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Business
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Economy
12/30/2022 5:28:26 PM
US stocks slumped Friday to start the final trading day of 2022, ready to cap off a turbulent year shaken by decades-high inflation and aggressive central bank responses to rein in costs.
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Business
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Economy
12/27/2022 5:53:00 PM
The Spanish government on Tuesday announced a new package of measures worth some 10 billion euros ($10.6 billion) to alleviate the cost of living, including axing the value-added tax on basic foodstuffs.
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World
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Region
12/27/2022 3:29:49 PM
Tunisia's finance minister unveiled a budget Monday aiming to use new tax revenues to claw the deficit back to near five percent of GDP, as the cash-strapped country awaits an international bailout.
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Business
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Economy
12/26/2022 11:22:00 PM
The COVID-19 pandemic continues to create serious challenges for the Egyptian economy, which has been exacerbated by the repercussions of the Russian-Ukrainian conflict that sparked in March.
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World
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Region
12/25/2022 3:42:25 PM
Driven mainly by soaring energy prices, inflation in the UK has been running high this whole year in 2022, reaching successive new records. In October, households paid 88.9 percent more on average for electricity, gas and other fuels than a year ago, the Office for National Statistics (ONS) said.
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Business
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Economy
12/23/2022 6:18:00 PM
Late Friday, the Executive Board of the International Monetary Fund (IMF) approved a $3 billion 46-month loan deal for Egypt under the Fund’s Extended Fund Facility (EFF) with an immediate disbursement of about $347 million as a first tranche of the loan amount.
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Business
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Economy
12/22/2022 9:10:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) has raised on Thursday the interest rates by three percent (300 bps), thus exceeding expectations.
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World
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International
12/22/2022 7:56:59 PM
France's railways face a 100-million-euro ($106-million) bill over a Christmas rail strike organised by ticket inspectors without union backing which has caused a major backlash from travellers, a minister said on Thursday.
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Business
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Economy
12/22/2022 3:28:45 PM
The World Bank has revised down predictions for Egypt’s real GDP growth in FY2022/2023 to 4.5 percent, down from 4.8 percent it expected in October and below the 6.6 percent the country attained in FY2021/2022.
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Business
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Economy
12/22/2022 3:20:41 PM
Turkish President Recep Tayyip Erdogan on Thursday announced the third major minimum wage hike in a year to try and combat a historic jump in consumer prices ahead of crunch elections.
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Business
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Economy
12/22/2022 12:53:00 PM
The Monetary Policy Committee (MPC) of the Central Bank of Egypt (CBE) is set to hold its final meeting for 2022 on Thursday to review the key interest rates in light of the latest updates in the local and global economic scene, particularly the accelerating inflation rates.
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World
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International
12/21/2022 12:18:08 PM
UK ambulance workers went on strike Wednesday, widening a dispute with the government over its refusal to increase pay above inflation after recent walkouts by nurses.
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Business
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Economy
12/21/2022 11:36:14 AM
UK state borrowing surged last month on fallout from sky-high inflation, notably government financial help for consumers and businesses struggling to afford soaring energy bills, official data showed Wednesday.
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Al-Ahram Weekly
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Egypt
12/20/2022 1:08:00 PM
A year ago, experts warned of inflationary pressures because of increased demand after two years of closures related to the Covid-19 pandemic, which led to supply chain disruptions.
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Business
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Economy
12/16/2022 4:15:41 PM
Shaken by the Federal Reserve's aggressive stance this week on rate hikes to come, U.S. futures sold off sharply, pointing major markets toward another weekly loss.
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Business
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Economy
12/15/2022 5:04:27 PM
The European Central Bank slowed its record pace of interest rate hikes only slightly Thursday, joining the U.S. Federal Reserve and other central banks around the world in reinforcing an inflation crackdown while glimpsing headway against the high prices that are plaguing consumers.
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World
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International
12/15/2022 2:59:27 PM
Thousands of nurses walked off their jobs in England on Thursday, escalating a wave of industrial unrest in the U.K. this month as ambulance and postal workers, bus drivers and airport baggage handlers all stage strikes to demand better pay amid a cost-of-living crisis.
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Al-Ahram Weekly
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Economy
12/15/2022 2:10:00 PM
Egypt’s inflation rate saw another jump in November to reach its highest level in five years.
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World Cup 2022
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News
12/15/2022 11:51:00 AM
Argentina's economy may be sinking but the entire country is buoyant, basking in the elation of its football team led by iconic captain Lionel Messi reaching the World Cup final.
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Al-Ahram Weekly
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Egypt
12/13/2022 10:04:32 PM
The government is tightening its control on the local retail market in a bid to contain soaring prices of basic commodities
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