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Economic News
UK inflation edges down to 10.5% in December, food prices surge
By David MillikenLONDON (Reuters) - British inflation eased last month after hitting a 41-year high in October, offering some comfort to…
Global jobs growth will halve in challenging 2023: ILO
LONDON (Reuters) - Global employment growth is expected to slow down sharply to 1% this year compared to 2% in 2022, hit by the economic…
EU court confirms HSBC’s annulled euribor cartel fine
BRUSSELS (Reuters) - Europe's top court on Thursday confirmed the annulment of an EU antitrust fine handed out to HSBC in 2016 for rigging…
Uniqlo owner gives Japan Inc a jolt with 40% wage hike
TOKYO (Reuters) -Uniqlo parent Fast Retailing Co Ltd on Wednesday said it would raise wages by as much as 40%, focusing on its home market…
Exclusive-TikTok freezes hiring for U.S. security deal as opposition mounts
By Echo Wang(Reuters) - TikTok has stopped a hiring process for consultants that would help it implement a potential security agreement…
Equity funds record largest ever weekly outflows -BofA
By Lucy RaitanoLONDON (Reuters) - Investors shed stocks at the highest weekly rate ever in the week to Wednesday, selling a net $41.9…
UK economy was G7 growth laggard in Q3 as dismal 2023 beckons
By Andy BruceLONDON (Reuters) -Britain's economy contracted more than first thought in the third quarter of this year, putting it bottom…
Falling stocks and bruised dollar reel from BOJ’s surprise policy shift
By Nell MackenzieLONDON (Reuters) -World stocks slid on Tuesday after a policy tweak by Japan's central bank rattled investors already…
Saudi Arabia gathers China’s Xi with Arab leaders in ‘new era’ of ties
By Maha El Dahan and Aziz El YaakoubiRIYADH (Reuters) -Chinese President Xi Jinping met Gulf Arab leaders in Riyadh on Friday in the…
U.S. equity funds register biggest weekly outflow in over five weeks
(Reuters) - U.S. equity funds logged big outflows in the week to November 30 as investors booked profit after concerns over economic growth…