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Jordanian police officer killed in clashes over fuel prices

Jordanian police say a senior commander has been killed in clashes with protesters that broke out over high fuel prices.

Abdul Razzaq Abdel Hafez Al Dalabeh, deputy police director in the city of Maan, was shot Thursday "by a group of outlaws," police said.

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Elon Musk sells $3.58B worth of Tesla stock, purpose unknown

Elon Musk sold another $3.58 billion worth of Tesla stock this week, but it wasn't clear where the proceeds were being spent.

The Tesla CEO, and new owner of Twitter, sold the shares from Monday through Wednesday, according to a filing posted Wednesday night by the U.S. Securities and Exchange Commission.

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Japan trade deficit soars on weak yen, high oil prices

Japan's trade deficit surged to over 2 trillion yen ($15 billion) in November as higher costs for oil and a weak yen combined to push imports sharply higher.

It was the 16th straight month of red ink and a record high for the month of November. The country will likely post a record deficit for the year.

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Wall Street may get much worse in 2023 before getting better

The worst may be yet to come for the stock market.

Wall Street's mini-rebound since mid-October has recovered some of the index's sharp losses from the first 10 months of the year. It closed Monday a shade below 4,000, up more than 10% since its bottom two months earlier.

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European Central Bank joins Fed in easing pace of rate hikes

The European Central Bank slowed its record pace of interest rate hikes only slightly Thursday, joining the U.S. Federal Reserve and other central banks around the world in reinforcing an inflation crackdown while glimpsing headway against the high prices that are plaguing consumers.

The Bank of England and Swiss National Bank also dialed back to half-point increases from three-quarters Thursday, as did the Fed a day earlier in a blitz of central bank action this week.

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Bethlehem welcomes Christmas tourists after pandemic lull

Business is bouncing back in Bethlehem after two years in the doldrums during the coronavirus pandemic, lifting spirits in the traditional birthplace of Jesus ahead of the Christmas holiday.

Streets are bustling with tour groups. Hotels are fully booked, and months of deadly Israeli-Palestinian fighting appears to be having little effect on the vital tourism industry.

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Europe hosts southeast Asian leaders as own crises mount

European Union and southeast Asian countries commemorated 45 years of diplomatic ties Wednesday at a summit overshadowed by political distractions in Europe, ranging from the war in Ukraine to a bribery scandal.

EU leaders hosted counterparts from the Association of Southeast Asian Nations, or ASEAN, in a nod to Asia's economic rise. But the meeting comes at a time of increasing difficulties in the 27-nation European bloc.

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New FTX CEO says lax oversight, bad decisions caused failure

Sam Bankman-Fried, founder and former CEO of the failed cryptocurrency exchange FTX, helped 1,500 Bahamian investors remove $100 million from their accounts while other customers around the world were locked out of the exchange, according to the company's new CEO, who testified before a House committee Tuesday

FTX CEO John Ray III, who has guided dozens of companies, including Enron, through bankruptcy restructuring, called FTX's collapse one of the worst business failures he has seen — a "paperless bankruptcy," fueled by an "unprecedented lack of documentation."

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World shares mixed ahead of Fed rate hike decision

World shares are mixed ahead of a decision by the Federal Reserve on its final interest rate hike for the year.

London, Paris and Frankfurt declined while shares in Asia were higher. U.S. futures edged lower and oil prices also fell.

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UK inflation eases, remains close to 40-year high

U.K. inflation remained close to a 40-year high in November, piling pressure on employers to boost wages as the nation faces a wave of strikes and economists expect the Bank of England to approve a ninth consecutive interest rate increase on Thursday.

While annual consumer price inflation dipped to 10.7% in November from 11.1% the previous month, inflation remains at levels last seen in the 1970s and early 1980s, the Office for National Statistics said Wednesday.

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