According to data published by the Office for National Statistics on Wednesday, 17 April 2024, consumer prices increased by 3.2%, which is slightly less than the recorded 3.4% in February 2024. These records further indicated that core inflation, which does not include food, energy, or tobacco, dropped from 4.5% to 4.2%. A Reuters poll predicted…
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According to an Austrian Broadcasting Corporation (ORF) radio report, Benko allegedly deceived a local bank about the financial standing of Signa in renewing a €25m loan. Reuters reported that the property tycoon’s lawyer, Norbert Wess, confirmed this investigation and said that Benko was notified “some time ago”, but maintains that the accusations are “unfounded”. The…
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This move risks the continued support of the International Monetary Fund (IMF) and hampers the resolution of the country's ongoing debt issues. In the wake of this news, Sri Lanka's bonds dropped by 2.5 cents. According to Reuters, Udeeshan Jonas, a chief strategist at CAL Group, said: "Completing the IMF review by June becomes difficult…
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The tech company will receive as much as $6.4bn from the US Department of Commerce to realise this development. Based on CNBC information, this funding is part of the capital dedicated to the overall cluster, and the scheme might exceed $40bn. The CHIPS and Science Act, which aims to revive the local manufacture of computer…
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Nagasaki will steer the ChatGPT maker’s commercial and marketing efforts and grow the company’s Global Affairs, Go-to-Market, Communications and Operations in Japan. OpenAI published the statement on Sunday, 14 April 2024 and wrote: As we grow our operations internationally, we’re expanding into Asia with a new office in Tokyo, Japan. The organisation indicated that this…
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Everyone – from investors and consumers to authorities and analysts – anticipated inflation relief. Instead, price stresses continued, and, following the confirmed information, the Dow Jones Industrial Average lost almost 500 points when it dropped by 2.4%. CNBC quoted Jason Furman, a Harvard economist, who commented: Fool me once, shame on you. Fool me twice,…
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This is reportedly the largest sell-off of the world’s most prominent crypto asset experienced in over a year. Despite falling below $62,000 at one stage during Saturday’s trading, BTC gained back 3.9%, which pushed it past the $64,000 mark on Sunday, 14 April 2024. At one point, this virtual currency spiked as much as 8.3%.…
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This action, which occurred during the final 15 minutes of local trading time on Tuesday, 9 April 2024, sunk China Tianrui Group Cement’s stock by 99%, and at the final bell, a share sold for 0.048HKD. According to Bloomberg, the company cited a pending announcement regarding inside information for the halt in trading. The company’s…
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The firm recently faced economic challenges that tripped up its growth. In 2022, Amazon axed more than 27,000 jobs, the largest in the company’s history. These organisational moves are ongoing, and in 2024, the company trimmed its cloud computing, Prime Video, and Twitch segments. Jassy, who took over when Jeff Bezos stepped down in 2021,…
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These new rules will align the country’s merger practices with those of developed economies. Coming into effect on 1 January 2026, these regulations aim to identify and prevent anti-competitive deals. Gina Cass-Gottlieb, the chairperson of ACCC, said: We welcome the Treasurer’s announcement today that the government will move to strengthen Australia’s merger laws, which…
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