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Nervous investors across big economies have been dumping government bonds, driving up the cost of borrowing, as surging oil prices amplified fears about rising inflation.
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Good afternoon, the Vice-President and I welcome you to our press conference. I would like to thank President Nagel for his kind hospitality and express our special gratitude to his staff for the excellent organisation …
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Editor’s Note: The ETFs tracking benchmark indices, lede, economic data, and the headline were updated in the story.
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The Governing Council today decided to raise the three key ECB interest rates by 25 basis points. The conflict in the Middle East continues to generate inflation pressures, and inflation is set to remain well above targ…
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Many mayors welcome power to impose tourist tax but industry warns of ‘irreparable harm’ and job losses
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English sparkling winemakers expect their earliest grape harvest and a “vintage year” after a scorching summer quickly ripened grapes.
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OpenAI has failed to reduce the risk of a “catastrophic” loss of control over AI, said Paul Cristiano, a U.S. government advisor on high technology. He issued this warning at a board meeting of the nonprofit OpenAI, of …
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Ryanair has said it will be “disputing” that any part of a passenger’s body was sucked outside when a window on one of its aircraft broke while in flight.
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Borrowing costs climb in Europe and oil tops $105 a barrel as bank says growing price pressures in eurozone will be ‘longer lasting than we had anticipated’
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Billionaire Alex Beard and his former deputy appear in London court over alleged payments to African officials
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A container ship approaches the Bab-el-Mandeb Strait on January 18, 2024 in Obock, Djibouti. Photo: VCG
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The supermarket chain Iceland has said it will open a shop on the Falkland Islands in early December.
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Losses at the owner of John Lewis and Waitrose widened by more than 40% in the first half of the year as it struggled with higher costs and with shoppers feeling less confident about their money.
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Andy Burnham must overhaul Shabana Mahmood’s migration reforms or risk overstretching social care and fuelling far-right sentiment, the TUC general secretary, Paul Nowak, has warned.
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To incentivize voters to cast ballots for Republicans, President Trump used his convention speech to promise a dividend of $5,000 to every adult citizen if the Republican Party maintains control of Congress in the midte…
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A credible signal that the Iran conflict could extend well beyond the midterms, rather than resolve quickly as Trump has publicly suggested, argues against pricing in a near term de-escalation for oil ($120 Brent risk).…
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Birmingham-based Headlam said it had also closed 28 of its 76 trade counters, but that it would continue to trade while a restructuring takes place.
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The US treasury moved to cut the cost of borrowing on Wednesday only to be swiftly rebuffed by the bond market.
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More than two centuries ago, the poet Johann Paul Friedrich Richter described Berlin as “more a part of the world than a city”.[1] History would prove him right.
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One researcher who resigned said many in industry believe that without regulation AI could kill off humanity
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Government remains confident in under-pressure Martin Rolfe but transport secretary believes glitch was avoidable
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European authorities will be encouraged to buy more domestic goods and services when they spend public money under the EU latest effort to counter China’s economic might.
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The British supercar manufacturer McLaren is to create 1,000 jobs in a welcome boost to the UK’s struggling automotive industry.
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Stocking up on cured sausages from the half-empty shelves in her local supermarket, Valentyna Sveshnikova is worried about money. The 68-year-old grandmother lives off her small pension and has already noticed the cost …