Economy
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What’s behind bitcoin’s latest surge?
At the turn of the year, bitcoin was in the grip of a bleak midwinter, down and out after a…
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World Bank agrees $7 bln new partnership framework with Egypt
The World Bank approved a new country partnership framework (CPF) for Egypt for the financial years 2023-2027 providing the country…
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UK inflation rate unexpectedly rises to 10.4 pct in February: ONS
British inflation unexpectedly rose to 10.4 percent in February, pushed up by higher food prices and pricier drinks in pubs…
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US banking sector ‘stabilizing’ after recent turmoil: Yellen
The US banking sector is “stabilizing” after the recent failures of Silicon Valley Bank (SVB) and Signature Bank rattled the…
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Amazon to cut another 9,000 jobs
Online retail giant Amazon plans to cut another 9,000 jobs as it seeks to save costs. The firm, which employs…
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Debt-hit Sri Lanka to get first tranche of IMF bailout funds in two days
Sri Lanka will get the first $330 million tranche of an International Monetary Fund bailout in the next two days,…
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PIF-backed Oman infrastructure fund raises $1 bln for deals
Rakiza, an infrastructure fund investing in Oman and Saudi Arabia, said it raised $1 billion for its first vehicle and…
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Central banks to boost flow of US dollars amid market unease
Central banks have moved globally to keep credit flowing after an unsettled period in the US banking sector and the…
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Credit Suisse, UBS deal: What you need to know
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and agreed to assume up…
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UBS agrees to buy Credit Suisse in Swiss-assisted bid to calm markets
UBS agreed to buy rival Swiss bank Credit Suisse for 3 billion Swiss francs ($3.23 billion) and agreed to assume…
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