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World Economic Forum session emphasizes financial literacy
To achieve the Sustainable Development Goals, financial inclusion remains a prerequisite. It is the first step towards full personal and business wellbeing. Yet, more than half of the…
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For refusal to pay in rubles, Russia cuts off gas supply to Finland
Russian gas has been cut off to Finland, the third European country that refuses to accept ruble payments. Finland stopped receiving gas from Russia at 7 a.m. local time on Saturday,…
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Sri Lanka warns of food crisis as protests continue against Rajapaksa
As the island nation battles a crippling economic depression, Sri Lanka's newly appointed prime minister issued a warning of a food shortage, pledging to buy enough fertilizer to…
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Musk loses $12 billion in a day after slamming S&P ESG rankings
Tesla's share price collapsed erasing a large chunk of the wealth of the world's richest man Elon Musk. Musk's net worth has dropped to $218 billion as Tesla's shares are down 6.8%,…
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United States sanctions a Lebanese businessman over Hezbollah links
The United States Treasury Department has imposed severe sanctions against Hezbollah, specifically targeting the group's financial facilitator, Lebanese businessman Ahmad Jalal Reda…
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Pakistan economy in crisis as rupee hits record low, luxury goods banned
Pakistan has banned imports of all non-essential luxury goods in order to stabilize its fragile economy, the minister of information said, calling the situation an economic emergency.…
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Wall Street records sharpest plunge since 2020, Dow drops 1100 points
On Wednesday, the Dow Jones Industrial Average recorded its biggest plunge since 2020 after another prominent retail company warned of escalating prices, reinforcing investors'…
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Lebanese central bank condemned for human rights violations by UN
A United Nations report accuses Lebanon's central bank and the banking sector of human rights violations as a result of their alleged role in one of the world's worst economic and…
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Elon Musk puts $44 billion Twitter deal on hold due to fake accounts
Before finalizing his agreement to buy Twitter, Elon Musk wants to know more details about the number of fake accounts on the social media platform. He said that he wants more details…
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Bitcoin plummets below $27K reversing 2021 gains as crypto risk escalates
Bitcoin fell below $27,000 for the first time in over 16 months on Thursday. This was amid concerns about rising inflation and the collapse of a controversial stablecoin project.…
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