The Reserve Bank of Australia (RBA) announced on Tuesday that it would keep its cash target rate steady at 4.35 percent. This decision comes exactly one year after the board last raised rates by 0.25 percentage points in November 2023, marking a period of stability in the bank’s approach to tackling inflation.
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This section brings you news reports from around the world, covering global events, politics, economy, and more. Stay informed with the latest international updates and developments.
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Australia Clinch Thrilling Two-Wicket Victory Over Pakistan in ODI
In a thrilling ODI opener at the Melbourne Cricket Ground (MCG), Australia managed to edge past Pakistan with a tense two-wicket victory, securing a 1-0 lead in the three-match series.
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NZ Create History with Test Series Whitewash Against India
New Zealand has made history by becoming the first team to whitewash India in a Test series on their home soil, marking an exceptional achievement in international cricket.
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Japan Records Hottest October Since 1898
Japan has just experienced its hottest October since records began in 1898, according to data released by the Japan Meteorological Agency (JMA).
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BYD Launches Premium DENZA Brand in Thailand
Chinese electric vehicle (EV) giant BYD has officially launched its premium brand DENZA in Thailand, marking a significant expansion into Southeast Asia’s luxury automotive sector.
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UAE Extends Visa Amnesty Program for Two Months
The United Arab Emirates (UAE) has announced a two-month extension of its visa amnesty program, offering a crucial lifeline to individuals who have overstayed their visas.
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Kia Unveils Tasman, Marking Launch of First Pickup Truck
Kia has recently made headlines by unveiling its first-ever pickup truck, the Kia Tasman. This innovative model is crafted to set a new standard in the pickup truck segment, merging functionality with advanced technology and modern design.
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Kuwait Formally Accepts WTO Agreement on Fisheries Subsidies
Kuwait has officially accepted the World Trade Organization (WTO) Agreement on Fisheries Subsidies, with Kuwait’s Ambassador to the WTO, Nasser Abdullah Al-Hayen, presenting the instrument of acceptance to WTO Director-General Ngozi Okonjo-Iweala on October 22, 2024. This acceptance brings the total number of WTO members that have formally ratified the agreement to 86.
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Hong Kong Aims to Become Global Hub for Gold Trading
Hong Kong, October 16, 2024 – Hong Kong is poised to leverage its strategic strengths in gold import and export to establish itself as a premier international gold trading center, according to John Lee, Chief Executive of the Hong Kong Special Administrative Region (HKSAR). In his third policy address on Wednesday,
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Oil Prices Surge 5% Following Iran’s Missile Strike on Israel
Oil prices surged nearly 5% on Tuesday in response to escalating geopolitical tensions after Iran launched a barrage of missiles toward Israel. This action has sent shockwaves through the energy market, intensifying concerns over the stability of oil supplies from the Middle East.
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