs and low-wage immigration have driven young Americans toward socialism.
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Trump’s Labor strike force deploys to New York to weed out staggering $2 million per day in fraud
The article says the US Department of Labor, working with a White House task force focused on fraud, has sent a strike team to New York to investigate and recover large sums lost through unemployment benefit fraud. According to the report, officials argue that the scale of the problem is unusually severe and say it…
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Defence Secretary announces ‘bright future’ for Sheffield Forgemasters as Britain spends billions on arms
The article says the Defence Secretary used a visit to Sheffield Forgemasters to argue the company has a “bright future” as the UK increases defence spending and places more emphasis on making military equipment at home. That matters because Forgemasters is a strategic manufacturer for Britain’s defence supply chain, so more orders could support jobs…
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As Trump’s NATO gamble pays off, envoy names allies he’s still watching
Ambassador Matthew Whitaker says allies added nearly $150 billion in defense spending as NATO pushes toward an ambitious 5% GDP target by 2035.
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Bessent credits Trump immigration policies with helping return jobs to Americans as wage gains resume
Treasury Secretary Scott Bessent says 1.82 million deportations are returning jobs to American workers and predicts real wage growth will resume soon.
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‘Toy Story’ Franchise Has Generated $51 Billion in Economic Activity, Study Finds
“Toy Story” helped launch Pixar when it premiered in 1995. More than 30 years and four films later, the family franchise has become a revenue-generating juggernaut for the Walt Disney Company and the global economy. The series has added $51 billion in overall economic activity since its inception, according to a study that Disney commissioned…
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Trump officials unveil private sector blueprint for life after USAID
Ambassador Mike Waltz says the Trump administration is replacing traditional foreign aid with private investment and trade to create jobs, cut dependency.
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Joe Biden’s Memoir Will Be Released In November Following Midterm Elections
Joe Biden’s memoir, Promise Me, America, will be released on Nov. 17, just weeks after the midterm elections. In a video, Biden said that the memoir would be “about the challenges we have faced as a nation, about the decisions I made, why I made them. Leading the country through Covid, rebuilding our economy and…