Economy
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Ukraine credit rating pushed further into junk by S&P
Ukraine’s credit score was cut on Friday by S&P Global Ratings after the government unveiled a plan to restructure its…
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Russia-Ukraine war: Rouble tumbles to lowest in a year
The Russian rouble has suffered its biggest intraday fall of the year as it tumbled to the lowest levels against…
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Abu Dhabi Commercial Bank in talks to sell $3.7 bln of bad loans: Report
Abu Dhabi Commercial Bank PJSC (ADCB) is in talks with funds to sell 13.5 billion dirham ($3.68 billion) of bad…
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Zara, Bershka owner gets approval to sell Russian business to UAE’s Daher
Inditex SA, which runs the Zara and Bershka clothing chains, obtained approval to sell its business in Russia to Daher…
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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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