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Tag: Business and Economics

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Bank of England raises interest rates to 4.25%

The British central bank announces its 11th consecutive rate hike as it focuses on fighting inflation.The Bank of England (BoE) has raised interest rates...
World

US Fed announces latest interest hike in wake of banking turmoil

The Fed has continued its cycle of rate hikes to curb inflation, but signaled that a pause could be imminent.The United States Federal Reserve...
World

Sri Lanka receives first tranche of IMF bailout

BREAKBREAK, Rescue packages arrive as the island nation grapples with its worst economic crisis in 70 years.Sri Lanka has received the first tranche of...
World

US bank failures ‘very different’ from 2008 crisis, Yellen says

The US Treasury Secretary welcomes government intervention to guarantee depositors' money and says the banking system is 'sound'.US Treasury Secretary Janet Yellen has said...
World

‘No limits partnership’: Xi and Putin’s key economic priorities

Chinese President Xi Jinping is meeting with his Russian counterpart Vladimir Putin on a three-day visit to strengthen ties between Beijing and Moscow and...
World

New York Community Bank to buy failed Signature Bank

Signature Bank's 40 branches will become Flagstar Bank starting Monday, the FDIC said late Sunday.New York Community Bank has agreed to buy a significant...
World

Pornhub owner MindGeek bought by Canadian private equity firm

Sale of adult site comes after controversy over hosting of child abuse material and other non-consensual content.The operator of Pornhub, the controversial but wildly...
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