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BUSINESS

Yellen tells Congress US expected to hit debt limit next week

Treasury Secretary Janet Yellen has notified Congress that the US is projected to reach its debt limit on Thursday and will then resort to...

Bank of Japan loosens bond yield cap in surprise move

The Bank of Japan has broadened caps for government bond yields, a surprise move that pushed bond yields higher globally and hit stocks in...

Amazon to make big business changes in EU settlement

Amazon has agreed to make major changes to its business practices to settle antitrust investigations that found the ecommerce giant gave itself an unfair...

Wells Fargo to pay $3.7bn over consumer loan violations

Consumer banking giant Wells Fargo has been ordered to pay $3.7 billion in fines and refunds to customers by US government regulators, the largest...

FTX founder expected to drop fight against extradition to US

Sam Bankman-Fried arrived at a courthouse in the Bahamas on Monday and is expected to tell a judge he will not fight extradition to...

Twitter relaunching subscriber service after debacle

Twitter is once again attempting to launch its premium service, a month after a previous attempt failed. The social media company said on Saturday it...

Markets close weaker as investors price in more rate hikes

Inflation is close to it's peak, as CPI data suggests going from 10.4% to 10% over November, but rate hikes are still on the...

US bans sales and imports of Chinese tech from Huawei, ZTE

The US is banning the sale of communications equipment made by Chinese companies Huawei and ZTE and restricting the use of some China-made video...

Organised crime ‘likely behind Celtic gold heist’

Organised crime groups were likely behind the theft of a huge hoard of ancient gold coins from a museum in southern Germany this week,...

Iran enriching uranium to 60% purity at Fordo site

Iran has begun producing enriched uranium at 60% purity at the country’s underground Fordo nuclear plant, official media reported on Tuesday, describing it as...

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