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20201 articles published since 08 Mar 2022

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Belgian government bans TikTok on official phones
Belgian government bans TikTok on official phones
Business and Economy

Belgian Prime Minister Alexander De Croo on Friday banned federal officials from using TikTok on their work phones, making his the latest country to take steps against the Chinese app. "We shouldn't be naive: TikTok is a Chinese business that is currently obliged to cooperate with the Chinese intelligence services," De Croo said.

Global bank shares sink over US fears
Global bank shares sink over US fears
Business and Economy

The world's biggest banks took a stock market beating on Friday as signs of trouble at a US regional lender sparked concerns over the wider sector. Deutsche Bank was among the biggest losers on Friday as its shares fell by almost 10 percent after Frankfurt's stock market opened, recovering somewhat later to trade around seven percent lower.

Shares in Chinese developer Kaisa plunge as trading resumes
Shares in Chinese developer Kaisa plunge as trading resumes
Business and Economy

Debt-laden Chinese property developer Kaisa's share price hit a record low on Friday as trading resumed following an 11-month trading halt, with the company saying it is in negotiations with creditors. Shares fell as much as 41 percent to a record low of HK$0.5 (about six US cents) on Friday morning, after the trading halt was lifted as a result of the data release.

Bank of Japan leaves policy unchanged as Kuroda bows out
Bank of Japan leaves policy unchanged as Kuroda bows out
Business and Economy

Japan's central bank left its ultra-easy monetary policy unchanged in its last meeting before Governor Haruhiko Kuroda steps down and is replaced by economics professor Kazuo Ueda. Kuroda, 78, will step down at the end of his second term on April 8, after a tenure -- the longest-ever for a Bank of Japan chief -- defined by his signature "bazooka" easy-money policies.

Japan parliament approves new central bank chief Ueda
Japan parliament approves new central bank chief Ueda
Business and Economy

Japan's parliament on Friday approved economics professor Kazuo Ueda as the central bank's next governor, after a decade of monetary easing by outgoing chief Haruhiko Kuroda. Ueda told lawmakers last month that he saw the "continuation of monetary easing as appropriate", warning of uncertainty in financial markets and the global economy.

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