Economy
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Kuwait to set up new sovereign fund to develop mega projects and local economy
Kuwait plans to establish a new sovereign fund to develop its local economy, spearhead mega projects, and attract funds from…
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Saudi Arabia’s inflation rate eases in June: Official data
Saudi Arabia’s annual inflation rate eased to 2.7 percent in June from 2.8 percent the previous month, government data showed…
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Turkey increases fuel tax as it bolsters stretched budget
Turkey raised tax on petrol on Sunday to help to fund a 1.12 trillion lira ($42.2 billion) increase to its…
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UK formally signs up to Trans-Pacific trading bloc, as country looks beyond Europe
The UK government on Sunday announced it had formally signed a treaty to join a major Indo-Pacific bloc, as it…
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Closure of Libya’s oilfields cost 340,000 barrels: Oil minister
The ongoing closure of several oilfields in Libya has cost the North African country the production of 340,000 oil barrels,…
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BlackRock assets rise to $9.4 trillion, fueled by bull market
BlackRock Inc.’s assets under management rose to $9.4 trillion as the stock market rallied and investors poured money into the…
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Car maker Nissan recalls almost 700,000 vehicles in Japan
Automaker Nissan announced Friday the recall of 699,000 vehicles in Japan to address a range of defects that also affect more…
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Strikes at Britain’s Gatwick Airport could hit summer holidays
Workers at Britain’s No.2 airport Gatwick will strike for eight days at the end of July and in early August, potentially causing…
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Australia optimistic on global corporate tax talks at G20 in India
Australian Treasurer Jim Chalmers expressed optimism on Saturday about progress on a long-awaited overhaul of global corporate taxation at a…
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China exports slump 12.4 percent in June from a year earlier as global demand weakens
China’s exports tumbled 12.4 percent in June from a year earlier as demand weakened after central banks raised interest rates…
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