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Economic News and Analysis

The latest news and analysis about the health of the US economy.

Economic News

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    World
    Reuters

    France's Macron to discuss AI and economy on trip to Serbia

    French President Emmanuel Macron will use a trip to Serbia at the end of this month to discuss strengthening economic ties between the countries and Serbia's role in the AI sector, Macron's office said on Thursday. Serbia has positioned itself as a regional leader in AI research and will chair the Global Partnership on Artificial Intelligence - an initiative set up by Macron and Canadian Prime Minister Justin Trudeau to oversee the responsible development of AI - in 2025. Macron will hold talks with Serbian President Aleksandar Vucic during his trip to the country from August 29-August 30, added the French presidency.

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    Business
    Bloomberg

    French Economy Gets Olympic Boost as Germany’s Malaise Deepens

    (Bloomberg) -- French services expanded at the fastest pace in more than two years, driving Europe’s second-biggest economy as visitors from around the world flocked to Paris for the Olympic Games.Most Read from BloombergChicago's Migrant Surge Is Stirring Trouble for Democrats in DNC Host CityUK Transport Minister Clears Path for More 20mph Speed ZonesWith Self-Driving Vans, Hamburg Tries to Make Microtransit WorkThe Serious Work That Free Play Can DoS&P Global’s Purchasing Managers’ Index for

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    World
    Reuters

    Bangladesh to hike interest rates to 9% in coming days to tame inflation, cbank chief tells BBC

    The move comes after weeks of political unrest in the country fuelled a sharp rise in inflation, touching 11.66% in July, amid an ongoing struggle with shrinking reserves and exports from the mainstay garments industry taking a hit. Bangladesh Bank's new governor, Ahsan H. Mansur, appointed just a week ago, also said that he would raise interest rates further to 10% or more in the coming months. Mansur could not be immediately reached for a comment.