Economy
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Sterling hovers just below 10-month high, with focus on US job numbers
The pound hovered just below its highest level in 10 months on Thursday as investor focus turned to Friday’s US…
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Shares of UAE’s Al Ansari Financial Services up 16.5 percent on market debut
Shares in UAE-based currency exchange company Al Ansari Financial Services climbed 16.5 percent above its listing price on its market…
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UK employers lure Gen Z workers with ‘early finish Fridays’ amid staff shortages
UK employers desperate to recruit and retain Gen Z workers are increasingly offering “early finish Fridays in a bid to…
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Switzerland scraps bonuses of Credit Suisse execs
The Swiss government said Wednesday it would scrap the outstanding bonuses of the Credit Suisse executive board following the bank’s…
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Sanctions-hit VTB, Russia’s second-largest bank, reports huge loss
Russia’s second-largest bank, VTB, reported Wednesday a huge loss amounting to $7.7 billion in 2022 after it was hit hard…
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Eat lamb, not beef, says Turkey minister as food prices soar
Turkey’s top economic official has come up with a novel suggestion to address persistent food inflation: eat more lamb. Treasury &…
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Abu Dhabi energy giant ADNOC seeks near $1 billion in logistics unit IPO
Abu Dhabi’s main energy company is seeking to raise about $1 billion from the initial public offering of its shipping…
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South Africa revokes ‘state of disaster’ over power crisis
South Africa has revoked a national “state of disaster” declared in February to manage a crippling electricity crisis, the government…
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OPEC+ spurs curious oil move as prices soar but volatility dips
After a surprise OPEC+ cut prompted an 8 percent surge in crude prices, an unusual market signal is hinting the cartel may…
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IMF warns of ongoing financial risks following banking turmoil in US, Europe
The recent banking turmoil in the United States and Europe could spread to crucial non-bank institutions like pension funds, further complicating…
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