Economy
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G20 exploring structural approaches to boost funding for developing countries
The Group of 20 major economies on Friday said they are looking at structural approaches to secure longer-term financing for…
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Oil prices heading for weekly drop as coronavirus demand concerns mount
Oil prices fell on Friday and were set for a weekly decline due to mounting worries about the impact on…
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G7 supports extension of G20 debt freeze, calls for reforms to address ‘shortcomings’
G7 finance ministers on Friday backed an extension of a G20 bilateral debt relief initiative for the world’s poorest countries,…
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In high-profile $2 bln tax case, Vodafone wins arbitration against India
Vodafone Group Plc said on Friday it had won an international arbitration case against the Indian government, ending one of…
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Turkish banking watchdog raises limits for foreign currency transactions
Turkey’s banking watchdog (BDDK) raised the limits for banks’ foreign currency transactions with foreign entities on Friday, allowing increased access…
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Tears at Boohoo? UK clothing chain criticised for labour issues
Boohoo Group Plc ignored warnings about significant labor violations at U.K. garment contractors, according to an independent review. The fashion…
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Debt-ridden Kenya should renegotiate Chinese rail loan, parliamentary panel says
Kenya should renegotiate the terms of a loan borrowed from China to build a modern railway line, parliament’s transport committee…
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UAE, Israel cyber chiefs discuss uniting to combat common threats
The United Arab Emirates and Israel share threats to their national online networks, the Israeli cyber-security chief said on Thursday…
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Britain scales back support for jobs as coronavirus pandemic surges
Britain’s government launched scaled-back job support on Thursday for workers hit by the resurgent COVID-19 pandemic, but warned not everyone…
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UAE central bank says banks should increase anti-money laundering efforts
The United Arab Emirates central bank said banks should increase anti-money laundering efforts to safeguard financial stability in the country.…
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