| The case for investment-linked endowments. US GDP data boost dollar

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Investments | The case for investment-linked endowments. US GDP data boost dollar

on Thursday, with MTN down more than 3% after the Nigerian authorities ordered it to pay more than R1.3 billion in overdue taxes. Clicks climbed 6% after a strong set of results. on Thursday after data showed the US economy grew at its fastest pace in nearly two years in the third quarter, once again defying dire warnings of a recession that have lingered since 2022.

Gross domestic product increased at a 4.9% annualised rate last quarter, the fastest since the fourth quarter of 2021, the Commerce Department's Bureau of Economic Analysis said in its advance estimate of third-quarter GDP growth. Economists polled by Reuters had forecast GDP rising at a 4.3% rate.South Africans need to be in the know if we want to create a prosperous future. News24 has kept the country informed for 25 years, and we're about to enter a new chapter of fearless journalism.

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