U.K. inflation is operating at the speediest pace since the early 1980s.
Bloomberg | Bloomberg | Getty Photos
The British pound plummeted on Wednesday to its lowest stage from the U.S. dollar considering that 1985.
Sterling fell to $1.14 in afternoon trade — a level not seen in 37 years — as traders responded to the U.K.’s darkening economic landscape with a new key minister at the helm.
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When Meta agreed to acquire Manus, a Singapore-based artificial intelligence startup with Chinese roots for roughly $2 billion last December, many saw the transaction as just another routine deal in today’s global technology economy: capital crossing borders, startups relocating to friendlier jurisdictions, and major platform companies acquiring talent and intellectual property in the race to […]
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Shares of Swedish audio-streamer Spotify fell 9% in premarket trading after soft guidance overshadowed an earnings beat. The New York-listed stock fell as much as 12% following earnings before the bell before paring some of the losses. First-quarter revenue rose 8% from last year to 4.5 billion euros ($5.3 billion), while monthly active users (MAUs) […]
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Jonathan Raa | Nurphoto | Getty Images The United Arab Emirates announced Tuesday that it will exit OPEC on May 1. “This decision follows a comprehensive review of the UAE’s production policy and its current and future capacity and is based on our national interest and our commitment to contributing effectively to meeting the market’s […]
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