Economy - PRESS AI WORLD
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ECONOMY
Japan's economy experiences unexpected contraction amid US tariff tensions

Japan's economy contracts unexpectedly, with GDP shrinking as trade tensions with the US escalate.

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ECONOMY
Escalation of Drone Attacks in Sudan Causes Widespread Blackouts and Humanitarian Crisis

Drone strikes in Sudan by the RSF lead to extensive power outages and deepening humanitarian issues, exacerbating the ongoing civil war's toll on citizens.

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ECONOMY
Dick's Sporting Goods to Acquire Foot Locker for $2.4 Billion

Dick's Sporting Goods announces the $2.4 billion acquisition of Foot Locker as part of a series of major retail consolidations.

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ECONOMY
California Governor Newsom Reveals $12 Billion Budget Deficit, Blames Trump Administration

California faces a $12 billion budget deficit, with Governor Newsom attributing the shortfall to federal policies under Trump.

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ECONOMY
US and China Reach Historic Agreement to Slash Tariffs Amid Trade Tensions

The US and China have agreed to cut tariffs as a ceasefire in their trade war, but analysts warn of continued tensions ahead.

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ECONOMY
Bangladesh Secures $1.3 Billion from IMF as Economic Reforms Advance

Bangladesh is set to receive $1.3 billion from the IMF, focusing on crucial economic reforms amid rising challenges.

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ECONOMY
Republicans Pursue Major Medicaid Cuts Amid Controversial Bill Progression

Proposed Republican cuts to Medicaid could affect millions as part of Trump's legislative agenda under new legislation.

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ECONOMY
India Proposes Retaliatory Tariffs on US Goods Amid Trade Negotiations

India plans retaliatory tariffs on US products in response to ongoing trade tensions, potentially impacting negotiations.

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ECONOMY
Trump Administration Cuts Tariffs on Small Packages from China Amid Trade Truce

Trump slashes tariffs on small packages from China, impacting e-commerce giants and Hong Kong exporters as part of a 90-day trade truce.

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ECONOMY
U.S. Egg Prices See Significant April Decline Amid Persistent Bird Flu Challenges

In April, U.S. egg prices dropped significantly, marking the first month-to-month decline since October 2024, yet they remain historically high.

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