Economy
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Brexit cost 6% of UK economy, Bank of England company data suggests
The UK economy has taken a 6% hit from the effects of Brexit, according to economists’ analysis of internal Bank…
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India’s cash transfer boom gives relief to the poor but strains budgets
The world’s fastest growing major economy is increasingly dependent on dole to keep its poorest people out of desperate poverty.…
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Iraq raises southern oil output to 1.75 million bpd, officials say
Iraq has increased crude oil production from its southern fields by 250,000 barrels per day to around 1.75 million barrels per…
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Fed holds US interest rates steady as uncertainty over Trump’s Iran deal remains
The Federal Reserve held US interest rates between 3.5% and 3.75% after Kevin Warsh’s first meeting in charge of the central bank.…
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Apple to raise prices as AI pushes up chip costs
Apple plans to raise the prices of its products as the cost of the memory chips it uses has surged,…
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Interest rates expected to be held by Bank of England
Interest rates are expected to be held by policymakers at the Bank of England (BoE) who are keeping a close…
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Iran is reportedly buying 100 Boeing planes from the US
After the peace deal between the United States and Iran, an unconfirmed report emerged on different social media platforms claiming…
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Elon Musk’s AI tool Grok was used in strikes against Iran: US govt
Elon Musk’s artificial intelligence tool Grok was used in strikes against Iran, the United States government revealed in a legal…
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IEA sees gradual Hormuz recovery tipping into significant 2027 surplus
The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant…
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Struggling Pizza Hut chain to be sold for $2.7bn
Yum! Brands is selling its struggling Pizza Hut chain in a deal worth $2.7bn (£2bn), the company has announced. Private…
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