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UK House Prices Set to Slide 10, Moodys Warns

LONDON, June 8 Reuters House prices in Britain are likely to fall 10 over the next two years and a more severe downturn in the housing market could trigger a lengthy recession, credit ratings agency Moody39;s said on Thursday. Persistently high inflation and the recent spike in lending rates will trigger a correction in the […]
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Chinas Factory Deflation Steepens as Demand Wanes

BEIJING, June 9 Reuters China39;s factory gate prices fell at the fastest pace in seven years in May and quicker than forecasts, as faltering demand weighed on a slowing manufacturing sector and cast a cloud over the fragile economic recovery. As rising interests rates and inflation squeeze demand in the United States and Europe, China […]
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China Mutual Fund Sales Dry Up amid Market Gloom

HONG KONG, June 9 Reuters Money managers in China are struggling to lure retail investors, with fundraising by mutual funds in the first five months of the year hitting the lowest in four years and few betting on a nearterm rebound, amid diminishing returns and economic challenges. More than 200 million Chinese retail investors, sitting on […]
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Microsoft, Google Strategy to Test AI Search Ads Irks some Brands

June 8 Reuters Alphabet39;s Google and Microsoft are inserting ads into AI experiments without providing an option to opt out of participation, an approach that has already rankled some brands and risks further pushback from the industry, ad buyers told Reuters. The two tech giants are racing to revamp their search engines with artificial intelligence that can produce written […]
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US Luxury EV Maker Lucid Set to Enter China Market

SHANGHAI, June 8 Reuters U.S. luxury electric vehicle EV maker Lucid Group is preparing to enter the world39;s largest auto market, its head of China operations Zhu Jiang said on Thursday. Lucid will sell imported cars in China while also considering local production in the country, according to a person familiar with the matter who was […]
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