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Egypt’s Sisi cruises towards victory in subdued election

Egypt’s Sisi cruises towards victory in subdued election

An Egyptian man walks next to a banner of presidential candidate and current Egyptian President Abdel Fattah al-Sisi at the New Administrative Capital (NAC), east of Cairo, Egypt, December 12, 2023. REUTERS/Mohamed Abd El Ghany/File Photo Acquire Licensing Rights Vote comes amid economic crisis, war in Gaza Sisi set to stay in power until 2030...

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Australia plans to halve migrant intake, tighten student visa rules

Australia plans to halve migrant intake, tighten student visa rules

SYDNEY, Dec 11 (Reuters) – Australia on Monday said it would tighten visa rules for international students and low-skilled workers that could halve its migrant intake over the next two years as the government looks to overhaul what it said was a “broken” migration system. Under the new policies, international students would need to secure...

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‘Messi of finance’: Argentina economy chief faces World Cup of crises

‘Messi of finance’: Argentina economy chief faces World Cup of crises

[1/2]Former governor of Argentina’s central bank, Luis Caputo, speaks during a news conference in Buenos Aires, Argentina May 4, 2018. Picture taken May 4, 2018. REUTERS/Marcos Brindicci/File Photo Acquire Licensing Rights BUENOS AIRES/NEW YORK, Dec 6 (Reuters) – Luis Caputo was once nicknamed the “Messi of finance” for reopening Argentina’s access to credit markets after...

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China says visa-free travel policy has boosted tourism

China says visa-free travel policy has boosted tourism

BEIJING, Dec 5 (Reuters) – China’s foreign ministry said on Tuesday its visa-free travel policy has produced a clear effect, making things easier for travellers. “Going forward, the Ministry of Foreign Affairs will continue to adjust visa policies to create more favourable conditions and further facilitate cross-border travel,” spokesperson Wang Wenbin told a press briefing...

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Asian stocks slide as focus turns to US jobs

Asian stocks slide as focus turns to US jobs

Passersby walk past an electric board displaying Japan’s Nikkei share average outside a brokerage in Tokyo, Japan April 18, 2023. REUTERS/Issei Kato/File Photo Acquire Licensing Rights SINGAPORE, Dec 5 (Reuters) – Asian stocks slipped to three-week lows on Tuesday while bonds and the dollar steadied as investors tempered expectations for cuts to U.S. interest rates...

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Tech firms, Wall Street lead job cuts in Corporate America

Tech firms, Wall Street lead job cuts in Corporate America

Dec 4 (Reuters) – Economic uncertainties due to a rapid rise in interest rates forced U.S. companies like tech behemoth Amazon.com (AMZN.O) and Wall Street banks including Goldman Sachs (GS.N) to slash thousands of jobs in a quest to rein in costs. Many companies such as Meta Platforms (META.O) even resorted to more than one...

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Stocks retreat after rally with jobs data eyed, yields climb

Stocks retreat after rally with jobs data eyed, yields climb

[1/3]Traders gather at the post that trades Alaska Airlines stock on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 4, 2023. REUTERS/Brendan McDermid/File Photo Acquire Licensing Rights Major US averages fall Dollar rises Gold retreats after hitting record high Oil settles down more than 1% NEW YORK, Dec...

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Exclusive: Colombia makes major changes to auction rules for offshore wind blocks

Exclusive: Colombia makes major changes to auction rules for offshore wind blocks

[1/6]Omar Andres Camacho, Colombian Minister of Mines and Energy, speaks during an interview with Reuters in Bogota, Colombia November 29, 2023. REUTERS/Luisa Gonzalez Acquire Licensing Rights BOGOTA, Dec 2 (Reuters) – Colombia has significantly modified the terms for its first-ever offshore wind energy auction, set to receive bids in August next year, with the aim...

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Explainer: Can technology solve the global climate crisis?

Explainer: Can technology solve the global climate crisis?

Dec 2 (Reuters) – Governments and investors are pouring billions of dollars into emerging technologies to combat global warming in long-shot bets that entrepreneurship can help lead the way to a climate-friendly world. As officials from nearly 200 countries seek to forge agreements at the U.N. COP28 climate summit in Dubai this month, they will...

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US consumer spending cools; labor market gradually slowing

US consumer spending cools; labor market gradually slowing

Consumer spending increases 0.2% in October Personal income gains 0.2%; saving rate climbs to 3.8% Core PCE price index rises 0.2%; up 3.5% year-on-year Weekly jobless claims rise 7,000 to 218,000 Continuing claims jump 86,000 to 1.927 million WASHINGTON, Nov 30 (Reuters) – U.S. consumer spending rose moderately in October, while the annual increase in...

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Analysts at China’s CICC told not to publish bearish views, wear luxury items -memo

Analysts at China’s CICC told not to publish bearish views, wear luxury items -memo

The company logo of China International Capital Corporation Ltd (CICC), China’s first joint venture investment bank, is displayed at a news conference on the company’s annual results in Hong Kong, China March 30, 2016. REUTERS/Bobby Yip/File Photo Acquire Licensing Rights HONG KONG, Nov 30 (Reuters) – China International Capital Corp (CICC) (3908.HK), the country’s third-largest...

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Israel’s First International Bank Q3 profit dips, default provision jumps

Israel’s First International Bank Q3 profit dips, default provision jumps

A man speaks on his mobile phone as he walks in front of a First International Bank of Israel branch in Jerusalem January 27, 2014. REUTERS/Baz Ratner Acquire Licensing Rights JERUSALEM, Nov 29 (Reuters) – First International Bank of Israel (FIBI) (FIBI.TA) reported a dip in third-quarter net profit, hurt by a quadrupling of its...