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British economy stalls in third quarter
British economy stalls in third quarter
Economy
by  AFP

Britain's economy stagnated in the third quarter, official data showed Friday, weighed down by elevated inflation and interest-rate hikes. The data comes one week after the Bank of England froze interest rates at a 15-year high of 5.25 percent to tackle high inflation, and forecast the economy would flatline next year.

Bangladesh PM rejects further pay hike after garment worker protests
Bangladesh PM rejects further pay hike after garment worker protests
Economy
by  AFP

Bangladesh's Prime Minister Sheikh Hasina has rejected any further pay hikes for protesting garment workers demanding a nearly tripled wage increase, after violent clashes with police and factories were ransacked. The protests have left at least three workers dead and more than 70 factories ransacked since last week, according to police.