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Americans in Paris get more bang for their buck as euro slides
Americans in Paris get more bang for their buck as euro slides
by  AFP

As the dollar enjoys near-parity with the euro, Americans returning to Paris in droves after two years of Covid restrictions find that their greenbacks go a much longer way than they used to. The euro slipped to parity with the dollar for the first time in nearly 20 years this month, as a cut in Russian gas supplies to Europe heightened fears of a recession in the eurozone.

Rishi Sunak, a 39-year-old high-flying business investor who only entered politics five years ago, has enjoyed a rapid rise to become Britain's new finance minister.
Rishi Sunak, a 39-year-old high-flying business investor who only entered politics five years ago, has enjoyed a rapid rise to become Britain's new finance minister.
by  AFP

Before his spectacular falling-out with Boris Johnson, former finance minister Rishi Sunak was on a rapid rise that could still end with him installed as Britain's first prime minister of colour. He was the first person born in the 1980s to hold one of the so-called four great offices of state: prime minister, chancellor, foreign secretary and home secretary.

US home sales fall again in June as prices hit new record
US home sales fall again in June as prices hit new record
by  AFP

US home prices hit another new peak in June amid short supply, while existing home sales fell for the fifth straight month amid the ongoing rise in mortgage rates, according to industry data released Wednesday. Separate data from the Mortgage Bankers Association released Wednesday showed demand for home loans fell 6.3 percent last week, in the third consecutive decline.

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