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Santander racks up another record quarter
Santander racks up another record quarter
Economy
by  AFP

Spanish lender Banco Santander announced Wednesday another record quarterly profit thanks to high interest rates and a growing customer base. The rise in global interest rates has been a boon for most banks, including Santander, as it has increased margins on their lending operations.

Israel-Hamas war already affecting regional economies: IMF head
Israel-Hamas war already affecting regional economies: IMF head
Economy
by  AFP

The raging war between Israel and Hamas is already battering the economies of nearby countries, the managing director of the International Monetary Fund told a Saudi investor forum on Wednesday. Georgieva spoke one day after Wall Street titans told the forum that the war could deal a heavy blow to the global economy, especially if it draws in other countries.