Economy
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OPEC chief says IEA should be careful about discouraging investment in oil industry
OPEC Secretary General Haitham al-Ghais said on Thursday the International Energy Agency (IEA) should be “very careful” about discouraging investment…
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Iraq says ‘technical’ matters holding back oil from Turkey
Iraq said it’s working with oil buyers and the Turkish government to resume almost half a million barrels a day…
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UAE’s top banks beat estimates as economy boosts earnings
Two of the United Arab Emirates’ biggest banks posted a first-quarter profit that beat estimates as rising interest rates and…
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China’s industrial profits keep plunging as prices decline further in first quarter
Profits at industrial firms in China continued to plunge in the first three months of the year, as a pickup…
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Adani Group looks to raise about $800 mln for financing green energy projects
Adani Group is aiming to raise about $800 million for new green energy projects, people familiar with the matter said,…
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Amazon cloud and ads units offset flat e-commerce
Amazon’s core e-commerce business may be struggling – but the profit-making parts of its business are delivering. Online sales were…
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Bankrupt crypto lender Genesis seeks mediator as DCG deal hits impasse
Bankrupt crypto lender Genesis Global Holdco LLC asked the judge overseeing its reorganization to appoint a mediator in order to…
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Meta needs a new catalyst after stock’s 77 percent rally
After this year’s 75 percent rally in Meta Platforms Inc., analysts say the next catalyst may be some way off.…
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UK’s PM Rishi Sunak wants EU deal on passport checks to ease delays: Report
Britain’s Prime Minister Rishi Sunak wants to make a deal with the European Union to make it easier for his…
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Switzerland’s UBS quarterly profit tumbles as cost of old toxic debt mounts
UBS Group has set aside more money to draw a line under its involvement in toxic mortgages, halving its first-quarter…
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