Category: East
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North east outstrips South as UK’s pay rise capital
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Workers in the north of the UK are now more likely to receive a pay rise than their counterparts in the south, according to Totaljobs’ new 2025 salary trends report. The research, which relied on 17.5 million online job adverts and a survey of 3,000 people, found that 84% of…
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Charting the Global Economy: Assad’s Fall Adds to Middle East Instability
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Breadcrumb links BMN Business The overthrow of Bashar al-Assad’s government added a new source of instability to the Middle East, with Türkiye asserting itself as the main player in shaping Syria’s future. Article writer: Bloomberg News Vince Juhl and Molly Smith Posted on December 14, 2024 • 4 minutes read…
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Emerging trends and opportunities in East Africa’s digital payments ecosystem
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In recent years, East Africa has made great strides in adopting digital payments. Notable trends that have emerged include e-commerce card transactions, contactless methods such as tap to pay and QR code payments, alongside already sophisticated mobile payment systems. Another trend in the evolving, more comprehensive and efficient digital payments…
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South East leads in bank loans to small businesses as other UK regions lag behind
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Small businesses in south-east England are benefiting from a strong rebound in bank lending, leaving the rest of the UK behind, according to new research by the British Business Bank. Lending to businesses in the region has surged, leading to a 21% increase in approved loans and overdrafts across the…
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Forexlive Americas FX news wrap: Oil continues to rally as Middle East response awaited
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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What an oil war in the Middle East could look like
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Breadcrumb Trail Links Energy Oil & Gas Financial Times Israel is considering attacks on Iranian energy sites, for which Iran might then retaliate, affecting global supplies Author of the article: Financial Times Myles McCormick in Houston, Jamie Smyth in New York and Tom Wilson, Shotaro Tani and Steven Bernard in…
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European shares rise as energy stocks shine on wider Middle East conflict By Reuters
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Written by Pranav Kashyap (Reuters) – European stocks rose on Friday, supported by energy shares in the region, after prices rose on concerns about a deeper conflict in the Middle East. The European index rose 0.2%. However, the index is on track to record its worst week since September 2,…
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Dollar strengthens ahead of key payrolls release; Middle East turmoil helps By Investing.com
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Investing.com – The US dollar rose on Thursday, benefiting from strong employment data as well as uncertainty caused by unrest in the Middle East. At 04:30 EDT (08:30 GMT), the dollar index, which tracks the greenback against a basket of six other currencies, rose 0.2% to 101.597, not far from…
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aviation grapples with Middle East escalation By Reuters
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By Joanna Ploczynska LONDON (Reuters) – Rising tensions in the Middle East caused chaos in air travel, with global airlines diverting or canceling flights on Wednesday and regional airports, including Lebanon, Israel and Kuwait, showing long delays, according to FlightRadar24 data. Concerns about travel disruption as the conflict intensifies also…
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Middle East explodes, Bitcoin steady: is something broken?
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Why do markets remain calm while the Middle East is on fire? Is Bitcoin really immune to geopolitical chaos, or are we missing something bigger here? Rockets fly, Bitcoin stands still One year ago, Israeli Prime Minister Benjamin Netanyahu stood confidently in the United Nations General Assembly, celebrating what seemed…
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Middle East explodes, Bitcoin steady: is something broken?
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Why do markets remain calm while the Middle East is on fire? Is Bitcoin really immune to geopolitical chaos, or are we missing something bigger here? Rockets fly, Bitcoin stands still One year ago, Israeli Prime Minister Benjamin Netanyahu stood confidently in the United Nations General Assembly, celebrating what seemed…
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Dollar benefits from safe-haven status amid Middle East turmoil By Investing.com
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Investing.com – The US dollar rose on Wednesday, with the safe haven adding to sharp gains made in the previous session, as an Iranian missile attack on Israel escalated tensions in the volatile region. At 03:45 EST (07:45 GMT), the dollar index, which tracks the US currency against a basket…
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US sets new rule that could spur AI chip shipments to the Middle East By Reuters
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Written by Karen Freifeld WASHINGTON (Reuters) – The U.S. Commerce Department on Monday unveiled a rule that could facilitate shipments of artificial intelligence chips to data centers in the Middle East. Since October 2023, US exporters have been required to obtain licenses before shipping advanced chips to parts of the…
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US East Coast port strike set to start Tuesday, says union By Reuters
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Written by David Shepardson and Steve Holland WASHINGTON (Reuters) – A strike at ports on the U.S. East Coast and Gulf of Mexico will begin on Tuesday, the International Longshoremen’s Union said on Sunday, signaling action that could cause delays and disrupt supply chains. “The United States Naval Alliance… refuses…
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Currencies tread water as Middle East risks temper rate cut optimism By Reuters
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Written by Ray Wee SINGAPORE (Reuters) – The dollar edged up on Tuesday and major currencies traded sideways as lingering concerns over tensions in the Middle East partly overshadowed investor optimism about an imminent U.S. interest rate cut. Geopolitical risks kept early currency moves subdued, although fears of an escalation…
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Asia-Pacific stocks mixed amid dovish Fed signals, and broadening Middle East conflict
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Chachamal Asia-Pacific stock markets were mixed on Monday, following a rally on Wall Street on Friday after US Federal Reserve Chairman Jerome Powell’s speech in Jackson Hole suggested the Fed could start cutting interest rates in September. Markets also monitored geopolitical developments in Tensions are rising in the Middle East…
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Airlines fly over Afghanistan as Middle East becomes the greater risk By Reuters
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By Joanna Pluchinska and Lisa Barrington LONDON/SEOUL (Reuters) – Singapore Airlines, British Airways and Lufthansa have increased their flights over Afghanistan after years of largely avoiding it now that conflict in the Middle East has made it a relatively safe option. Most airlines stopped flying over Afghanistan, which lies on…
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Kenya’s food insufficiency highest in East Africa region – Agra report
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Kenya has the highest number of people skipping meals or living without basic diets in East Africa, and is second only to South Sudan in the number of people classified as food insecure. This is according to a new report by the Alliance for a Green Revolution in Africa (AGRA),…
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Oil slingshots more than $3 higher on Middle East angst
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Risk assets and commodities in general are doing well today, and that’s part of crude oil’s $3 gain today, but that’s not the whole story. West Texas Intermediate crude rose 3.9% to $77.64 in its best day in six weeks. What drives her? Israel’s assassination of the political leader of…
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Oil falls by more than $1/bbl as Israel officials seek to avoid broader Middle East war By Reuters
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Written by Leila Kearney NEW YORK (Reuters) – Oil prices fell more than $1 a barrel on Monday after Israeli officials said they wanted to avoid dragging the Middle East into all-out war while responding to a deadly rocket attack on the Israeli-occupied Golan Heights over the weekend. U.S. crude…