Business
El Salvador to Become First Country to Make Bitcoin Legal Tender
El Salvador may become the first country to make bitcoin legal tender, President Nayid Bukele announced, saying he would soon...
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Eurozone Inflation Hits Near Three-Year High in May
Inflation in the eurozone jumped to its highest level since October 2018 as Covid restrictions across Europe were scaled back,...
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Saudi Ups Pressure on Anti-Vaxxers as It Eyes Economic Recovery
Saudi Arabia is tightening the screws on vaccine skeptics, barring them from pilgrimages and overseas travel and blocking access to...
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EU Raises Eurozone Growth Forecast as Vaccinations Ramp Up
The EU sharply revised its growth forecasts for this year and next, saying an accelerated vaccination drive and the bloc's...
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Deutsche Bank Ducks Archegos Hit, Posts Best Profits Since 2014
Germany's largest lender Deutsche Bank reported its best quarterly profits for seven years, after it avoided being dragged into the...
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Asian Markets Track US Losses, Biden Spending Plan in Focus
Asian markets slipped Wednesday following a soft lead from Wall Street, while focus turned to the United States where President...
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Biden Unveils $1.9 Tn Economic Plan as US Recovery Buckles
President-elect Joe Biden will propose injecting $1.9 trillion into the US economy when he takes office next week, as evidence...
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Jeff Bezos Announces First Recipients of His $10 Billion Climate Fund
Amazon founder and billionaire Jeff Bezos announced the first recipients of his scrutinized $10 billion Bezos Earth Fund grant to...
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Foreign Firms Unprepared for China’s ‘Life-or-Death’ Rating System: Chamber
Under this new system for ranking businesses, both foreign and domestic companies will be required to install surveillance cameras in...
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Governments Must Regulate Social Networks: Facebook Executive
"It's not for private companies, however big or small, to come up with those rules. It is for democratic politicians...
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Facebook Plans Cryptocurrency Launch Next Year: BBC
Facebook's currency would be "stablecoin," a digital unit pegged to the dollar in contrast to more anarchic means of virtual...
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Google vs Huawei to Hit Millions of Smartphone Users
Hundreds of millions of smartphone users will be affected by Google's decision to sever its Android operating system ties with...
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Ford to Cut 7,000 Jobs, 10% of Global Salaried Staff
Ford plans to cut 7,000 jobs, or 10 percent of its global salaried workforce, as part of a reorganization as...
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Ex-Goldman Banker Extradited to US Over Multi-Billion-Dollar Scandal
A former Goldman Sachs banker has been extradited from Malaysia to the United States to face charges linked to the...
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New UK Rules Over Rape Victims’ Digital Data Spark Criticism
Police are asking rape and sexual assault victims for access to their digital devices under new guidelines that prompted criticism...
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IMF Urges Coordinated Effort Toward the UN Sustainable Development Goals
Managing Director of the IMF Christine Lagarde presented the 2019 report outlining recommended policies for the global economic development.
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IMF Cuts Global Growth Estimate, Warns of Risks for Recovery
The IMF provided a grim outlook for the global economy, downgrading global growth to 3.3 percent for 2019, the lowest...
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US-China Trade War Could Lift Canada and Mexico [IMF Report]
An all-out trade war would severely damage the U.S. and Chinese economies but could also be a boon to countries...
Read moreEurozone ‘Not Resilient Enough’ to Weather Another Economic Crisis: IMF Chief
The eurozone is in better financial shape than a decade ago, but not solid enough to withstand another economic crisis,...
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UK Facing ‘National Emergency’ on Brexit: Business, Unions
"The shock to our economy would be felt by generations to come."
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Opinion
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