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Germany’s PMI Shows Improvement Amid Structural Weaknesses
The Purchasing Managers’ Index (PMI) for the eurozone rose to 49.7 in October, up from 49.6 in September. This figure, however, fell short of the economists’ consensus of 49.8 reported by “The Wall Street Journal”. A PMI reading below 50 indicates ongoing contraction in the economy. The industrial PMI increased from 45 to 45.9, surpassing […]
House Republican rips ‘naivete’ of Biden admin’s $6B Iran prisoner swap deal
Rep. Mike McCaul, R-Texas, ridiculed the agreement orchestrated by the Biden administration for Iran to release five Americans in exchange for $6 billion in assets and jailed Iranians. “Reagan said trust but verify. I have to use the word naïveté,” McCaul, chairman of the House Foreign Affairs Committee, said during an appearance on “Fox News […]