• China exports strong in October, import growth slows

    BEIJING: China’s exports posted strong growth again last month, extending an upward trend on the back of a consumption rebound among its major trading partners, official data showed yesterday. 

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  • Deal or no deal, Brexit to hit UK trade hard

    LONDON: Britain’s business community has long hoped for a post-Brexit free trade deal-but government failures mean there will still be “significant” disruption when it is fully free of the European Union next year, an official watchdog warned Friday. 

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  • Erdogan fires CB chief as lira slides

    ISTANBUL/ANKARA: Turkish President Tayyip Erdogan fired central bank governor Murat Uysal on Saturday and replaced him with ex-finance minister Naci Agbal, acting after a 30 percent plunge in the lira currency’s value to record lows this year. 

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  • Kuwait reports 795 new COVID cases, five deaths

    KUWAIT: The Ministry of Health announced yesterday registering 795 new coronavirus (COVID-19) infections in the past 24 hours, raising the total to 129,638. Deaths reached 799 with the addition of five fatalities. 

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  • Kuwait’s COVID-19 deaths jump over 800, cases over 130,000

    KUWAIT: Kuwait’s confirmed coronavirus cases increased by 742 to 131,205 in the past 24 hours, while the death toll raised to 808 after four patients passed away within the same period, the health ministry said yesterday. 

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  • World stocks rally, dollar slides awaiting clear US vote outcome

    LONDON: Stock markets rallied yesterday and the dollar slid against the euro and pound as US election uncertainty reigned ahead of a key Federal Reserve update. 

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  • Indonesia tumbles into first recession for two decades

    JAKARTA: Indonesia’s virus-hit economy contracted in the third quarter, plunging it into its first recession since the archipelago was mired in the Asian financial crisis more than 20 years ago. 

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  • BoE ramps up stimulus amid virus, Brexit

    LONDON: The Bank of England increased its already huge bond-buying stimulus by a larger-than-expected 150 billion pounds ($195 billion) as it braced for more economic damage from new coronavirus lockdowns and damage from Brexit, too. 

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  • Wall Street executives fret as US election is too close to call

    NEW YORK: Wall Street and financial industry executives urged caution as no clear winner emerged in the hours after polls closed in the 2020 US presidential election, threatening a drawn-out count that keeps markets and businesses hanging. 

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