Clear-eyed reporting on markets, work, technology, and the forces changing the global economy.
Russia has placed the local businesses of Nestlé, Auchan and other Western-linked companies under temporary administration. Nestlé says it is weighing its options, while Auchan and Lemana Pro say their Russian operations continue as normal.
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Luís Montenegro says the current situation could drag on for some time. But, unlike other European countries, he will not lower the consumption tax.
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Dubai Chambers is training over 14,000 private-sector companies in 'agentic' AI, aiming for systems that act autonomously in order to boost productivity and keep the emirate a technology leader.
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Asian shares mostly rose in early Friday trading, getting a lift from a rally on Wall Street as well as declining oil prices.
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Japan’s central bank on Friday raised the benchmark interest rate to 1.25% from 1.0%, a 31-year-high.
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Bitcoin fell almost 4% over 24 hours to below $76,000 after the US Senate blocked the CLARITY Act late on Tuesday, derailing more than a year of bipartisan negotiations and leaving the crypto industry without the federal rulebook it has pursued for years.
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