Economy
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Greece and Bulgaria to consider reviving oil pipeline project
Greece and Bulgaria will consider reviving a pipeline project to transport crude oil from the Greek port of Alexandroupolis on…
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China sanctions Lockheed Martin, Raytheon for Taiwan sales
China on Thursday imposed trade and investment sanctions on Lockheed Martin and a unit of Raytheon for supplying weapons to…
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Malpass surprises with early World Bank exit
World Bank President David Malpass on Wednesday said he would leave his post by the end of June, months after running afoul…
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Dubai cements status as diamond trade hub, as DMCC announces 17 pct growth in 2022
DMCC has reported a 17 percent year-on-year increase in the value of diamond trade in 2022, totaling $37.4 billion combined…
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How secret London talks led to Air India’s gigantic plane order
Air India’s record aircraft deal has put the Tata Group-owned airline in the league of aspiring global carriers. On Tuesday,…
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Tesla workers launch union campaign in New York
Tesla Inc. workers in New York state are launching a unionization campaign, teeing up a potential first for the electric-vehicle…
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Egg prices jump 8.5 percent as food inflation hits consumers
Breakfast is getting even more expensive after US egg prices soared 8.5 percent in January while citrus fruits, cereal and…
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Russian ruble strikes weakest mark since April
The Russian ruble struck its weakest mark since late April on Tuesday, hurt by lower foreign currency revenue inflows from hydrocarbon…
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Nigeria’s Buhari asks central bank to boost FX sales to Emirates Airline
Nigeria’s President Muhammadu Buhari has asked the central bank to boost the foreign currency allocation to Emirates Airline after the…
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Coffee trumps economic crisis as Tim Hortons opens in Pakistan
Pakistanis are queuing for hours to grab coffee and pastries from Canadian chain Tim Hortons, which opened its first outlet…
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