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In the last decade, the geopolitical club known as the Group of Twenty (G20) has seemed like an idea that is worthy — but dull. During the 2008 financial crisis, the doughty group (which represents 80 per cent of the global economy) briefly found fame and relevance by forging a collective response to quell the
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With Covid-19 restrictions now lifting and clear signs that business travel is recovering after an enforced two-year hiatus, companies large and small in the UK are starting to examine what that means — post-Brexit — for UK travel to the EU. According to the British Chambers of Commerce, the Trade and Cooperation Agreement contains more
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The number of Britons living with long Covid stands at its highest level since official statistics on the phenomenon were first collected a year ago. Figures from the Office for National Statistics published on Thursday showed an estimated 1.7mn people, or 2.7 per cent of the UK population, reported experiencing symptoms lasting for more than
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The economic crisis in Sri Lanka is deepening. The rupee has plunged to record lows against the dollar on the back of blackouts, food shortages and sky-high prices. The country may have as little as $500mn left in foreign reserves though a $1bn bond repayment is due in a few months. With the IMF ready
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Tax experts have criticised the “disingenuous” explanation given by the wife of chancellor Rishi Sunak for claiming non-domiciled status. Akshata Murty, who married Sunak in 2009, owns a stake in Indian technology company Infosys, founded by her father, that is thought to be worth more than £500mn. Her spokesperson confirmed on Thursday that she holds
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A leading infrastructure investor is eyeing the liquefied natural gas sector after raising a new $15bn fund, capitalising on Europe’s search for energy supply alternatives to Russia. I Squared Capital is among a handful of private capital firms dedicated to infrastructure investment. In the past decade the Miami-based group has grown to $34bn in assets,
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Shell will take a writedown of up to $5bn after its decision to quit Russia as the UK-listed energy group warned extreme price volatility in commodity markets would hit cash flow. In a trading update ahead of next month’s first-quarter results, Shell said ending its three joint ventures with Kremlin-backed gas producer Gazprom would result
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Elsewhere on Thursday . . .  Putin’s invasion reminds us that we live in a finite world. Worldcoin promised free crypto If they canned their eyeballs with “The Orb.” Now they feel robbed. Behind Arsenal’s retro merch boom. If stocks don’t fall, the Fed needs to force them. On regulation, racing, and safety innovation. Naked mole rats have
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Good morning and welcome to Europe Express. The eurozone’s own bailout fund, the European Stability Mechanism, will soon be looking for a new managing director to succeed Klaus Regling when his term ends this autumn. We’ll look at who might take over and why the ESM has been struggling to play a role of late.
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