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Chinese migrants flock to Mexico in search of jobs, a future and, for some, a taste of freedom

Despite her well-paying tech job, Li Daijing didn't hesitate when her cousin asked for help running a restaurant in Mexico City. She packed up and left China for the Mexican capital last year, with dreams of a new adventure.

The 30-year-old woman from Chengdu, the Sichuan provincial capital, hopes one day to start an online business importing furniture from her home country.

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Trump's new crypto business could create more conflicts if he's elected president

Donald Trump is promising to make America the "crypto capital of the planet" if he returns to the White House. Fulfilling that promise would likely pay off for him personally.

Amidst his run for president, Trump has launched a new venture to trade cryptocurrencies that he's promoting on the same social media accounts he uses for his campaign. His two eldest sons, Donald Jr. and Eric, are also posting about their new platform, called World Liberty Financial, as is his daughter-in-law, Lara Trump, who is married to Eric and also serves as co-chair of the Republican National Committee.

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Yellen says ending Biden tax incentives would be 'historic mistake' for states like North Carolina

U.S. Treasury Secretary Janet Yellen is warning voters in the battleground state of North Carolina that they could lose jobs if Republicans weaken a signature Biden administration law that encourages investments in manufacturing and clean energy.

Yellen says that Republican-dominated states like North Carolina are greatly benefiting from tax incentives under the 2022 Inflation Reduction Act and that eliminating them would be a "historic mistake," according to a draft of a speech she will give Thursday at a community college in Raleigh. The Treasury Department released the remarks ahead of the address.

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Putin says Ukraine ending gas deal hurts Europe more than Russia

Ukraine's decision to end an agreement allowing Russia to pump gas via its territory will hurt Europe more than it will Moscow, Russian President Vladimir Putin said on Thursday.

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Workers see dramatic fall in share of global income, UN says

Workers have seen their slice of the global income pie shrink significantly over the past two decades, swelling inequality and depriving the combined labor force of trillions, the U.N. said Wednesday.

The United Nations' International Labor Organization said that the global labor income share -- or the proportion of total income in an economy earned by working -- had fallen by 1.6 percentage points since 2004.

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US trade deficit widest in two years on imports surge

The U.S. trade deficit in July expanded to its largest since mid-2022, according to government data released Wednesday, as imports rose more quickly than exports.

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Global stocks tumble after Wall Street drops on worries about economy

World stocks tumbled Wednesday after Wall Street had its worst day since early August, with heavyweight Nvidia falling 9.5%, leading to a global decline in chip-related stocks.

France's CAC 40 slipped 0.8% in early trading to 7,513.31, and Germany's DAX lost 0.8% to 18,607.62. Britain's FTSE 100 also dropped 0.8% to 8,230.49. The futures for the S&P 500 were down 0.4% and those for the Dow Jones Industrial Average shed 0.2%.

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Raise taxes on the rich or cut them? Harris, Trump differ on how to boost US economy

Donald Trump is betting that Americans crave trillions of dollars in tax cuts — and that growth will be so fantastic that it's not worth worrying about budget deficits.

In short, he's hoping that most economic analyses of his ideas are dead wrong.

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Serbia official meets Putin, says Belgrade an ally and won't join Western penalties

Serbia is a Russian ally and will never impose sanctions against Moscow or join NATO, the Balkan nation's deputy prime minister said Wednesday as he met with Russian President Vladimir Putin.

The remarks by Aleksandar Vulin, a former intelligence chief who is under U.S. sanctions, reflect persistent close relations between Belgrade and Moscow despite Serbia's proclaimed bid to join the European Union.

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Salvagers abandon effort to tow burning oil tanker in Red Sea

Salvagers abandoned an initial effort to tow away a burning oil tanker in the Red Sea targeted by Yemen's Houthi rebels as it "was not safe to proceed," a European Union naval mission said, leaving the Sounion stranded and its 1 million barrels of oil at risk of spilling.

While a major spill has yet to occur, the incident threatens to become one of the worst yet in the Iranian-backed rebels' campaign that has disrupted the $1 trillion in goods that pass through the Red Sea each year over the Israel-Hamas war in the Gaza Strip. It also has halted some aid shipments to conflict-ravaged Sudan and Yemen.

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