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Deadlock deepens: Democrats, Republicans block funding plans; US heads toward first shutdown since 2019

File photo (Picture credit: AP) The US federal government officially entered a shutdown after Democrats and Republicans failed again to pass competing funding plans in the Senate, deepening the partisan standoff over federal spending and health care.On a 55-45 vote, the GOP proposal to extend funding until November 21 fell short of the 60 votes…

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China slowdown deepens: Factory output, retail sales miss forecasts; property slump, weak demand fuel stimulus calls

China’s economy lost further steam in August, with factory output and retail sales both underperforming expectations, raising pressure on Beijing to roll out fresh stimulus as weak consumption and a property slump weigh on growth.According to data from the National Bureau of Statistics (NBS), industrial output rose 5.2 per cent year-on-year in August, slowing from…

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