Business
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China hits Alibaba with record $2.78bn fine for market abuses
Alibaba, the Jack Ma-founded Chinese e-commerce leader and one of the world’s most valuable companies, said it accepted the penalty…
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Biden to unveil plan for 21% global minimum tax
Joe Biden is proposing to plough $2 trillion (€1.7 trillion) in government spending into US infrastructure alongside $2 trillion in…
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Banks warn of ‘significant losses’ as they exit positions with large U.S. hedge fund
While neither Credit Suisse nor Nomura named the fund, it’s been widely reported that Archegos Capital Management is the firm…
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Greece and Egypt: Game Changers in the East Mediterranean’s Energy Geopolitics
Greece remains the third most unexplored country in the East Mediterranean with promising prospects of energy discoveries that are… Estimates…
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The U.S. will remain richer than China for the next 50 years or more, says economist
“I think it’s very unlikely that … China will get to U.S. levels of GDP per capita — that’s our…
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Poland’s expensive stillborn coal plant
WARSAW — Ostrołęka C was supposed to be Poland’s last coal-fired power plant, boosting the energy security of the coal-rich…
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Food scarcity fears prompt plan to ease post-Brexit checks on EU imports
Ministers are preparing to relax post-Brexit plans for border checks on food and other imports from the European Union because…
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A tantrum without tapering
Stocks fell sharply in Thursday’s New York session after bond “real,” or inflation-protected component of Treasury yields rose sharply. David…
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UK urged to take lead in easing debt crisis in developing countries
Boris Johnson should use his presidency of the G7 this year to insist that UK banks take part in the…
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US charges three North Korean computer programmers in $US1.3 billion hacking spree
The indictment alleges that Jon Chang Hyok, 31, Kim Il, 27, and Park Jin Hyok, 36, stole money while working…
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CBO: U.S. debt to exceed size of economy even before stimulus
Still, the CBO said that the annual federal deficit — the difference between what the government spends and what it…
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Brexit cost will be four times greater for UK than EU, Brussels forecasts
The economic blow dealt by Brexit will be four times greater in the UK than the EU, according to the…
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End of the fossil age: Shell says its oil production has peaked
Shell’s “total oil production peaked in 2019” and will now drop 1 per cent or 2 per cent annually, the…
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Green Party rift on EU-Canada deal sidelined via Coalition committee
A potentially damaging split within the Green Party over the controversial EU-Canada trade deal has been averted by a Government…
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Lagarde warns of ‘cliff edge’ in public spending to save economy
Governments must “beware of the cliff edge” and keep up spending to support their economies, Christine Lagarde said in another…
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Massive Inequality Is a Feature of Capitalism, Not a Bug
To grasp the sheer magnitude of U.S. economic inequality in recent years, consider its two major stock market indices: the…
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