China’s central bank maintained major benchmark lending rates unchanged, with the 1-year loan prime rate at 3.1% and the 5-year LPR at 3.6%, as they assess the impact of recent stimulus measures. Market watchers expected the rates to remain steady this month, with analysts suggesting that a policy rate cut before the end of the year is unlikely, but interest rate cuts may occur in 2025 to support the economy. Despite lackluster economic data in October, such as slower industrial production growth, retail sales beat expectations, indicating that recent stimulus measures are starting to have an effect.
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Nato forced to scramble warplanes for 13th time in weeks after latest Putin attack
Vladimir Putin has intensified bombardments on Ukraine, impacting areas near four NATO borders, prompting the alliance to deploy warplanes for the 13th time recently. The attacks included over 420 drones and 24 missiles, resulting in casualties in Kyiv and significant damage, with Ukrainian defenses strained amid ongoing assaults across multiple regions. Explain It To Me Like I'm 5: Vladimir Putin's forces launched a major attack on Ukraine, using missiles and drones, causing destruction in cities...
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