News
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Credit Suisse preps 'transformation plans' to restore confidence
The Swiss bank's stock price has shed 70 percent since the March 2021 collapse of British financial firm Greensill to which it was heavily exposed. With Switzerland's second-biggest bank refraining from revealing its intentions, speculations have been swirling
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Hey big spenders: Qatar woos the rich with luxury World Cup
With deluxe match packages selling for thousands of dollars and five-star hotels doing a brisk trade, a sheen of glamour coats Qatar's World Cup despite football's working-class roots
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Judge halts Twitter-Musk case, sets Oct 28 deadline to close deal
Delaware Judge Kathaleen McCormick, ruling on a Musk request to freeze the case that had drawn a biting retort from Twitter, said a trial originally scheduled to begin in 11 days could be rescheduled for next month if a deal is not finalized
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US national debt tops $31 trillion for first time
The breach of the threshold comes at an inopportune moment, as historically low interest rates are being replaced with higher borrowing costs as the Federal Reserve tries to combat rapid inflation
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As demand for oil falls, Saudi Arabia and Russia face limits to pricing power
Even if Saudi Arabia and other leading oil-exporting countries cut their production targets this week, spurning U.S. efforts to keep supplies flowing, the move may barely register in global oil prices. Here's why
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Fitch lowers outlook for UK rating from 'stable' to 'negative'
Just a month since she succeeded Boris Johnson, Truss has alienated voters, financial markets and many of her own lawmakers
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Former Uber security chief convicted in hack cover-up: reports
Joseph Sullivan was found guilty of obstructing the work of the Federal Trade Commission and of failing to let authorities know about a crime when he hid a 2016 hack instead of reporting it
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The censor cannot hold: Inside the pressure of controlling China's internet
Few people who have worked inside China's propaganda apparatus have told their stories. Even fewer are prepared to do so openly
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Businesses brace for currency chaos in Asia as dollar strengthens
Countries have undergone several major changes that have made their economies much less susceptible to a strong dollar than they were in the late 1990s. But uncertainty looms
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Why crypto's big 'merge' is causing big headaches
The Ethereum blockchain, which supports billions of dollars of trading in games, tokens, art and the ether currency, has cleaned up its act. But there are complications
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Crypto needs more rules and better enforcement, regulators warn
Concerns about vulnerabilities in the crypto markets have become more pronounced in recent months, in the wake of wild swings in price and serious losses in the industry