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What does hitting the debt ceiling mean for the US?
What does hitting the debt ceiling mean for the US?
by  AFP

The United States hit its borrowing cap of $31.4 trillion in January, prompting the start of measures to avoid a default as Democrats and Republicans head towards another clash on raising or suspending the country's debt limit.

EU unveils plan to counter US green subsidies, China competition
EU unveils plan to counter US green subsidies, China competition
by  AFP

The EU on Wednesday unveiled proposals including a controversial expansion of state aid rules to counter the threat to European industry from US green subsidies and unfair competition from China. The EU's competition chief Margrethe Vestager however insisted the bloc would act carefully and the relaxation of state aid rules would be "temporary, well targeted".

US manufacturing activity contracts for third month: survey
US manufacturing activity contracts for third month: survey
by  AFP

Activity in the US manufacturing sector shrank for a third straight month in January, hovering at the lowest levels since May 2020 as new orders and production slumped, according to survey data released Wednesday. In recent months, the manufacturing Purchasing Managers Index has been at its lowest levels since the pandemic recovery began.

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