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As inflation trends shift, central banks in the UK and Turkey have adjusted interest rates, impacting housing markets. The Bank of England held rates at 4.75%, while Turkey's central bank cut its repo rate to 47.5%. These decisions reflect ongoing economic challenges and varying inflation rates across regions.
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As the holiday shopping season progresses, scams are surging globally, with authorities warning consumers to remain vigilant. Reports indicate that scammers are employing sophisticated tactics, including fake websites and phishing messages, to exploit shoppers eager for deals. Major tech companies and cybersecurity firms are ramping up efforts to combat these threats.
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As Black Friday 2024 unfolds, retailers are offering significant discounts to attract shoppers. Despite the rise of online shopping, foot traffic remains high, with over 130 million expected to shop this weekend. Retailers are adapting to changing consumer habits, emphasizing in-store experiences and exclusive deals.
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UK house prices rose by 1.3% in November, marking the fifth consecutive monthly increase. The average property value reached £298,083, a 4.8% rise year-on-year, driven by easing mortgage rates and strong buyer demand. However, affordability challenges persist for many potential buyers.