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IN THE NEWS

Dhananjaya de Silva guides Sri Lanka to 221-4 against Pakistan

Dhananjaya de Silva guides Sri Lanka to 221-4 against Pakistan

RAWALIPADI: Former captain Dhananjaya de Silva led a Sri Lanka comeback with a gritty unbeaten 87 as the visitors reached 221-4 at lunch on Day 3 of the first cricket test against Pakistan on Wednesday.

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Bank of England Raises Interest Rate to 4% as Energy Risks Intensify

Bank of England Raises Interest Rate to 4% as Energy Risks Intensify

The Bank of England increased Bank Rate by 0.25 percentage points to 4% in an 8-1 vote. UK inflation reached 3.5% in September and is projected to climb toward 5% by mid-2027 as higher global energy costs reach household and company bills.

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Energy Costs Push OECD Inflation Up to 4.5%

Energy Costs Push OECD Inflation Up to 4.5%

Annual inflation across OECD economies rose to 4.5% in September from 4.3% in August, driven mainly by energy. Energy inflation reached 17.4%, while food inflation eased and underlying inflation remained broadly stable at 3.7%.

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OPEC Says Oil Output Is Near Prewar Levels Despite Shipping Disruptions

OPEC Says Oil Output Is Near Prewar Levels Despite Shipping Disruptions

OPEC reported that oil production has moved close to levels seen before the Iran war, led by a sharp recovery in Saudi output even as regional shipping disruptions continue. The group left its broad demand and supply outlook largely unchanged.

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China's Trade Surplus Passes $1 Trillion as Technology Exports Surge

China's Trade Surplus Passes $1 Trillion as Technology Exports Surge

China recorded a trade surplus above $1 trillion for a second consecutive year, supported by strong exports of electronics, vehicles and other advanced manufactured products. October imports also rose as crude-oil shipments from the Gulf recovered.

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China's Singles' Day Exposes Persistent Consumer Caution

China's Singles' Day Exposes Persistent Consumer Caution

China's largest shopping festival again highlighted restrained household spending despite aggressive discounts. The economy grew 4.6% in January through September, but retail sales increased only 1.1% as the long property downturn continued to weigh on confidence.

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US Inflation Broadens as Fed Officials Consider Faster Rate Hikes

US Inflation Broadens as Fed Officials Consider Faster Rate Hikes

US inflation accelerated to 4% in October from 3.7% in September, with price increases spreading beyond fuel and tariff-sensitive goods into services such as healthcare, childcare, restaurants and hotels.

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Irish police prepare for further hoax bomb threats after hundreds of schools targeted

Irish police prepare for further hoax bomb threats after hundreds of schools targeted

Gardaí are preparing for further hoax bomb threats after at least 300 schools across the Republic of Ireland received a mass email on Wednesday.

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Korea, Singapore and New Zealand Advance Green Trade Pact Talks

Korea, Singapore and New Zealand Advance Green Trade Pact Talks

Officials from Korea, Singapore, and New Zealand reviewed progress on the plurilateral Green Economy Partnership Agreement ahead of APEC meetings.

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RBA Inflation Target Origins: Why Australia Chose a Range Over Zero

RBA Inflation Target Origins: Why Australia Chose a Range Over Zero

The Reserve Bank of Australia’s decision to raise interest rates amid rising inflation has renewed scrutiny on its monetary policy framework, particularly the origins and rationale behind its specific 2 to 3 per cent target range.

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In The News