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27.07.26 - 01:18
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Rising oil prices could force up UK interest rates, say economists (The Guardian)
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Bank of England expected to keep rates on hold on Thursday but renewed Iran conflict casts shadow over energy costsThe Bank of England could be forced to tear up its economic forecasts and raise interest rates later this year if oil prices return to above $100 a barrel, according to City economists.Before a meeting of Bank officials on Thursday, economists said that while an interest rate hike would probably be avoided this week there could be some in the future because of conflict in the Middle East. Continue reading......
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27.07.26 - 01:13
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India fuels Bitchat′s global rise despite takedown order (Times of India)
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Bitchat, an internet-free messaging app, is gaining popularity in India. The app saw significant download increases in the week ending July 24. India accounted for over half of Bitchat's global downloads during this period. Civil liberty groups have criticized the government's actions as unconstitutional. The app has also climbed app store rankings significantly....
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27.07.26 - 01:00
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Burberry sales jump: Are luxury goods back in fashion in China amid tech wealth? (SCMP)
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Luxury brands including Burberry and Cartier posted robust sales growth in China in the latest quarter until late June, and analysts believe the uptick might be due to the country's strong asset market, leading to improved consumer sentiment.
British luxury brand Burberry saw 5 per cent year-on-year sales growth to £455 million (US$606 million) in the first quarter of fiscal 2027 ending June 27, led by continued strength in the Americas and Greater China, the company said in its quarterly......
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