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UK finance minister announces tax hikes and spending cuts, says country is in recession

UK finance minister announces tax hikes and spending cuts, says country is in recession

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Finance Minister Jeremy Hunt, in his much-awaited inaugural autumn statement, unveiled a sweeping £55bn ($66bn) fiscal plan. Anadolu Agency | Anadolu Agency | Getty Images LONDON — The British government unveiled a sweeping £55 billion ($66 billion) budget plan on Thursday as it seeks to plug a gaping hole in public finances and restore Britain’s …

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Singapore minister says country will not take sides as there is no win-win scenario in a fractured world

Singapore minister says country will not take sides as there is no win-win scenario in a fractured world

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Singapore will not take sides in geopolitical disputes and will instead take pro-rule of law stances, the country’s Education Minister Chan Chun Sing said in his keynote address at the Morgan Stanley Asia-Pacific Summit on Wednesday. Singapore. He said the world should remain interdependent despite breaking pressures, because any kind of divide would make individual …

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China Circles El Salvador’s Economy As Country Heads For Crypto Plunge

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As crypto-Twitter cascaded doomsday memes about the bankruptcy of cryptocurrency exchange FTX and the steep drop in the price of bitcoin, one account remained particularly quiet on the subject. Unlike previous crashes, El Savlador Chairman Nayib Bukele, who made bitcoin legal tender a year ago, did not urge his followers to “buy the dip”. The …

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Why India overtakes China as the most populous country is more than symbolic

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The day India overtakes China as the world’s most populous nation, the change for both countries will be psychological and symbolic. China will still be the biggest economic power, the one challenging the US for full superpower status, but it can no longer call itself the biggest nation by numbers. On current trends, the demographic …

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Why India overtakes China as the most populous country is more than symbolic

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The day India overtakes China as the world’s most populous nation, the change for both countries will be psychological and symbolic. China will still be the biggest economic power, the one challenging the US for full superpower status, but it can no longer call itself the biggest nation by numbers. On current trends, the demographic …

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A surprising threat to the US power grid could plunge the country into darkness

A surprising threat to the US power grid could plunge the country into darkness

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Comment The importance of a strong power grid cannot be overemphasized. Often when a network fails, the results are terrifying. Of all the major power grids in the world, that of the United States is one of the most vulnerable to attack. Hackers sponsored by states like Iran, Russia and, unsurprisingly, China pose a real …

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