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Britain’s economy is “pulling further out of last year’s shallow recession” as the dominant services sector grew at its fastest pace in nearly a year, according to a closely-watched survey.
Asian markets were mixed on Monday as investors set their sights on the release of key US inflation data due at the end of the week. Eyes are now on the release of the personal consumption expenditures (PCE) index, the Fed's preferred gauge of inflation, with traders hoping for a reading that shows price gains slowing further.
After last week's Federal Reserve projections for interest rates indicated it would cut three times this year, traders are optimistic about the outlook for equities.
Alibaba slashes cloud prices up to 55% to regain market share and democratize AI. Experts skeptical of impact, but investment in AI startup shows commitment.
(CTN News) - After Alibaba Group (9988 . HK) scrapped plans to spin off its cloud business on Friday, investors slashed its market value.............