Economy
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McDonald’s stores close down across Sri Lanka over poor hygiene case
McDonald’s stores across Sri Lanka shut Sunday after the US fast-food giant launched a legal battle with its local franchise…
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Nuclear energy is back on EU’s agenda at Brussels summit
Promoting nuclear power was long taboo in Brussels, but a high-profile international summit on Thursday will send loud and clear…
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Oil prices push higher as Fed’s rate cut plan and shrinking US crude stockpile
Oil gained after the Federal Reserve signaled it still planned to cut interest rates this year, boosting risk appetite and…
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Egypt credit outlook lifted to positive by S&P after currency devaluation
Egypt’s credit outlook was lifted to positive by S&P Global Ratings after a long-awaited currency devaluation was poised to ease…
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India buying more US oil as tighter enforcement of sanctions affect trade with Russia
Indian oil refiners are on track to take the most American crude in almost a year after tighter enforcement of…
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World’s top solar firm Longi in China plans thousands of job cuts on glut
China’s Longi Green Technology Energy Co. — the world’s largest solar manufacturer — is cutting almost one-third of its workforce…
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Pressure builds at IMO meet for charge on global shipping sector’s CO2 emissions
The European Union, Canada, Japan, and climate-vulnerable Pacific Island states are among 47 countries rallying support for a charge on…
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Major global warehouse developers bet on India as companies look beyond China
Land is getting hard to find in a sprawling industrial park in southern India where workers are scrambling to build…
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Iran inks big contracts with domestic companies to increase oil production
Iran on Sunday sealed contracts worth billions of dollars with domestic companies to boost its oil production in the face…
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EU backs law against forced labour in supply chains
European Union countries have agreed to a law requiring companies to ensure their supply chains do not cause environmental damage…
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