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IMF debt warning a worst case scenario: India

24-12-2023 Bureau Report + Agencies NEW DELHI: The Indian government has said that the International Monetary Fund’s (IMF) projection of the country’s debt exceeding 100 percent (%) of the GDP by 2027-28 is “misconstrued”. The Finance Ministry said the IMF projection was “a worst-case scenario and is not fait accompli”. …

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London stocks finish higher ahead of Christmas break

24-12-2023 LONDON: British equities logged solid weekly gains heading into the Christmas holidays on Friday amid rising hopes that major central banks, including the Bank of England, could consider interest rate cuts next year. The blue-chip FTSE 100 (.FTSE) edged 0.04% higher, extending gains to a fourth week, while FTSE …

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Iran threatens Mediterranean Sea closure over Gaza war

24-12-2023 TEHRAN:  An Iranian Revolutionary Guards commander said the Mediterranean Sea could be closed if the United States and its allies continued to commit “crimes” in Gaza, Iranian media reported on Saturday, without explaining how that would happen. Iran backs Hamas against Israel and it accuses the United States of …

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US reopens key rail crossings between Texas & Mexico

24-12-2023 WASHINGTON/ HOUSTON/ MEXICO CITY: The United States on Friday reopened two rail crossings between Texas and Mexico vital for exports, five days after their closure in response to increased migrant traffic, and new US data showed migrant numbers at the southern US border remained high last month. US Customs …

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Corruption allegations rock Japanese politics

23-12-2023 TOKYO: Japan is going through a “once in a generation” political crisis, analysts say, as the government fights to clean up its image in the face of a corruption scandal. Four cabinet ministers from the long-term ruling party have resigned in the past fortnight, as Prime Minister Fumio Kishida …

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