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Google to axe 12,000 jobs worldwide
Big Tech company is latest to announce significant staff cuts in response to economic downturn
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Energy group SSE upgrades full-year forecast after prices surge
Earnings per share expected to be 25% higher than previously expected
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European stocks notch gains after choppy week for markets
The ‘higher for longer’ narrative around interest rates and slowing US economic growth dents investor
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Davos delegates praise Biden’s ‘huge’ green package, as Europe voices complaints
Company chief executives and investors say Inflation Reduction Act will be an ‘engine’ for US
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British retail sales drop unexpectedly in December
Sales volumes fall 1% over crucial Christmas shopping period
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Crypto broker Genesis files for Chapter 11 bankruptcy
Company is latest casualty of fallout from implosion of Sam Bankman-Fried’s FTX
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Japan’s core inflation hits 41-year high with central bank under policy pressure
4% price growth reading comes days after Bank of Japan stood by yield curve controls
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Great power conflict puts the dollar’s exorbitant privilege under threat
The monetary order is already being challenged by de-dollarisation efforts and central bank digital currencies
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