Business
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Economy
12/2/2022 5:17:41 PM
Stock markets fell on Friday after strong US jobs data raised concerns that the US Federal Reserve may continue to aggressively hike interest rates to tame inflation.
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Business
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Markets & Companies
12/1/2022 5:15:23 PM
Shares advanced in Europe and Asia on Thursday after a rally on Wall Street spurred by the Federal Reserve chair's comments on easing the pace of interest rate hikes to tame inflation.
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Business
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Economy
12/1/2022 4:51:07 PM
A closely-watched measure of US inflation edged down in October, government data showed Thursday, with costs of goods easing while spending remained resilient.
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World
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International
11/30/2022 9:37:38 PM
The Federal Reserve could ease its pace of interest rate hikes "as soon as" December, chair Jerome Powell said Wednesday, as the US central bank's campaign to cool prices trickles through the world's largest economy.
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Business
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Economy
11/30/2022 7:27:58 PM
Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate.
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Business
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Markets & Companies
11/30/2022 2:34:13 PM
The global inflationary wave and its severe repercussions on the prices of commodities and services in the Egyptian market are the main challenges Fawry and other e-payment and digital finance solutions companies have been facing since the onset of the Russia-Ukraine conflict, Fawry CEO Ashraf Sabry said.
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Business
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Economy
11/30/2022 1:08:29 PM
The Eurozone annual inflation rate slowed to 10 percent in November, falling for the first fall in 17 months, the EU statistics agency said Wednesday.
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World
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International
11/30/2022 11:59:49 AM
Britain's government on Wednesday rejected union pay demands after ambulance workers joined nurses in voting to go on strike.
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Business
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Economy
11/28/2022 10:07:34 PM
The Egyptian economy is expected to achieve an overall growth of around five percent by the end of the current fiscal year (FY) 2022/2023, surpassing earlier international expectations, Minister of Planning and Economic Development Hala El-Said has noted.
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Sponsored
11/27/2022 12:00:56 PM
The CBE’s 200 bps policy rate hike aligned with our previously announced expectations of a 200 bps interest rate increase before year-end, which should help contain inflation, which reached 15.0% in September, and makes carry-trade more attractive.
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Business
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Economy
11/24/2022 10:48:48 AM
A majority of US Federal Reserve policymakers found that a slower pace of interest rate hikes would "likely soon be appropriate," the central bank said Wednesday.
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Business
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Economy
11/22/2022 7:11:38 PM
World economic growth is slowing due to decades-high inflation, the OECD said Tuesday, calling for "essential" further monetary policy tightening and "more targeted" government support.
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Sports
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Omni sports
11/22/2022 7:01:46 PM
The operating budget for the 2024 Paris Olympics is expected to go up by 10%, in part because of high inflation, organizers said Tuesday.
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Business
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Energy
11/22/2022 4:23:11 PM
Italy's new far-right government unveiled its first budget on Tuesday, with most of the nearly 35 billion euros in spending for 2023 going on the energy crisis rather than flashy electoral promises.
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Business
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Economy
11/22/2022 4:22:15 PM
British state borrowing jumped last month on fallout from costly energy support and soaring inflation, official data showed Tuesday.
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Business
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Economy
11/22/2022 12:34:31 PM
Hobbled by high interest rates, punishing inflation and Russia's war against Ukraine, the world economy is expected to eke out only modest growth this year and to expand even more tepidly in 2023.
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Business
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Economy
11/21/2022 6:42:50 PM
Britain needs more migrant labor to boost productivity as it faces a toxic mix of soaring inflation and shrinking growth, the country's main business lobby group warned Monday.
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Business
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Economy
11/18/2022 3:13:10 PM
Eurozone banks are set to pay back on Friday just under 300 billion euros ($311 billion) in cheap loans paid out by the European Central Bank, the institution said, as it looks to ease sky-high inflation.
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Business
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Markets & Companies
11/17/2022 10:31:15 PM
Stocks fell on Wall Street and Treasury yields rose Thursday afternoon after more indications from the Federal Reserve that it may need to raise interest rates much higher than many people expect to get inflation under control.
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Business
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Economy
11/14/2022 12:56:15 PM
Fitch Solutions has revised up its projections for Egypt’s real GDP growth in 2022 by 0.3 percent to 6.62 percent from 6.59 percent it projected in October, according to its latest update on its monthly MENA Economic Outlook Report.
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