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Month: October 2023

US economy accelerated to a strong 4.9% rate last quarter as consumers shrugged off Fed rate hikes

By CHRISTOPHER RUGABER AP Economics Writer WASHINGTON (AP) — The nation’s economy expanded at a robust 4.9% annual rate from July through September as Americans defied higher prices, rising interest rates and widespread forecasts of a recession to spend at a brisk pace. The economy expanded last quarter at the fastest pace in more than

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Embassy in Lebanon prepared to help 17,000 Canadians evacuate if necessary, ambassador says

By Spencer Van Dyk Click here for updates on this story     Ottawa (CTV Network) — Canada’s ambassador to Lebanon says the embassy and its staff are ready to assist the approximately 17,000 registered Canadians in the country should they need to evacuate, amid escalating tensions between Israel and Hezbollah. Stefanie McCollum told CTV’s Power Play

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Europe’s central bank halts rate hikes as war in the Middle East casts a shadow over the economy

By DAVID McHUGH AP Business Writer FRANKFURT, Germany (AP) — The European Central Bank has taken a break from interest rate increases. The pause announced Thursday follows 10 straight hikes, dating back to July 2022. That record pace of hiking was aimed getting painful inflation under control. But now inflation is down, and the Israel-Hamas

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Norwegian police investigate claim by Ingebrigtsen brothers that their father and coach was violent

By JAN M. OLSEN Associated Press Norwegian police have launched an investigation into allegations by the three Ingebrigtsen brothers that their father was violent and abusive when they were growing up. Gjert Ingebrigtsen had been their track coach at the Olympics and other events. The three brothers wrote in a newspaper op-ed last week that

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The number of military suicides dipped in 2022 as the Pentagon works on new prevention programs

By LOLITA C. BALDOR Associated Press WASHINGTON (AP) — U.S. officials say the number of suicides among military members and their families dipped slightly in 2022, compared with the previous year. This decline comes as the Defense Department tries to build prevention and treatment programs to address what’s been a steadily growing problem over the

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Nigeria’s Supreme Court refuses to void president’s election and dismisses opposition challenges

By CHINEDU ASADU Associated Press ABUJA, Nigeria (AP) — Nigeria’s Supreme Court has refused to void the election of President Bola Tinubu and dismissed the challenges brought by two losing candidates. The petitions had argued that February vote was flawed and that Tinubu was not qualified to seek or hold the presidency. The court held

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