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The UK economy grew by only 0.1% in the third quarter of 2024, significantly below expectations. This disappointing figure follows Labour's election victory, raising concerns about the government's ability to stimulate growth amid rising taxes and uncertainty in business investment. The economy contracted by 0.1% in September, indicating a slowdown.
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Following Donald Trump's election win, global markets reacted sharply. The FTSE 100 initially rose but closed lower amid concerns over potential tariffs and inflation. The pound fell against the dollar, reflecting investor anxiety about the UK economy's future under Trump's policies.
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Bitcoin's price has soared above $89,000 following Donald Trump's election victory, driven by expectations of a pro-cryptocurrency administration. The cryptocurrency has more than doubled in value over the past year, with other digital assets also experiencing significant gains amid hopes for favorable regulations.