Bank
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World
Why It’s So Hard for China to Fix Its Real Estate Crisis
Beijing has often addressed economic troubles by boosting spending on infrastructure and real estate, but now heavy debt loads make that a hard playbook to follow.
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Business
U.K. Inflation Eases to 6.8% as Energy Prices Fall
The News Inflation in Britain rose last month at its slowest pace in more than a year, driven largely by a continued easing of rising food and energy costs. The price of services remained uncomfortably high, and wages have been climbing rapidly to ...
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Business
Lebanon Freezes Accounts of Former Central Bank Governor
The action comes days after a U.S.-led coalition accused Riad Salameh of decades of corruption to enrich himself at the expense of his country.
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World
China Stocks Slump as Economic Gloom Spreads
A string of worrying data has taken the fizz out of markets.
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Business
Why Britain’s Mortgage Holders Are Being Squeezed
The Bank of England’s campaign to curb inflation is pushing up monthly payments for millions of homeowners.
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Business
The Risks of Storing Money in Apps Like Venmo and Cash App
The Consumer Financial Protection Bureau is warning that the funds may be at risk if the app’s parent company runs into trouble.
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Business
JPMorgan to Pay $290 Million in Settlement With Epstein’s Victims
The proposed deal would settle a suit on behalf of victims who were sexually abused by Jeffrey Epstein, over claims the bank ignored warnings about him.
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World
Turkey’s Lira Falls to New Low as a New Economic Policy Forms
The News The value of the Turkish lira as measured in dollars plunged Wednesday by more than 7 percent to a record low, signaling a potential shift in the government’s economic policy. Under President Recep Tayyip Erdogan, Turkey’s government has ...
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Business
San Francisco Fed Ties to S.V.B. Chief Attracts Scrutiny to Century-Old Setup
As Greg Becker, the former C.E.O. of Silicon Valley Bank, prepares to testify before Congress, boards that oversee regional Federal Reserve branches are in the spotlight.
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Business
Regulators Raise the Alarm on a Potential Market Risk
Turmoil in the banking sector could have a knock-on effect on clearinghouses, the intermediaries between buyers and sellers in financial markets.