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Regulators propose first global rules before ‘crypto winter’ thaw

Cryptoasset companies should set aside capital like banks when undertaking similar activities, regulators proposed on Tuesday in their first global rules as a “crypto winter” wiped $2 trillion off the

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Asia-Pacific airline traffic recovery to accelerate as rules ease

Passenger airline traffic in the Asia-Pacific region should recover to around 73% of 2019 levels by year-end as travel restrictions relax, up from 53% in August, the Asia-Pacific head of

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Russian gas supply gap casts chill in Europe as winter nears

Europe needs to pay up to import liquefied natural gas, pray for a mild winter and cut energy demand as any sabotage of infrastructure or even deeper cuts to Russian

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Toshiba India to supply batteries for EVage’s electric vans

The Indian unit of Japan’s Toshiba (6502.T) will supply its SCiB rechargeable lithium-ion cells for 10,000 electric delivery vans made by Indian start-up EVage, the companies said on Tuesday. This

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Moody’s withdraws ratings of China’s Evergrande and Kaisa

Moody’s on Tuesday said it withdrew the ratings of property developers China Evergrande Group (3333.HK) and Kaisa Group because of insufficient information. Moody’s said it also withdrew its ratings on

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UK consumer spending lags far behind inflation, surveys show

British consumer spending grew last month at a rate that lagged behind inflation by a long way, according to surveys on Tuesday that underlined the risk of recession as the

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Robert Walters posts higher profit on strong hiring trends

British recruitment firm Robert Walters (RWA.L) on Tuesday reported a 22% jump in its third-quarter gross profit, as hiring stayed robust amid intense competition to fill up vacancies. The jobs

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