China’s factory activity unexpectedly contracted in January, with the official purchasing managers’ index falling to 49.1, below expectations. The slow season ahead of the Lunar New Year contributed to this decline, as migrant workers returned home. However, industrial profits jumped 11% in December, showing signs of recovery after months of decline, while the full-year industrial profits for 2024 fell 3.3% from the previous year.
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Epsom home invaders say they were hired by MBI International Ponzi scheme victim
Two young men, Jordan Galuva’a and Ketisemami Tuivai, were sentenced to prison for participating in a burglary at a $5 million Epsom home, allegedly as part of a misguided vigilante plot linked to an $8 million pyramid scheme. The burglary occurred while a university student was home alone, and the judge emphasized that retribution outside the legal system is unacceptable, regardless of any prior wrongdoing by the homeowner. Need More Context? 🔎
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