Economy
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Europe’s ‘club med’ nations saved by tourism rebound
Derided as “Club Med” nations during the European debt crisis 15 years ago, the economies of Spain, Greece and Portugal…
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Putin urges expansion of Russian financial markets, cutting use of Western currencies
President Vladimir Putin said on Friday Russia needed to cut imports, significantly boost the use of non-Western currencies in trade…
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Guinea signs alumina refinery deal with Emirates Global Aluminum subsidiary
Guinea has signed a non-binding agreement with a subsidiary of Emirates Global Aluminum for the construction of a major alumina…
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Israeli strike on water station kills Gaza mayor
A spokesman for the Nuseirat municipality in central Gaza said Friday that the town’s mayor, Iyad al-Maghari, had been killed in…
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US, UK strike in Yemen’s Hodeidah, Houthi Al-Masirah TV reports
US and British forces carried out six airstrikes on targets in Yemen on Friday, Houthi-run Al-Masirah TV station said. The…
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Novo Nordisk braces for generic challenge to Ozempic, Wegovy in China
Novo Nordisk is facing the prospect of intensifying competition in the promising Chinese market where drugmakers are developing at least…
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OPEC+ rejects bearish reaction to output increase
OPEC+ ministers rejected oil’s bearish reaction to its decision to gradually boost crude production from October and predicted the market will…
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OPEC head rejects criticism over oil deal, says demand is good
OPEC Secretary General Haitham al-Ghais on Thursday defended the recent adjustments to the OPEC+ oil output deal, calling it a success.…
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Boeing CEO to testify before US Senate panel on June 18
Outgoing Boeing CEO Dave Calhoun will testify before a US Senate panel on June 18 after a series of incidents…
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Egypt will have access to about $820 million subject to IMF Board approval
The International Monetary Fund and Egypt have reached agreement on a loan program review to unlock around $820 million, setting the stage for “an…
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