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Japan’s economy contracts in first quarter

By Reuters Tokyo (Reuters) — Japan’s economy contracted in the first quarter, squeezed by weaker consumption and external demand and throwing a fresh challenge to policymakers as the central bank looks to lift interest rates away from near-zero levels. Preliminary gross domestic product (GDP) data from the Cabinet Office on Thursday showed Japan’s economy shrank 2.0% annualized in the January

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Have you decided to retire abroad?

By Nicole Goodkind, CNN New York (CNN) — Retirement is expensive, and more Americans see spending their later years abroad as a good option to stretch their savings and improve their quality of life. The number of Social Security recipients living outside the US increased from 307,000 in 2008 to more than 450,000 in 2022.

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Grocery prices are finally falling

By Danielle Wiener-Bronner, CNN New York (CNN) — Food shoppers can finally breathe a slight sigh of relief: After years of increases followed by months of plateau, grocery prices fell last month. Grocery prices retreated 0.2% from March to April, adjusted for seasonal swings, according to inflation data released Wednesday by the Bureau of Labor

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