Xinhua world economic news summary at 1130 GMT, Aug. 30

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NEW YORK -- The U.S. dollar lost in late trading on Tuesday, as the U.S. labor market was cooling and consumer confidence retreated.

The dollar index, which measures the greenback against six major peers, decreased 0.50 percent to 103.5332 in late trading. (US-Dollar)

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HELSINKI -- Finland's economy is projected to enter a moderate recession within the next 12 months, according to a recent forecast by OP Financial Group (OP), one of the largest financial companies in Finland.

The country's economy is expected to contract by 0.3 percent in 2023 and remain stagnant in 2024, OP said in a press release on Tuesday. (Finland-GDP)

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ACCRA -- Ghanaian President Nana Addo Dankwa Akufo-Addo on Tuesday launched the National Integrated Maritime Strategy (NIMS) to boost the protection of its territorial waters.

Akufo-Addo launched the strategy while opening the two-day International Maritime Defense Exhibition and Conference in Accra, the Ghanaian capital. (Ghana-President-Maritime)

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FRANKFURT -- A significant number of German companies have lost their confidence in and patience with the country's energy policy as high energy costs are hampering production and investment, a survey published on Tuesday showed.

Fifty-two percent of the 3,572 companies surveyed by the Association of German Chambers of Industry and Commerce (DIHK) said that the energy transition, which is aimed at climate neutrality, has a negative or very negative impact on their business, while only 13 percent saw it in a positive light. (Germany-DIHK-Challenges) Enditem

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