Economy
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Business
Singapore economy beats estimates but govt warns of risks
SINGAPORE: Singapore’s economy posted better-than-expected results in the first quarter of 2023, official data showed Thursday, but the government warned…
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Business
‘Nothing left’ as looting guts Sudan’s crippled economy
KHARTOUM: A month ago, Mohsen Abdelrahman owned a small but profitable jewelry store in Khartoum. Now, he has nothing to…
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Business
Microsoft says it will axe 10,000 employees over poor economy
Washington: Microsoft on Wednesday said it would layoff 10,000 employees in the coming months as the economic downturn continues to…
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Business
Al Roudhan: partnership between public and private sectors a pillar of growth for Kuwait’s digital economy
Kuwait: Zain, the leading digital service provider in Kuwait, announced its platinum sponsorship of the ninth eGovernment Forum (EGOV9). The…
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Business
Eurozone downturn deepens, Germany heads for recession
Brussels: Economic activity in the eurozone plummeted further in October and Germany, the EU’s top economy, looks headed for a…
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Business
US hiring slows in September as unemployment rate dips
Washington: Hiring in the US economy slowed slightly in September, as expected, while the jobless rate ticked back down to…
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Business
UK economy closes in on recession
LONDON: Britain’s economy shrank in the second quarter, official data showed Friday, as the country heads towards recession under a…
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Business
UK debt repayments soar on high inflation
London: Interest repayments on UK government debt have soared as the country’s inflation reaches the highest levels in decades, official…
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Business
UK economy shrinks for second month in a row
London: British economic output declined for a second month in a row in April, weighed down by decades-high inflation, official…
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Business
Philippine economy rebounds in 2021 as COVID rules relaxed
MANILA: The Philippine economy rebounded stronger than expected in 2021 after a relaxation of COVID-19 rules fuelled consumer spending and…
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Business
Omicron hangs over Bank of England’s rate decision
LONDON: The Bank of England will likely hold its interest rates at their current record lows tomorrow as it weighs…
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Business
Afghans go back to making carpets as economy unravels
KABUL: Four Afghan brothers have hauled their family’s carpet loom out of storage in the desperate hope of earning a…
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