Economy
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Federal Reserve signals interest rate cuts next year
The US central bank has signalled it could start cutting interest rates next year if inflation continues to fall. Forecasts…
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Saudi energy minister says Riyadh backs COP28 deal, praises flexible approach
Saudi Arabia’s energy minister Prince Abdulaziz bin Salman said on Wednesday that Riyadh supported the final COP28 deal as it leaves countries…
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EU backs rules to improve gig workers’ conditions
The European Parliament and EU member states struck a landmark deal on Wednesday to strengthen conditions for those working through…
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Lucid has assembled almost 800 cars in Saudi plant, focused on training: VP
Lucid Group has assembled almost 800 cars in its Saudi Arabian factory since its opening, with its main focus on…
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Dove and Marmite maker Unilever faces investigation over green claims
Dove soap and Hellmann’s mayonnaise maker Unilever is being investigated over its environmental claims, amid concerns shoppers are being misled.…
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Dubai unveils new investment fund with billions in state-owned assets
Dubai is setting up a new fund to drive investments in strategically-important projects, adding to a constellation of state-backed wealth…
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Zara advert accused of resembling Gaza images
Zara is facing a backlash about an advertising campaign which some people claim resembles images from the Israel-Gaza war. The…
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Macy’s shares surge on hopes for $5.8bn buyout
Shares of US department store Macy’s have surged on hopes of a $5.8bn (£4.6bn) buyout deal. An investor group has…
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Ethiopia is about to become Africa’s next debt defaulter, after Zambia, Ghana
Ethiopia is set to join Zambia and Ghana as a sovereign defaulter, with an interest payment falling due to its…
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Mobile firms face £3bn claim for overcharging
Millions of UK consumers could receive payouts after a legal claim was launched against mobile phone networks. Consumer champion Justin…
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