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UN report says 1.1 billion people in acute poverty
UN report says 1.1 billion people in acute poverty
by  AFP

More than one billion people are living in acute poverty across the globe, a UN Development Program report said Thursday, with children accounting for over half of those affected. The five countries accounted for nearly half of the 1.1 billion poor people. af-nr/bjt/jgc

China to boost credit for property market, renovate 1 mn homes
China to boost credit for property market, renovate 1 mn homes
by  AFP

China said Thursday it would boost the credit available to the ailing property market and help renovate a million homes as it unveiled another round of measures to shore up the sector and try to reignite the economy. "An additional one million worn-out homes... will be renovated," he added.

ECB set to cut rates again as inflation cools
ECB set to cut rates again as inflation cools
by  AFP

European Central Bank policymakers meet on Thursday with fading price pressures and weaker economic activity in the eurozone nudging them towards making another cut to interest rates. "The ECB is on a path to cut interest rates at each one of the next five policy meetings," including Thursday's gathering, HSBC bank analyst Chris Hare said.

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