Bank of England ups rates
LONDON — The Bank of England increased the key interest rate by 0.25 percent to 0.5 percent on Thursday, the first time since 2004 that it has implemented consecutive rate hikes. Of the …
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EU launches WTO case against China over Lithuania mistreatment
The European Union on Thursday announced it had lodged a complaint with the World Trade Organization (WTO) over China’s behavior toward EU member state Lithuania, a move Beijing has dismissed as …
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The Great Resignation has morphed into the Great Sabbatical
Early last year, after winding down a long-term work contract in Hong Kong and relocating to England, for the first time in 20 years, I found myself with plenty of …
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IMF warns China’s property stress poses spillover risk
A funding crisis battering China’s big property developers could start to shake the wider economy and global markets, the IMF warned on Friday, saying deeper reforms were needed to fully …
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UK’s rich and poor face similar inflation – but different economic pain
LONDON (Reuters) -Britain’s rich and poor alike are experiencing surges in inflation, official data showed on Friday, although soaring food and energy prices mean low-income households stand less chance of …
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The ‘potato crisis’ at the heart of Algeria’s imploding economy
Algeria is facing a multifaceted crisis, one of the most serious since the North African country gained independence in 1962. Boiling social and economic unrest has combined with continuing political …
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Report: ‘Throwaway global economy’ is fuelling climate change
The ‘throwaway global economy’ is fuelling climate change, according to a new report from Circle Economy, showing more than half a trillion tonnes of virgin materials have been consumed since the 2015 …
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When it rains more, there’s less economic growth (Bad news: There’s more rain now)
Our current climate brings plenty of disastrous examples of extreme rainfall. Floods have caused death and displacement around the world, from Sri Lanka to Colombia. In Canada, British Columbia’s unprecedented heavy …
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Economic benefits of Premier League confirmed by report
A new study by EY highlights how the Premier League and its clubs have continued to generate widespread benefits for the economy, society and the entire football pyramid, despite the …
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GM’s chief economist says U.S. inflation problems will improve
General Motors’ chief economist said Thursday that she believes the country’s inflation problems are only temporary and mostly the result of supply-chain bottlenecks — not last year’s stimulus checks — and that …
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