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A Gamechanging Truck

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🛻 🛻 An American automotive maker is producing a truck that can operate as a zero-emissions EV until the vehicle’s battery dies and an electric onboard generator — powered by a 3.6-liter V6 engine — kicks on to power the vehicle after its initial charge
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AI Enters The World Of Contracts

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🧠 🧠 BREAKING: AI Just Entered The World Of Contracts: In a world first, artificial intelligence demonstrated the ability to negotiate a contract autonomously with another artificial intelligence without any human involvement
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UBS—Read The Fine Print

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🚨 🚨 UBS—Read The Fine Print: Analysts at Citi highlighted on Tuesday that the $844 million underlying profit before tax figure was “notably ahead of prior company guidance (of break-even), treble consensus expectations and 6% ahead of our above-consensus forecast”
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UK: AB Foods Is Going To Be A Winner

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🇬🇧 🇬🇧 UK: AB Foods’ shares are getting a boost after that upbeat messaging on Primark’s forecasted performance this morning and the company’s announcement of a new £500 million share buyback

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China Is Buying Gold

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🇨🇳 🇨🇳 Stockpiles of gold reported by the People’s Bank of China rose by about 740,000 troy ounces in October, according to official data released Tuesday. That’s equivalent to about 23 tons, and takes total holdings to 2,215 tons. China has been a bright spot for overall gold demand in in 2023, and domestic prices were trading at record levels last week. Investment demand for gold will remain robust through the end of this year, the World Gold Council said
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IMF Upgrades China Growth

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🇨🇳 🇨🇳 The International Monetary Fund on Tuesday upgraded its 2023 gross domestic product growth forecast for China to 5.4% from 5%, citing a “strong” post-COVID-19 recovery, but said the fund still expected the Chinese economy to slow next year. The upward revision followed a decision by China to approve a 1 trillion yuan ($137 billion) sovereign bond issue and allow local governments to frontload part of their 2024 bond quotas
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UK Grocery Inflation Falls Below 10%

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🇬🇧 🇬🇧 British grocery inflation has fallen below 10% for the first time since July 2022

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UBS: First Loss Since 2017

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🚨 🚨 UBS Group AG (UBSG) posted its first quarterly loss in almost six years, as the ongoing integration of Credit Suisse drags on the Swiss lender’s performance

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RBA Hikes As Expected

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🇦🇺 🇦🇺 BREAKING: RBA Raises Rate By 0.25% As Expected

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China’s Exports Drop

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🇨🇳 🇨🇳 BREAKING: China reported a worse-than-expected drop in exports in October, while imports surprisingly rose for the month from a year ago. China’s customs agency said exports in U.S. dollar terms fell by 6.4% in October from a year ago. That’s worse than the 3.3% drop predicted by a Reuters poll. Imports rose by 3% in U.S. dollar terms in October from a year ago
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