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The battle over abortion rights in the US shifted rapidly to Congress and the midterm elections after the Supreme Court overturned Roe vs Wade and gutted the decades-old constitutional protection for women seeking to end a pregnancy. As conservative states began to implement new abortion restrictions across the country in the wake of Friday’s ruling,
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The UK’s inflation rate hit another 40-year high in May, reaching 9.1 per cent, its highest level since 1982. Fuelled by higher food prices last month, the rise was in line with economists’ expectations that suggest inflation will march higher in the coming months to reach double digits by the autumn. The Bank of England
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Large parts of Britain have ground to a halt after the biggest strike to hit the country’s railways in 30 years began in the early hours of Tuesday with disruption to passengers expected to last all week. Members of the RMT union officially launched the industrial action by not turning up for night shifts that
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Bitcoin’s price has broken below the key threshold of $20,000 for the first time since November 2020, risking triggering a fresh wave of selling and deepening the crisis gripping the digital asset sector. The largest cryptocurrency, which acts as a benchmark for the broader crypto market, plunged to under $19,000 on Saturday morning, a fall
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Shares in Asia followed Wall Street lower after the UK and Switzerland raised interest rates, adding to concerns that tighter monetary policies from central banks could undercut a global economic recovery. Japan’s benchmark Topix index and Australia’s S&P/ASX 200 both shed 2 per cent, while South Korea’s Kospi fell 1.7 per cent. China’s CSI 300
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Asia-Pacific equities slid in the wake of a sell-off that plunged stocks on Wall Street into a bear market, as the prospect of aggressive tightening by central banks rattled global investors. Japan’s Nikkei 225 and China’s CSI 300 index each dropped 2 per cent on Tuesday while Australia’s benchmark S&P/ASX 200 index shed 4.6 per
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Rishi Sunak has been accused of squandering £11bn of taxpayers money by paying too much interest servicing the government’s debt. Calculations by the National Institute of Economic and Social Research, the oldest non-partisan economic research institute in the UK, show the losses stem from the chancellor’s failure to take out insurance against interest rate rises
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