China to start selling long-dated bonds

BEIJING – China will start selling an initial batch of long-dated bonds this week, the Ministry of Finance announced on Monday, as Beijing looks to increase support for the world's second-largest economy. The central government will begin issuing some 30-year bonds on Friday as part of a planned sale of …

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Microsoft, Amazon to invest in French tech

PARIS – Microsoft on Sunday announced 4 billion euros in investment for developing data centers in France, joining fellow US giant Amazon in committing to the country's tech infrastructure. The announcements came on the eve of the seventh Choose France Summit, the aim of which is to attract foreign investors …

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Emirates posts record $5.1B annual profit

DUBAI – Dubai's Emirates Group announced annual profits of $5.1 billion on Monday, a rise of 71 percent, as the airline company set a new record for the second year in a row. Citing strong customer demand, it said group profits for the past two years hit $8.1 billion, surpassing …

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Luxury retailer Ted Baker begins store-closing liquidation sales

Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started store-closing clearance sales, Ted Baker Canada announced Friday after the company began insolvency hearings late last month. Brooks Brothers, Lucky Brand also affected after insolvency hearings last month Clothing retailers Ted Baker, Brooks Brothers and Lucky Brand have started …

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Billionaire businessman Arthur Irving dead at 93

Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada’s largest oil refinery, has died at the age of 93. Second son of K.C. Irving ran Canada’s biggest oil refinery in Saint John Arthur Irving, the hard-charging New Brunswick billionaire who ran Canada's largest oil refinery, has died at the …

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Is NATO still relevant?

The Philippines’ involvement with both the US and France demonstrates the need for flexible and adaptable security arrangements in negotiating tricky geopolitical realities and protecting national interest. Former US President Donald Trump’s recent remarks about the US commitment to stay as a member of the North Atlantic Treaty Organization (NATO) …

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DFA probes ‘illegal’ activities by diplomats

A Chinese diplomatic vehicle leaves the Department of Foreign Affairs in Manila on December 11, 2023. (AFP / Jam Sta. Rosa)  MANILA, Philippines — The Department of Foreign Affairs (DFA) said on Monday it would investigate alleged illegal activities by foreign diplomats, following calls to probe China’s possible violation of …

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