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Analysis: Vietnam shifts gears on arms trade as it loosens ties with Russia

Analysis: Vietnam shifts gears on arms trade as it loosens ties with Russia

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Vietnam to hold first large-scale arms fair this week The country’s nascent military industry plans to export for the first time He seeks faster diversification of Russian military supplies HANOI, Dec 7 (Reuters) – Vietnam is considering a major defense shift as it seeks to reduce its dependence on Russian weapons and launch a drive …

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Analysis: Russia's G7 oil price ceiling moves from revenue squeeze to market anchor

Analysis: Russia’s G7 oil price ceiling moves from revenue squeeze to market anchor

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WASHINGTON, Dec 6 (Reuters) – When U.S. officials first floated the idea of ​​capping Russian oil export prices in response to a planned European embargo in March, they pledged to cut revenue of the Russian war machine, while avoiding a devastating spike in oil prices. But keeping Russian oil on the market and global prices …

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Brexit Britain stuck in the middle as US and EU go to war over trade

Brexit Britain stuck in the middle as US and EU go to war over trade

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Press play to listen to this article Expressed by artificial intelligence. LONDON — Three years after leaving the EU to chart its own course, Britain finds itself caught between two economic behemoths in a brewing transatlantic trade war. In one corner is the United States, whose Congress passed the Biden administration’s vaunted $369 billion green …

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The chip war between the United States and China spills over into Europe | CNN Business

The chip war between the United States and China spills over into Europe | CNN Business

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hong kong CNN Business — Two European chip deals have run into trouble over their ties to China, a sign of concern spreading in the West about China’s potential control over critical infrastructure. Last week the new owner of Britain’s biggest chipmaker was ordered to reverse its takeover, just days after another chip factory sale …

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The London rental market has become a "nightmare". Here's why | CNN Business

The London rental market has become a “nightmare”. Here’s why | CNN Business

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London CNN Business — For Rebeca Blázquez, the last few weeks have been a “nightmare”. Based in Madrid but hoping to find work in London before starting her masters, the 22-year-old university graduate spent a month searching online for a room to rent. in London on a budget of £900 ($1,070). She sent dozens of …

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Inflation is forcing restaurants and mom and pop chains like McDonald's to build on their strengths

Inflation is forcing restaurants and mom and pop chains like McDonald’s to build on their strengths

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Customers at a McDonald’s restaurant Scott Mill | CNBC As the restaurant industry battles inflation, the chains’ large size and access to cash give them the upper hand, but independents have their own advantages when dealing with higher costs. Feeling the pressure on their budgets, consumers have reduced their frequentation of restaurants in recent months. …

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Jeremy Hunt raises taxes and cuts spending to restore market confidence in UK

Jeremy Hunt raises taxes and cuts spending to restore market confidence in UK

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UK economy in recession expected to contract in 2024 Nearly half of £55bn of belt-tightening due to tax hikes Budget watchdog sees 7% drop in living standards IFS think tank says most of the hit to come after 2024 The pound falls almost 1% against the dollar LONDON, Nov 17 (Reuters) – Britain’s Finance Minister …

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Britain brings back austerity. Here's why | CNN Business

Britain brings back austerity. Here’s why | CNN Business

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London CNN Business — The last time a UK finance minister revealed tax and spending plans, the markets went haywire and the country’s prime minister eventually lost her job. The new government is not looking for repeat performance. On Thursday, Chancellor Jeremy Hunt is due to unveil a budget that will aim to restore confidence …

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Exclusive: Germany steps up emergency cash plans to deal with blackout

Exclusive: Germany steps up emergency cash plans to deal with blackout

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FRANKFURT, Nov 15 (Reuters) – German authorities are stepping up preparations for emergency cash deliveries in the event of a power outage to keep the economy going, four people involved said, as the country prepares for possible power cuts resulting from the war in Ukraine. Plans include the Bundesbank, Germany’s central bank, hoarding additional billions …

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