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IMF issues warning on global debt

The International Monetary Fund says that high global debt is a concern. In a new report, the IMF says governments should use the current strong economic growth to strengthen their finances.

 

Fed announces US rate increase

US, Fed, rate increase

The US central bank has said it will raise its benchmark interest rate citing a strengthened economic outlook.

   

Facebook value drops by $37bn amid privacy backlash

Facebook's shares have fallen sharply, wiping $37bn off the firm's value, as it faces questions from US and UK politicians about its privacy rules.

   

Trump steel tariffs: Trading partners threaten retaliation

Trump steel tariffs, trading partners threaten retaliation, US steel industry

The main trading partners of the US have reacted angrily after President Donald Trump announced plans to impose tariffs on steel and aluminium imports.

   

Federal Reserve policymakers more confident about economy

The US Federal Reserve is preparing for stronger-than-expected economic growth this year, a view that boosts the case for higher interest rates.

   

Walmart shares fall 10% as online sales slow

Walmart shares suffered their biggest percentage fall for more than three decades on Tuesday after reporting disappointing online sales figures for the Christmas period.

   

Oil extends gains on Saudi commitment to cutting output, weak dollar

Oil prices rose more than 1 percent on Thursday to extend gains from the previous session, lifted by a weak dollar and Saudi comments that it would rather see an undersupplied market than en [ … ]

   

Amazon plans hundreds of layoffs

Amazon is cutting hundreds of positions at its headquarters and global operations, a reset that comes after several years of significant growth.

   

Asia stock markets drop sharply after US falls

Major Asian markets suffered sharp losses on Friday, following another day of steep falls on Wall Street.

   

Bitcoin falls below $6,000

Bitcoin, fall, hackers

The value of Bitcoin has fallen to below $6,000 - its lowest price since November 2017.

   

Walmart signs Japan online grocery deal with Rakuten

US retail giant Walmart will team up with Japan's Rakuten to launch a new online grocery delivery service.

   

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