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India’s central bank slashes rates after five years

India’s central bank has cut interest rates for the first time in nearly five years to counter slowing growth in Asia’s third largest economy. The Reserve Bank of India (RBI) reduced its repo rate from 6.5% to 6.25%, in line with the expectations of many economists. The repo rate is the level at which the […]

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What’s the plan for expanding the airport?

Heathrow Airport An artist’s impression showing three runways at Heathrow Airport The government has backed the expansion of Heathrow Airport after years of heated debate, saying it could create 100,000 jobs. The move, alongside potential confirmation of the expansion of other London airports including Gatwick and Luton, is likely to be met by fierce opposition. […]

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Bank of England boss urges US support for IMF and World Bank

The Governor of the Bank of England has urged continued US support for two major global economic institutions. Andrew Bailey told the BBC he was “following extremely closely” whether the Trump administration will change its support for the International Monetary Fund (IMF) and the World Bank. Sources in Washington said the two institutions were caught […]

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Trump Met PGA Tour Commissioner About Saudi Golf League Deal

President Trump met this week with the PGA Tour commissioner, the tour said on Thursday, as the Justice Department considers whether to approve a venture between the United States’ premier golf circuit and one backed by Saudi Arabia’s sovereign wealth fund. The meeting at the White House on Tuesday was an unusual foray for an […]

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C. Richard Kramlich, Early Investor in Silicon Valley, Dies at 89

C. Richard Kramlich, an early investor in Silicon Valley who co-founded the investment giant New Enterprise Associates, helping to fuel the booming tech industry, died on Saturday at his home in San Francisco. He was 89. His death was announced by New Enterprise Associates. Mr. Kramlich (pronounced CRAM-lick), whose career spanned more than five decades, […]

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Thames Water seeks court approval for emergency cash

Thames Water will seek approval for an emergency cash lifeline in court on Monday as it faces running out of money in four weeks’ time. Lenders to the debt-saddled company are offering up to £3bn in additional short-term loans to buy time to complete a major restructuring of the UK’s biggest water and waste company. […]

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