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‘Excess profits’ of big firms have driven up inflation, report claims

LONDON — Major companies in the energy and food sectors amplified inflation in 2022 by passing on greater cost increases than needed to protect margins, according to a new report. British think tanks the Institute For Public Policy Research and Common Wealth said in a report Thursday that big firms …

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17LIVE goes public via Singapore’s first SPAC merger

A live-streamer at a 17LIVE event. 17LIVE In a first for Singapore, shares of 17LIVE began trading Friday following the Asian livestreaming company’s merger with a special-purpose acquisition company. Shares of 17LIVE fell 2.06% to 3.80 Singapore dollars ($2.84) after opening at SG$4. This was Singapore’s first listing via a …

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Australia oil and gas producers Woodside and Santos in merger talks

Bloomberg/Contributor | Bloomberg | Getty Images Shares of Australia’s Santos jumped to a five-week high on Friday, on news it’s in talks to merge with Woodside Energy. Santos and Woodside Energy, two of Australia’s largest oil and gas producers, have opened talks to discuss a potential merger in what could …

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