Economy
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In bid to boost confidence, Adani Group starts bond buyback after Hindenburg report
Adani Group bonds rose after a key company started the first debt buyback by Indian billionaire Gautam Adani’s conglomerate since…
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UAE finance ministry announces corporate tax exemptions for entities serving public
The UAE’s Ministry of Finance Sunday announced the implementation of a new Cabinet Decision linked to Corporate Tax Law. Relating to…
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Bitcoin ‘halving’ due in 2024 spurs predictions of rally in token past $50,000
Bitcoin’s rebound is just the start of a rally that will take it past $50,000 next year courtesy of a…
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Saudi, EU top diplomats discuss Sudan conflict
Saudi Arabia’s Foreign Minister Prince Faisal bin Farhan and the European Union’s foreign policy chief Josep Borrell discussed the ongoing…
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Egypt raises social spending, food subsidies to offset inflation
Egypt raised funding for its overall social protection programs by 48 percent for the 2023-24 fiscal year to EGP 529.7b…
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Bed Bath & Beyond files for bankruptcy
Bed Bath & Beyond Inc filed for Chapter 11 bankruptcy protection on Sunday after the home goods retailer failed to…
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US rideshare service Lyft plans major staff cuts
US rideshare service Lyft on Friday sent word to employees that it plans a major staffing reduction to cut costs. “We need…
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LVMH is shifting out of Hong Kong as luxury shoppers stay home
LVMH is shifting resources out of Hong Kong, reflecting waning interest in what used to be Asia’s premium shopping hub…
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Strikes over pay cripple German rail network, four airports
Rail workers went on strike across Germany on Friday, mostly bringing national operator Deutsche Bahn’s services to a halt in the morning…
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Credit Suisse bank bondholders sue Swiss regulator over write-down
Investors representing more than $5 billion (4.5 billion Swiss francs) of Credit Suisse bonds have sued the Swiss regulator over its decision…
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