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ZLATOVNA ECONOMIC NEWS
A quick look at what's new in the world of economic policy, finance and precious metals.

Economy: The average wage in the Czech Republic increased by almost four percent in real terms in the second quarter. The Czech National Bank left the reserve rate for credit market protection at 1.25 percent. onsemi: Without an investment incentive, production in Rožnov could not have expanded. Unemployment in Britain unexpectedly fell to 4.2 percent, wages are growing more slowly. The number of hundred-millionaires has increased by 54 percent in ten years, most in China and the USA. Inflation in the USA was the lowest in more than three years in July. The average wage in the Czech Republic increased to 45,854 CZK, growth was below market expectations. Analysts: The revival of consumption is gradual, the reason is concerns about the development of the economy. Reuters: The German economy will decline again this year, leading economic institutes expect. Excellent: Foresters will receive 2 billion CZK for management next year instead of 500 million. SAP: The introduction of AI would increase the value of domestic companies by an average of 16 percent. Inflation in Poland rose for the fifth month in a row in August, amounting to 4.3 percent. The number of corporate bankruptcies in Germany increased by almost a quarter in the first half of the year. Kateřina Klosová will lead the board of directors of the Czech branch of Dun & Bradstreet. The Japanese economy grew at a rate of 2.9 percent in the second quarter, more was expected. Sales of retailers accelerated growth in July, but according to analysts, it was still slow. According to the Ministry of Finance's prediction, the average wage in the Czech Republic could exceed 54,000 CZK within three years. Reuters: China faces a rise in obesity due to economic problems and automation. Analysts: August's deterioration in business and consumer sentiment is disappointing. Saudi oil revenues will fall more than expected this decade, IMF says. CNB: Czech household debt rose to almost CZK 2.32 trillion in July. IfW: German economy to continue to decline this year. Analysis: Eastern European countries' purchasing power is gradually catching up with the West. Analysis: The share of companies in the Czech Republic that use a virtual office has risen to 25 percent.

Stock exchanges: The platinum market is likely to show its largest deficit in the last ten years this year. The price of gold has exceeded $2,600 per troy ounce for the first time. The price of gold has exceeded $2,500 per troy ounce for the first time in history.

Finance: Survey: People no longer insist on owning their own homes, only less than half want it. It's time to lower interest rates, said the head of the US central bank. Jet Investment Group sold the Třebíč-based Tedom group to the Japanese Yanmar Group. Hungary's central bank has suspended interest rate cuts. Registers: Czech debt rose by 6.7 pct in the second quarter to CZK 3.44 trillion. Hypoindex: The average mortgage rate in September fell by 0.04 points to 5.38 percent. Investors will buy back some of Revolut's shares, valuing the company at $45 billion. The profit of the largest Swiss bank UBS in the second quarter exceeded expectations. Germany sold part of its stake in Commerzbank to Italy's UniCredit for EUR 702 million. Commodities on the markets this year have increased in price, including gold and cocoa, while cotton and wheat have fallen in price. Reuters: More and more ECB officials are leaning towards a September interest rate cut. China's central bank is introducing the largest measures to support the economy since the pandemic. Japan's central bank left interest rates unchanged. Analysts: The price of gold, which has been breaking records this year, is likely to continue to rise. Czech National Bank: Banks' net profit in the first half of the year rose by eight percent to CZK 59.9 billion. Analysts: Floods in Central Europe may cause losses of up to billions of euros. Analysts: New mortgage rules may not make early repayments more expensive. The market value of Buffett's company Berkshire has exceeded a trillion dollars.