India and Egypt agreed Wednesday to boost trade between their countries during a visit by the Egyptian president that underscores Prime Minister Narendra Modi's efforts to fortify ties with other emerging economies.
Modi and President Abdel Fattah El-Sissi agreed on measures to increase two-way trade within five years to $12 billion. Trade totaled $7.3 billion in 2021-22. The two countries also signed agreements on expanding cooperation in cyber security, information technology, culture and broadcasting.
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Hundreds of protesters rallied Wednesday near the Central Bank in the Iraqi capital, Baghdad, angered by the recent devaluation of the Iraqi dinar and demanding the government take action to stabilize the currency.
The protesters — mainly young people — rallied amid a heavy security presence, with many carrying the Iraqi flag and banners with slogans. One slogan read: "The politicians are the ones covering up the financial corruption for the banks."
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The arm-wrestling between Prosecutor General Ghassan Oueidat and judge Tarek Bitar, who is investigating the deadly 2020 Beirut port blast, is the latest of crisis-torn Lebanon's mounting woes, as the value of the national currency hit a new record low against the U.S. dollar on Wednesday.
Dozens protested in front of the Central Bank in Beirut, denouncing the slide of the Lebanese pound, which began in 2019.
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The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) on Tuesday designated several individuals and associated entities accused of “facilitating financial activities for Hezbollah.”
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More landlords are taking Twitter to court over unpaid rent at the social media company's headquarters in San Francisco and its British offices — the latest legal headaches for billionaire owner Elon Musk, who has been trying to slash expenses.
Twitter is facing a lawsuit over allegations it failed to pay rent for its head office, according to California court documents. The owner of its premises in central London, meanwhile, said it's taking the company to court over rental debt.
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Wall Street stumbled before the bell on Tuesday following a rally the previous day, driven by heavy buying of tech shares as investors bet the Federal Reserve will trim its rate hikes as it makes headway in tamping down inflation.
Futures for the benchmark S&P 500 and futures for the Dow Jones Industrial Average each slipped about 0.3% early Tuesday.
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Over the past few years, a number of companies have attempted to act as the cryptocurrency equivalent of a bank, promising lucrative returns to customers who deposited their bitcoin or other digital assets.
In a span of less than 12 months, nearly all of the biggest of those companies have failed spectacularly. Last week, Genesis filed Chapter 11, joining Voyager Digital, Celsius and BlockFi on the list of companies that have either filed for bankruptcy protection or gone out of business.
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Markets were slightly higher on Wall Street ahead of the bell Monday as investors prepare for another big slate of corporate earnings.
Futures for the Dow Jones industrials and futures for the S&P 500 were both up less than 0.2%.
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U.K. Prime Minister Rishi Sunak opened an investigation Monday into allegations that the chairman of the governing Conservative Party settled a multimillion-dollar unpaid tax bill while he was in charge of the country's Treasury.
It's one of multiple stories about secret loans and unpaid taxes causing discomfort for Sunak, who has faced scrutiny of his own personal wealth and family tax arrangements.
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The French government is presenting a bill on Monday that foresees broad changes to the pension system that will notably push back the legal retirement age from 62 to 64.
Unions aren't happy, and more than 1 million people took to the streets last week to reject the measure. More strikes and protest action are planned Jan. 31, and probably beyond.
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