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Monthly Archives: May 2023

Turkish lira continues slide following Erdogan’s election victory

People walking next to a Turkish national flag at the historical grand bazaar in Istanbul. Ozan Kose | AFP | Getty Images The Turkish lira slumped to yet another all-time low Tuesday, extending its slide after the re-election of incumbent President Recep Tayyip Erdogan. The currency was last trading at 20.15 against …

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Wall Street sees further upside for Japan stocks as they notch three-decade high

The World’s busiest pedestrian crossing © Marco Bottigelli | Moment | Getty Images With Japanese stocks suddenly back en vogue with global investors, analysts at top Wall Street investment banks are predicting more upside for the country’s benchmark indexes. Japan’s Topix (Tokyo Price Index) has marked new peaks in the …

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Remote and hybrid companies that help pay for employees’ vacations—and are hiring now

In 2022, the average U.S. worker logged 11 hours of vacation.  That’s according to a new report from Expedia, which warns that Americans are suffering from “vacation deprivation.” Earlier this year, the trip-planning platform surveyed 14,527 people in more than 10 countries, including France, Mexico and Canada. Respondents in the …

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Record youth unemployment stokes economic worries in China

China’s young face the prospect of dimmer economic gains amid record youth unemployment in the world’s second-largest economy. Vcg | Visual China Group | Getty Images As youth unemployment in China rises to a record high, college graduates are caught in a perfect storm — with some forced to take …

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Chinese apps remain popular in the US despite efforts to ban TikTok

TikTok Chief Executive Shou Zi Chew is pictured on the day he will testify before a House Energy and Commerce Committee hearing entitled “TikTok: How Congress can Safeguard American Data Privacy and Protect Children from Online Harms,” as lawmakers scrutinize the Chinese-owned video-sharing app, on Capitol Hill in Washington, U.S., …

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How to protect your money in a downturn

These days, many people are worried about paying for college. Less than half of Americans are confident that they’re currently saving enough for future education expenses, according to a recent report by Edward Jones. Checking your 529 college savings balance may not provide much comfort, either. Last year, these popular …

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Putin congratulates ‘dear friend’ Erdogan as NATO’s Turkey challenge looks set to stay

Turkey on Sunday voted for another five years of the leadership of Recep Tayyip Erdogan, the powerful, nationalist president who now enters his third decade in power. Russian President Vladimir Putin was among the leaders that congratulated Erdogan on his win on Monday, calling him a “dear friend,” according to …

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UK government says it is meeting with food bosses over high prices — but denies it will impose caps

Shoppers visit a supermarket in Manchester, Britain, March 22, 2023. The government is reportedly in discussions with supermarkets over voluntary price caps on some items. Xinhua News Agency | Xinhua News Agency | Getty Images LONDON — The U.K. government said it is engaging with the food sector amid attempts …

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Traders optimistic on debt ceiling deal; strategist says it’s an opportunity

WASHINGTON, DC – MAY 26: U.S. Speaker of the House Rep. Kevin McCarthy (R-CA) speaks to members of the media after arriving at the U.S. Capitol on May 26, 2023 in Washington, DC. Speaker McCarthy discussed the latest development of the debt ceiling negotiations with the White House. (Photo by …

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Wharton’s Jeremy Siegel predicts Big Tech boom fueled by A.I.

Wharton professor and renowned economist Jeremy Siegel is bullish on a Big Tech boom fueled by artificial intelligence despite concerns of a bubble. An AI chip craze, driven by demand for AI-powered chatbots and high-powered graphics processing units — used to train such chatbots on supercomputers — has seen investors piling into …

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