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News articles

• Paraguay's former president charged after bank collapse
  Source: BBC News - World

  Paraguay’s former president faced charges following a banking collapse that reportedly prevented many people from accessing their funds.

• 'My mortgage is going up £200': How rising interest rates are hitting people's pockets
  Source: BBC News - Business

  With UK interest rates set to rise, mortgages, credit cards and loans could get more expensive for millions.

• Global stocks fall amid ‘big worries over AI’ after Democrats’ midterms triumph
  Source: The Guardian - World

  Asian and European markets follow US tech rout with many analysts predicting more waves of selling to come European and Asian stock markets fell sharply on Friday after the Democrats’ decisive victory in the midterms triggered a rout in US tech stocks a day earlier. A sell-off on Wall Street on Thursday was followed by sharp falls in Asian stock markets on Friday. The investor sentiment then reached London, where the market was, at one stage, poised for its worst day since March. Continue reading...

• AI stocks climb after trillions wiped from market values
  Source: BBC News - Business

  Investors had been selling off tech shares in part due to concerns the Democrat election victory would mean slower AI development.

• Ueno Bank scandal plunges Paraguay into political crisis
  Source: Deutsche Welle - English

  Suspected financial fraud, public money at risk and millions of customers affected: Paraguay is in serious crisis following the sudden collapse of Ueno Bank. President Santiago Pena is facing impeachment.

• Why is Paraguay facing a banking and political crisis?
  Source: Al Jazeera English - News

  Why is Paraguay facing a banking and political crisis? Ueno collapse raises questions about state influence and accountability.

• Food bank to close amid rising costs
  Source: BBC News - Business

  A food bank in Goole annouces it will close in January as costs rise and donations drop.

• Winter support for residents facing cost pressures
  Source: BBC News - Business

  The plans aim to help more people access food, financial advice and help with heating costs.

• Protests and reforms: France's rising debt costs threaten stability
  Source: Deutsche Welle - English

  France plans to spend an extra €4 billion on education amid nationwide protests. But with public debt mounting and interest costs climbing, how much fiscal room does the government have?

• 'I've taken an extra job to pay for heating oil'
  Source: BBC News - Business

  People in Sussex say they are taking on extra work and not heating their homes due to oil prices.

• European shares join a global sell-off as AI spending fears rattle Wall Street and Asian markets
  Source: Deutsche Welle - English

  European shares have fallen after sharp losses in Asia and on Wall Street. Doubts over huge AI investments and fears of curbs following the Democrats' US midterm victory have rattled global markets.

• Paraguay’s president quits after millions of people’s savings frozen in bank crisis
  Source: The Guardian - World

  Santiago Peña’s rightwing administration had authorised Ueno Bank to drastically expand operations before collapse Paraguay’s rightwing president, Santiago Peña, resigned on Thursday after a political and financial crisis collapsed the South American country’s banking system in recent days. At the centre of the crisis is Ueno Bank, which in just a few years under Peña went from an obscure digital bank to one of the country’s largest lenders, claiming to have about 60% of Paraguay’s adult population as customers. Continue reading...

• Paraguay President Santiago Peña resigns after bank collapse
  Source: BBC News - World

  The move follows a bank collapse and after the lower house of congress voted in favour of pursuing an impeachment trial against him.

• UK found to be ‘dangerously’ reliant on China for critical minerals needed for defence and AI
  Source: The Guardian - World

  Delivering net zero also at risk, say MPs as they call for centralised policy and funding for mines and diversification The UK is “dangerously” dependent on China for critical raw materials needed for the military, renewable energy infrastructure and AI, a parliamentary investigation has found. MPs on the business select committee called for an urgent centralised policy and the creation of a “critical minerals finance facility” to help fund rare earth and other critical mineral mines, and deploy grants, equity and debt to accelerate a diversification programme. Continue reading...

• Pound rises to its highest level since the Brexit referendum
  Source: BBC News - Business

  Pound reaches highest level against a basket of currencies since the Brexit referendum a decade ago.

• Australia's oldest department store David Jones folds after 188 years
  Source: BBC News - Business

  The brand's 38 physical stores and online site will continue to operate while receivers review its operations.

• No more rice grains in Kellogg's Rice Krispies due to changing weather
  Source: BBC News - Business
• Canva layoffs: design giant to cut or relocate more than 1,200 jobs in major restructure
  Source: The Guardian - World
• Canva announces major job cuts after 'our hardest year yet'
  Source: BBC News - Business
• UK and EU agree draft deal to scrap Brexit red tape over food exports
  Source: BBC News - Business
• Trump claims US will end military aid to Israel by end of this year
  Source: The Guardian - World
• Cyprus: From ties with Russia to a strategic alignment with the US
  Source: Deutsche Welle - English
• US strikes Iran’s Qeshm Island as Vance voices optimism about a deal
  Source: The Guardian - World
• Trump to remove Rwanda and South Africa from US trade deal
  Source: BBC News - World
• Trump’s troubles with Iran could open the door to China
  Source: The Guardian - World
• Could the AI boom make borrowing more expensive in Europe?
  Source: Deutsche Welle - English
• Oil price falls amid hope of a breakthrough to end Iran war
  Source: The Guardian - World
• Canada and EU announce new alliance open to like-minded countries
  Source: The Guardian - World
• Russia shadow fleet sanctions: Can the EU act without US?
  Source: Deutsche Welle - English
• Russia in Africa: What is Putin hoping to achieve?
  Source: Deutsche Welle - English

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