Economy
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Nissan to lead £2bn investment in UK electric car plant
Nissan and its partners have announced a £2bn plan to build three electric car models at its Sunderland factory. The…
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Somalia joins East African Community
Somalia has joined the East African Community (EAC) in a move intended to boost economic growth in the country following…
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Carnival UK withdraws ‘fire-and-rehire’ threat
Carnival UK is withdrawing a threat to use a controversial strategy known as “fire-and-rehire” in negotiations over the pay and…
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Vision 2030’s accelerated trajectory: Will Saudi Arabia outpace its own timeline?
Saudi Arabia launched Vision 2030 in 2016 with an aim of diversifying its economy for a “post-oil” era and to bolster its…
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Cruise giant Carnival UK accused of plan to fire and rehire 900 crew
A leading cruise ship company is being accused of a plan to fire more than 900 staff members if they…
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Turkey’s central bank raises interest rates to 40%
Turkey’s central bank has raised its main interest rate to 40% as part of a concerted campaign to tackle soaring…
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Poverty surging in Iran during ‘lost decade’ of sanctions, says World Bank
Almost 10 million Iranians have slipped into poverty from a combination of sanctions, bad economic management and volatile international oil…
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Oil prices tumble nearly 4pct as OPEC+ meeting delayed
Oil prices tanked nearly 4 percent on Wednesday as OPEC+ producers delayed a meeting on output planned for Sunday, raising…
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Tax burden still at post-war high despite big cut
This Autumn Statement is a significant tax cut both for businesses and for workers, but overall the tax burden remains…
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Oil edges lower on caution ahead of OPEC+ meeting
Oil prices ended near flat on Tuesday after rallying for two sessions, with investors cautious ahead of Sunday’s scheduled OPEC+ meeting, when the…
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