The war between Israel and Hamas could deal a "serious" blow to global economic development, the president of the World Bank told an investor conference in Saudi Arabia on Tuesday.
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Europe's auto suppliers reach the end of the road
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Nearly two years into war, is Russia's economy out of the woods?
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UK's high speed rail row overshadows Conservative party conference
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Asian markets diverge, dollar weakens ahead of US inflation data
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Nigeria targets cryptocurrency in bid to end naira freefall
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Outcry in Kenya over tax 'harassment' of travellers
A move by Kenyan authorities to tax travellers on new or used goods brought into the country has caused an outcry, with lawmakers and even a government minister denouncing the scheme.
Macron calls to strengthen partnerships in Central Asia visit
French President Emmanuel Macron said he wanted to "accelerate cooperation" with Kazakhstan on Wednesday, as part of a visit to boost France's footprint in Central Asia. Several French presidents have visited Kazakhstan since the fall of the Soviet Union, but Macron will be the first to go to Uzbekistan since 1994.
Russian aviation sector faces strong headwinds
Russia's aviation industry is facing heavy turbulence, as concerns for passenger safety mount in the face of poor maintenance, a lack of spare parts and regular breakdowns. Almost two years into the Ukraine conflict, Kyiv has revelled in the turbulence facing the Russian industry as a result of sanctions.
Toyota hikes annual forecast as first-half net profit doubles
Toyota ramped up its annual net profit forecast to $26.1 billion on Wednesday after reporting it more than doubled in the first six months of the year. For the six months to September, Toyota said net profit more than doubled to 2.59 trillion yen on sales of 21.98 trillion yen, which were up almost a quarter on the previous year.
Europe's economic powerhouse tests a shorter working week
Maximilian Hermann's weekend starts on Friday morning, when he puts his motorcycle helmet on and takes his bike out for a ride to the southern German Alps. Among the pioneers of the four-day week is Hermann's employer KlimaShop, a purveyor of heat pumps and air-conditioning systems based near Augsburg in southern Germany.
Electric vehicles gain traction in Jordan as petrol prices rise
Electric vehicle sales are surging in Jordan, a trend drivers and showrooms attribute to high petrol prices more than any concerns about air pollution and climate change. "The main reason is the high price of gasoline in Jordan, it is a burden with the high cost of living."
China lithium boom harming fragile Tibetan plateau: report
China's booming electric vehicle industry is fuelling a lithium rush in the Tibetan plateau that risks damaging the troubled region's fragile ecology and deepening rights violations, research published Wednesday said. But many exiled Tibetans accuse China's ruling Communist Party of repression, torture and eroding their culture, with rights groups and some Western governments backing their claims.
Equities gain ahead of Fed, yen rebounds on intervention warning
Most Asian stocks rose Wednesday ahead of an expected pause in the US Federal Reserve's interest rate campaign, while the yen fell from its 2023 highs after Japan's top forex official said authorities were "on standby" to intervene. But it picked up in early Asian trade after currency official Masato Kanda said Tokyo was ready to move if needed to step into forex markets.
US Fed likely to hold rates again despite strong economic growth
The Federal Reserve is widely expected to announce Wednesday that it will keep interest rates at a 22-year high in a bid to tackle inflation without harming the buoyant US economy. However, economic growth has remained surprisingly robust, solidifying expectations of a so-called "soft landing," when the Fed smoothly brings down inflation without tanking the economy.
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