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Heathrow Airport says return to pre-pandemic demand years away

Britain's biggest airport Heathrow reported a nine-month loss of 442 million pounds ($507 million) and warned it was unlikely to return to pre-pandemic demand...

Barclays braces for bad loans despite jump in profits

Barclays is bracing for a hit from bad loans as the economic outlook darkens, even after it posted a jump in profits. The British lender more...

Britain’s new PM eyes delay to crunch budget plan

British Prime Minister Rishi Sunak could postpone an eagerly-awaited budget plan due next week, a senior minister said Wednesday, as the youthful new leader...

EU to propose banks offer mandatory ‘instant payments’ in euros

Banks in the euro zone would be required to provide 'instant payments' in the single currency 24/7 under draft European Union rules seen by...

Investors warm to European debt after rates turn positive – funding officials

Investors that were previously put off by negative interest rates in Europe in recent years are starting to return to market, funding officials for...

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World Bank’s Banga says more bilateral debt forgiveness needed

World Bank President Ajay Banga said on Thursday (17...

Ghana, creditor panel agree on debt restructuring, paving way for IMF cash

Ghana has finalised a pact with its official creditor...

Nigeria strikes deal with Shell to supply $3.8 billion methanol project

Nigeria has struck a deal for Shell (SHEL.L), opens new...

Africa’s $824 billion debt burden and opaque resource-backed loans hinder its potential, AfDB president warns

Africa's immense economic potential is being undermined by non-transparent...
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