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Economy

  • US consumer prices unchanged in October
    U.S. consumer prices were unchanged in October as a fourth straight decline in gasoline costs helped to keep inflation at bay.
  • US unemployment aid applications fall to 291,000
    The number of people applying for U.S. unemployment benefits declined slightly last week, suggesting that job gains should remain solid.
  • G-20 leaders agree on $2 trillion boost to growth
    Under pressure to jolt the lethargic world economy back to life, leaders of G-20 nations on Sunday finalized a plan to boost global GDP by more than $2 trillion over five years. The fanfare, however, was overshadowed by tensions between Russian
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European carmakers get 2nd hopeful sign

– The European car market may have seen the bottom.

The European carmaker’s association reported Tuesday that EU passenger car sales rose in October for the second consecutive month. It is the first time since September 2011 that European car sales have grown two straight months – a sign that perhaps the gloom in the car market is about to lift.

Sales in the European Union rose 4.7 percent to just over 1 million units. Italy was the only major market with a contraction, down 5 percent.

There remains cause for caution: Despite the month-on-month increase, October sales were still the second-lowest for the month in the decade since the association started compiling statistics.

For the first 10 months of the year, sales were down 3 percent.

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