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Economy looks much like it did in years past: growth of around 2 per cent, with consumption doing the heavy lifting.

Rebound masks weak points in US growth

Gross domestic product expanded at a 2.5 per cent annualised rate from April to June, according to the median estimate in a Bloomberg survey ahead of figures on Friday.

Attorney General Jeff Sessions speaks at the U.S. Attorney's Office in Philadelphia, Friday, July 21, 2017. Sessions ...

Sessions safe for now, say aides

For the White House, the attacks on the attorney general have touched off a serious problem on Capitol Hill when it did not need any other headaches.

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Donald Trump with Foxconn chairman Terry Gou.

Apple supplier to build US plant

Taiwanese electronics group Foxconn said it would open its first major US factory in Wisconsin, a boost for the battleground state's economy.

Swedish Prime Minister Stefan Lofven may need to resign.

Sweden sinks into political chaos

Prime Minister Stefan Lofven must decide how to respond to parties representing a majority in the parliament as they plan no-confidence motions against three of his Cabinet ministers.

The ASX is due to take a breather after Wednesday's strong gains.

Markets Live: Aussie cracks US80¢

The dollar extends its relentless rally, rising above US80.5c, which isn't helping local shares today, despite a rally in miners.

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