Economy
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China-banned US chipmaker Micron to invest in India
United States (US) chip-making giant Micron is planning an $800 million investment to establish a chip factory in India, a…
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Amazon accused of tricking Prime customers
The US has accused Amazon of tricking customers into signing up for automatically renewing Prime subscriptions and making it difficult…
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Paris hosts summit to set new global finance agenda
France hosts a summit on Thursday, including African leaders, China’s prime minister and Brazil’s president, to boost crisis financing for low-income…
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Suez Canal Authority to sell 20 pct of subsidiary to boost private sector
Egypt’s Suez Canal Authority (SCA) is offering a 20 percent stake in a subsidiary company in line with a government…
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Electric vehicle demand booms in Saudi Arabia amid move to green mobility
Change is afoot across Saudi Arabia’s automotive landscape, with the Kingdom experiencing a surge in the usage and demand for…
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More Americans are getting auto loans that exceed the worth of their cars
More Americans are entering into auto loans that exceed the worth of their cars after vehicle values declined in the…
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Saudi Arabia’s PIF leads bidding for $2.5 bln Vale’s nickel and copper stake
Saudi Arabia’s Public Investment Fund is emerging as the leading bidder to acquire a stake in Vale SA’s multibillion-dollar nickel…
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Pakistan fails in its first attempt in a year to buy gas in hit to economy
Pakistan failed in its first attempt in about a year to buy liquefied natural gas from the spot market, with…
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China e-commerce giant Alibaba announces new CEO, chairman in management reshuffle
China’s Alibaba Group has announced a major management reshuffle aimed at spurring the e-commerce giant’s growth at a time when…
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Turkey’s finance minister signals gradual shift to conventional policy
Turkey’s Treasury and Finance Minister Mehmet Simsek has indicated he will take gradual steps in steering toward more conventional policies, as the…
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