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13875 articles published since 08 Mar 2022

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Bank of England hikes interest rate tenth time in row
Bank of England hikes interest rate tenth time in row
Business and Economy

The Bank of England on Thursday hiked its interest rate for a tenth time in a row as global authorities race to combat sky-high inflation. The hike was double the lift announced by the US Federal Reserve on Wednesday, while the European Central Bank was also set to raise its rate again on Thursday.

Macron vs the unions: What happens next in France?
Macron vs the unions: What happens next in France?
Business and Economy

French President Emmanuel Macron is facing his biggest standoff with France's trade unions since coming to power in 2017, with the outcome of a series of strikes and protests seen as decisive for both sides. Momentum is clearly with the unions who announced two further days of protests and strikes next week, on Tuesday and Saturday.

Hong Kong offers 500,000 free flights after Covid isolation
Hong Kong offers 500,000 free flights after Covid isolation
Business and Economy

Hong Kong is ready to welcome the world back, its leader said Thursday, pledging more than half a million free flights and positive publicity to resurrect the once-vibrant global hub after three years of Covid-enforced isolation. Even as business leaders warned Hong Kong would need a full Covid exit plan before any meaningful reboot, officials insisted on gradually rolling back restrictions.

Santander bank posts record profit as rates rise
Santander bank posts record profit as rates rise
Business and Economy

Spanish banking giant Banco Santander reported on Thursday record profits for 2022, becoming the latest European lender to get a boost from higher interest rates. And on Thursday Germany's largest lender, Deutsche Bank said it booked its highest annual profit since 2007 last year, thanks to higher interest rates.

Sony hikes net profit forecast as weak yen boosts gaming
Sony hikes net profit forecast as weak yen boosts gaming
Business and Economy

Sony upgraded its annual net profit forecast on Thursday, saying it expects strong results in its key gaming sector as the weak yen inflates profits on products sold abroad. In the 2022-23 financial year, Sony Group now expects net profits of 870 billion yen, up from the previous estimate of 840 billion yen.

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