Bangladesh garment wage board agrees to raise minimum pay after protests
The board committed to completing a wage increase by December, but did not announce an amount as workers demanded a rise to 30,000 taka a month.
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399 reports.
Reserve Bank of Australia lifts cash rate to 4.85%
The quarter-point increase takes Australia's benchmark to an 18-year high as the central bank points to persistent inflation and energy-price pressure.
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Bank of Canada raises policy rate to 2.5% as energy costs threaten broader inflation
The quarter-point increase is Canada’s first rate rise since July 2023, with the central bank seeking to stop higher fuel costs spreading through the economy.
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Western Sydney International Airport opens to passengers after four decades of planning
Sydney’s second airport begins around-the-clock operations at Badgerys Creek, with Jetstar operating the first commercial service.
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Britain approves production from North Sea's Jackdaw gas field
The government says the already-developed field can begin supplying gas this winter, while critics argue the decision conflicts with climate goals and will not lower bills.
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New Yalu River Bridge opens after 12-year delay
The four-lane crossing between Dandong and Sinuiju is expected to expand freight capacity, though sanctions and weak trade conditions may constrain immediate growth.
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Argentina announces citizenship programme for foreign investors
Applicants would be able to seek an Argentine passport through a $350,000 Treasury contribution or an $800,000 purpose-built government bond.
Read report »Reserve Bank of Australia raises cash rate to 4.6 percent
The quarter-point increase takes Australia's benchmark to a 15-year high as energy disruption and technology demand add to inflation pressure.
Read report »EU diesel average reaches record €2.23 per litre
Nineteen member states posted new highs as supply disruptions pushed the bloc’s weighted pump-price average above the previous week’s €2.16.
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Japan's central bank tightens again while import costs threaten inflation rebound
A quarter-point move set the benchmark at 1.25%, with policymakers watching the yen and expensive energy even as the latest core inflation reading eased.
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Dangote Refinery Opens $1.6 Billion Share Sale to Fund Capacity Expansion
The Nigerian refinery is offering 4.1 billion shares as it seeks capital to double output and broaden ownership across Africa.
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France sets out €1 billion farm rescue package after damaging summer heat
The government says compensation, faster subsidy payments and targeted tax relief will help farms absorb crop losses and restart production after drought and heatwaves.
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US diesel hits record $5.85 a gallon as war-linked fuel costs ripple through the economy
The American Automobile Association says average US diesel prices have reached a record $5.85 a gallon, intensifying pressure on farmers, hauliers and food supply chains already strained by the Iran war.
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Global stocks edge higher as Middle East tensions keep markets on edge
Shares advanced after recent declines even as investors watched the U.S.-Iran conflict, while the Japanese yen strengthened sharply against the dollar.
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Dutch central bank moves 86 tonnes of gold to London as geopolitical worries grow
The Dutch central bank says it shifted 86 tonnes of gold from the United States and Canada to London, arguing the move improves crisis deployability and resilience.
Read report »Japan eases overtime oversight for companies with special labor agreements
Labor inspectors will stop pressing eligible businesses to remain below 45 monthly overtime hours, while the legal ceiling and health safeguards remain in place.
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John Ternus takes over as Apple CEO as Tim Cook becomes executive chairman
Apple says John Ternus is now chief executive, while Tim Cook moves into the executive chairman role after 15 years at the top.
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IMF and Senegal reach new $2.2 billion reform deal after debt misreporting scandal
The IMF says a new 36-month loan program for Senegal will back economic reform through 2029, but the board still must approve the agreement after the earlier program was suspended over hidden debt.
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Lilly agrees to buy Merida Biosciences for up to $2.875 billion
The acquisition would add an antibody-degradation platform and an early clinical program for Graves’ disease to Lilly’s expanding immunology portfolio.
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SLB bets $4.1 billion on Kelvion as AI data centers drive demand for cooling
The energy-technology group plans to combine Kelvion’s thermal-management equipment with its modular data-center infrastructure business.
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HDFC Bank begins accelerated CEO search after Jagdishan declines another term
Sashidhar Jagdishan will leave the Indian lender at the end of his current term on October 26 after nearly three decades with the bank.
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Japan says it spent a record 15.4 trillion yen defending the currency
Tokyo’s finance ministry said it intervened heavily between late July and late August to slow the yen’s decline, in what AFP described as the largest monthly intervention on record.
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Warsh Uses Jackson Hole Speech to Keep Rate Hikes in Play as Inflation Stays Above Target
Federal Reserve Chair Kevin Warsh said inflation had not improved enough to reassure the central bank, while market reaction suggested investors took the Jackson Hole remarks as a sign that tighter policy could still be coming.
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SK Gas pays record $5.3 million for priority Panama Canal passage
The South Korean company secured a 1 September transit for the LPG carrier G. Spirit before the canal reduces daily crossings in response to El Niño-related drought.
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