Minimalist News

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Finance

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  • Venezuela continues to grapple with severe inflation and citizens are increasingly focused on everyday economic stability rather than political turmoil.
  • The EU is implementing a $3.5 billion initiative to secure raw materials in response to escalating tensions with China, while also coordinating a ban on Russian gas imports by 2027.
  • The U.K. has relaxed bank capital requirements for the first time since the financial crisis, while simultaneously announcing new tax hikes to address public finance challenges.
  • China's manufacturing activity shows mixed signals, with slight improvements in official metrics but private gauges indicating stagnation, highlighting ongoing economic struggles.
  • Amid geopolitical tensions, Russia has been expanding its drone capabilities impacting Ukrainian supply lines, while the U.S. seeks peace negotiations to end the conflict, causing unease within NATO.

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