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It marks the platform's long-awaited foray into the sale cheaper goods with lengthier shipping times - a business model which has spurred the rise of Chinese-owned e-commerce apps.

This is the third round of layoffs at JPL this year, a reduction spurred primarily by major budgetary cuts to the Mars Sample Return mission, which is managed by JPL.

The admission horrified the media and politicians on both sides of the spectrum, spurring Noem’s unpopularity and likely damaging her standing as a vice presidential candidate.

Other economists have said they do not believe the latest figures from the ONS would spur the Bank to opt for another rate cut in December.

He said the act has been wildly successful in spurring investment and innovation.