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Increasing signs that the global economy is fragmenting

European Central Bank President Christine Lagarde looks on as she attends the European Parliament’s Committee on Economic and Monetary Affairs, at the European Parliament, in Brussels, Belgium September 25, 2023.  Yves Herman | Reuters European Central Bank President Christine Lagarde on Friday said that Europe is now at a critical …

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Sonic the Hedgehog owner Sega may bring Yakuza, Persona to big screen

Still from Paramount’s “Sonic the Hedgehog 2.” Paramount After Sega’s blockbuster adaptation of its classic Sonic the Hedgehog gaming franchise on the big screen, the company suggested it wants to replicate that success with other hit video games in its arsenal. Speaking with CNBC at the Web Summit tech conference …

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Weight-loss drug Wegovy could get new FDA approval in six months

Still life of Wegovy an injectable prescription weight loss medicine that has helped people with obesity. It should be used with a weight loss plan and physical activity.  Michael Siluk | UCG | Getty Images Novo Nordisk said Thursday that its blockbuster weight-loss drug Wegovy could receive expanded approval from …

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Global bond rout looks ‘tremendously dangerous’ for stocks, hedge fund manager warns

An intensifying bond rout is piling pressure on the global economy and creating a “tremendously dangerous” outlook for equities, the chief investment officer of Livermore Partners hedge fund said Friday. A new era of higher interest rates has caused bond yields to surge, hampering returns for investors and flipping on …

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European Central Bank holds interest rates steady after 10 consecutive hikes

The European Central Bank headquarters. Daniel Roland | Afp | Getty Images The European Central Bank ended its run of interest rate hikes on Thursday, despite new upside risks to inflation from oil markets amid the Israel-Hamas war. The key rate is set to remain at a record high of …

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Standard Chartered shares slide 12% as China losses hit earnings

Standard Chartered shares slid Thursday as the bank’s big bet on China hit a stumbling block, leading to significant losses in the country. Shares of the Asia-focused bank tanked as much as 17% in early deals, sparking a temporary halt in trade, Reuters reported. The stock was 11.7% lower by …

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US, China lead on most valuable firms

Chinese and US flags fly outside a hotel during a 2012 U.S. presidential election results event organized by the US embassy in Beijing on November 7, 2012. Ed Jones | AFP | Getty Images From the U.S. to China, countries around the world are battling it out to lead on …

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Telegram removes Hamas channels on Android

The logo of the instant messaging service Telegram on a smartphone on January 20, 2022. Thomas Trutschel | Photothek | Getty Images Telegram, the messaging app, restricted access to channels belonging to Palestinian militant group Hamas, acting to limit the group’s influence online after pressure from critics amid the ongoing …

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Israel-Hamas war is a new cloud on world’s economic horizon

Kristalina Georgieva, managing director of the International Monetary Fund, at a press conference at the IMF Headquarters on April 14, 2023. Kevin Dietsch | Getty Images News | Getty Images The head of the International Monetary Fund on Wednesday dubbed the worsening Israel-Hamas conflict as another cloud on the horizon …

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Kremlin laughs off rumors that President Putin uses body doubles

Russian President Vladimir Putin attends a joint press statement with his Kyrgyz counterpart after talks in Bishkek on Oct. 12, 2023. Vyacheslav Oseledko | Afp | Getty Images There has been long-standing speculation that Russian President Vladimir Putin uses body doubles to stand in for him at public engagements for …

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