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China Cuts Key Lending Rates Amid Efforts to Boost Economic Growth

CENTRAL BANK
China's central bank on Monday cut its main benchmark lending rates, marking the latest in a series of monetary easing measures aimed at reviving economic growth in the world's second-largest economy. The People's Bank of China (PBOC) lowered the one-year loan prime rate (LPR) by 25 basis points to 3.1% and the five-year LPR by the same margin to 3.6%. The LPR is used as a reference for most new and outstanding loans in China, while the five-year rate is closely linked to mortgage pricing.
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Germany Risks China’s Wrath as TSMC Breaks Ground on €10 Billion Chip Plant Amid Global Tech War
Taiwan Semiconductor Manufacturing Co. (TSMC) has officially commenced construction of its first European plant in Dresden, Germany. The €10 billion ($11 billion) project marks a pivotal moment for the continent.
Undocumented Spouses Face Tough Choices Despite Biden’s New Immigration Program
As the Biden administration opens the door for an estimated 500,000 undocumented spouses of U.S. citizens to gain legal status without leaving the cou
China
Ex-President Trump Heads to NYC for Court Appearance Amid Heightened Security Measures

Trump Targeted Again? Suspect Caught with Weapons and Fake Pass at Coachella Rally, Authorities Fear Assassination Plot

A man was arrested outside Donald Trump's rally in California's Coachella Valley on October 12, prompting local law enforcement to describe the incident as a thwarted assassination attempt. Vem Miller, a 49-year-old from Las Vegas, was found in possession of a shotgun, a loaded handgun, and a high-capacity magazine, according to Riverside County Sheriff Chad Bianco, who spoke during a press conference the following day.
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Global
U.S. to Deploy THAAD Missile System and Troops to Israel Amid Rising Tensions with Iran

U.S. to Deploy THAAD Missile System and Troops to Israel Amid Rising Tensions with Iran

The United States will deploy its advanced Terminal High-Altitude Area Defense (THAAD) anti-missile system to Israel along with approximately 100 U.S. troops to operate it, in response to increasing tensions in the region, particularly following recent Iranian missile attacks on Israel. This decision was announced by the Pentagon on Sunday, marking a significant move in bolstering Israel's air defenses amidst growing concerns about a potential military confrontation with Iran.
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China
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Finance
SOLID EXPORTS

China's Export Growth Slows Sharply as Global Demand Weakens, Raising Concerns for Economy

China's export growth slowed sharply in September, raising new concerns about the outlook for the world's second-largest economy. According to data released by the Chinese customs office on Monday, exports rose just 2.4% year-on-year in U.S. dollar terms, a significant decline from the 8.7% increase reported in August. Imports grew by a mere 0.3%, reflecting weak domestic demand and adding to fears of a broader economic slowdown.
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Company
HAMMERED

Boeing Faces Financial Crisis with 777X Delays, $5 Billion Hit, Labor Strife and Massive Job Cuts

Boeing is facing a critical moment as it navigates multiple challenges, including a month-long machinists strike, significant job cuts, and delays in the production of its 777X jet. The aerospace giant announced plans to cut 17,000 jobs, representing 10% of its global workforce, and reported a $5 billion charge for the third quarter, as delays and disruptions continue to impact the company's bottom line.
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Tech
MacBook Pro (CC BY-ND 2.0)

Apple Expected to Unveil New M4 Mac Lineup, Including Redesigned Mac Mini and Upgraded MacBook Pros

Apple is reportedly gearing up to refresh its Mac lineup with the much-anticipated launch of M4-powered devices, according to industry insiders. Speculation suggests that Apple is planning a Mac-focused event later this month, with a possible announcement set for October 31, the same day as its quarterly earnings report. The company is expected to unveil the new M4-based MacBook Pro models, a redesigned Mac mini, and an updated iMac, aiming to introduce these products just in time for the holiday shopping season.
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Lifestyle
Nearly 10 Million Pounds of Poultry Recalled Over Listeria Fears: Schools and Retailers Affected

Nearly 10 Million Pounds of Poultry Recalled Over Listeria Fears: Schools and Retailers Affected

In one of the largest food recalls of the year, nearly 10 million pounds of ready-to-eat (RTE) meat and poultry products have been pulled from shelves and school cafeterias across the country due to potential contamination with Listeria monocytogenes. The recall, announced by the U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS), involves products from BrucePac, a Woodburn, Oregon-based food processing company.
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Auto
Elon Musk's $30K Cybercab and Robovan Unveiled, Experts Doubt Tesla's Bold Autonomy Claims

Elon Musk's $30K Cybercab Robotaxi and Robovan Unveiled, Experts Doubt Tesla's Bold Autonomy Claims

Tesla CEO Elon Musk unveiled the highly anticipated Cybercab robotaxi at the "We, Robot" event in Los Angeles on Thursday night, marking a significant step in the company's autonomous vehicle strategy. Amid a spectacle that featured Tesla's humanoid robots serving drinks and dancing for the crowd, Musk also surprised attendees with the introduction of a larger autonomous vehicle, the Robovan, designed to transport up to 20 passengers or large amounts of cargo.
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