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India cuts key rate for fifth time
India’s central bank cut its key interest rate for a fifth straight time this year, moving aggressively to revive economic growth as the banking system faces new stresses.
New Zealand cuts benchmark interest rate to lowest-ever 1%
New Zealand’s central bank cut its benchmark interest rate to an all-time low of one percent on Wednesday as it forecast tougher economic conditions ahead.
India central bank cuts rates again to try to speed up growth
The Reserve Bank of India (RBI) on Wednesday cut interest rates for a fourth straight meeting in 2019, taking advantage of mild inflation to expand its effort to boost an economy growing at its slowest pace in nearly five years.
Reuters polls: Global economic growth rut at risk of deepening despite rate cuts
A global economic growth rut risks deepening, despite expectations that major central banks will cut rates or ease policy further, according to Reuters polls of over 500 economists who remain worried about the US-China trade war.
Economist: China’s tax cuts may be able to offset the cost of trade tariffs
Tax cuts could end up supporting economic growth in China, even if Beijing’s trade war with the US doesn’t improve, according to the chief economist of a Chinese investment banking firm.
Global interest rates peak as investors eye cuts
Global interest rates have peaked.
Erdogan: Turkey may extend special consumption tax cuts on cars
Turkish President Tayyip Erdogan said on Friday his government may extend existing special consumption tax cuts on cars when they expire next month, in a move aimed at boosting declining car sales.
US cuts aid to El Salvador, Guatemala and Honduras
The US government has cut aid to the Central American countries of El Salvador, Guatemala and Honduras for sending migrants to the United States, according to the State Department.
China's premier says tax cuts support employment, economic stability
China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
UAE: OPEC+ will hold extra meeting if output cuts 'not enough'
OPEC and allied oil producers are ready to hold an extraordinary meeting and will do what is needed if the current cut in oil output by 1.2 million barrels per day does not balance the market next year, the United Arab Emirates’ energy minister said on Sunday.
More UK High Street job cuts on the way after 150,000 lost in 2018
End of year figures compiled by the Centre for Retail Research show that 148,132 jobs have been wiped out as almost 20,000 shops and restaurants closed their doors in the UK.
Bleak midwinter for British landlords as retailers demand rent cuts
The Internet and tightened purse strings have hit stores, but indebted property owners are barely in a better position.
North of England continues to see bigger cuts in public spending, report finds
Government spending in the north of England has fallen by £6.3 billion while the southeast and southwest of England have seen an increase of £3.2 billion since 2009-10, according to an analysis of official figures.
Spending cuts breach UK's human rights obligations, says report
Cuts to public services and benefits in the UK that disproportionately affect the least well-off, single parents and disabled people put the government in breach of its human rights obligations, a study for the UK equalities watchdog found.
OPEC+ to consider oil cuts as price drops on risk of surplus
OPEC and its allies gathered for a meeting in Abu Dhabi amid signs that they’ll consider cutting production next year.

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