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UK Foreign Secretary James Cleverly says shift to Indo-Pacific is permanent

U.K. Foreign Secretary James Cleverly said that 1.7 million British citizens live in the Indo-Pacific region. Pacific Press | Lightrocket | Getty Images SINGAPORE — The United Kingdom will commit itself more fully to the Indo-Pacific region, beyond its ongoing efforts to join a massive trade deal in the region, …

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Porsche shares rise in Frankfurt market debut

The Porsche IPO is set to be one of the largest in European history. Thomas Kienzle | AFP | Getty Images Porsche shares edged higher in their stock market debut Thursday, in what’s being billed as one of the biggest public offerings in Europe ever. Shares of the iconic sports …

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Hong Kong’s largest IPOs for 2022 Onewo and Leapmotor trading debut

A gong inside the Hong Kong Stock Exchange. China Vanke’s subsidiary Onewo and EV maker Zhejiang Leapmotor Technology began trading on the Hong Kong market on Thursday. Paul Yeung | Bloomberg | Getty Images Two of Hong Kong’s largest initial public offerings of the year dropped on their first day …

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India’s military ties with Russia will endure for decades: Analyst

Russian President Vladimir Putin with Indian Prime Minister Narendra Modi on the sidelines of the Shanghai Cooperation Organization leaders’ summit in Samarkand on Sept. 16, 2022. “Today’s era is not an era of war, and I have spoken to you on the phone about this,” Modi said to Putin in …

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Biden approves $1.1 billion in security assistance for Ukraine

Ukrainian troops fire with surface-to-surface rockets MLRS towards Russian positions at a front line in the eastern Ukrainian region of Donbas on June 7, 2022. Aris Messinis | Afp | Getty Images WASHINGTON – The Biden administration announced $1.1 billion in additional security assistance for Ukraine on Wednesday, bringing U.S. commitment to more …

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UK already in a full-year recession as Europe faces tough winter, S&P says

Foreign currency exchange rates are displayed in Fleet Street for the benefit of travellers to the UK, on 27th September 2022, in London, England. Richard Baker | In Pictures | Getty Images LONDON — The U.K. is already in the throes of a full-year recession, according to S&P Global Ratings, …

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Fake referendums in Ukraine pave the way for annexation and escalation

Election commission members count votes of refugees from Russian-held regions of Ukraine for a referendum at a polling station in Simferopol, Crimea, on Sept. 27, 2022. Stringer | Afp | Getty Images The results from a series of so-called referendums that have taken place in occupied parts of Ukraine —which …

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WTO works with FIFA, says not ‘shying away’ from controversy

The benefits of working with FIFA to create more jobs in Africa offsets the ongoing controversies surrounding Qatar’s hosting of the World Cup this year, the head of the World Trade Organization told CNBC. The WTO and FIFA signed a Memorandum of Understanding on Tuesday aimed at building up the …

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Economy flights from Moscow to Dubai hitting $5,000 as Russians flee

The airline industry has been hamstrung by a perfect storm of challenges over recent weeks, from labor shortages and supply disruptions to rising fuel prices. Sopa Images | Lightrocket | Getty Images DUBAI, United Arab Emirates — One-way economy flights from Moscow to Dubai are going for as much as …

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Bank of England delays bond sales, launches temporary purchase program

Andrew Bailey, governor of the Bank of England, has said the global economic outlook has deteriorated materially after surging commodity prices pushed up inflation around the world. Bloomberg | Bloomberg | Getty Images LONDON — The Bank of England will suspend the planned start of its gilt selling next week …

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