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The writer is a former president of Colombia, a Nobel Peace Laureate and a member of The Elders, an NGO World Bank/IMF governors meeting in Washington this week have a historic opportunity to address the triple crises of climate, debt and poverty. They should restore trust in multilateralism by setting a high level of ambition
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Civil unrest has caused more than $10bn of insurance and reinsurance losses across the globe since 2015 compared with less than $1bn from terrorist attacks, spooking underwriters and fuelling a surge in the cost of cover. The figures are included in a report from insurance broker Howden that explores how “rising discontent”, driven by the
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ByteDance raked in a record underlying profit last year, overtaking China’s long-reigning tech giants Tencent and Alibaba for the first time even as losses mounted for its fast-growing TikTok business unit. The world’s most valuable private company posted a 79 per cent surge in earnings before interest, tax, depreciation and amortisation, its preferred metric for
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Will US inflation continue to slow? US inflation has slowed consistently over the past year, although declines have moderated in recent months as price pressures in sectors like shelter — which includes rents — have remained high. On Wednesday, the Bureau of Labor Statistics will release its latest consumer price index report, which is forecast
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US fund managers are increasing investments in international stock markets after rising interest rates and fears of an economic slowdown brought an end to more than a decade of domestic dominance. US stocks have vastly outperformed most other developed and emerging markets since the financial crisis, but the trend began to reverse last year. The
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The auditors to the pro-independence Scottish National Party have resigned amid a police investigation into its finances, deepening questions about SNP governance as Scotland’s dominant political force reels from a highly divisive leadership contest. A person familiar with the situation said auditors Johnston Carmichael resigned before police on Wednesday arrested former SNP chief executive Peter
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