Russian central bank surprises with sharper-than-expected rate hike to 8.5%

By Elena Fabrichnaya, Alexander Marrow and Vladimir Soldatkin MOSCOW (Reuters) -Russia’s central bank hiked its key interest rate by a greater-than-expected 100 basis points to 8.5% on Friday, raising the cost of borrowing as the weak rouble added to inflation pressure from a tight labour market and strong consumer demand. It was the first time…

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Latin American migrants holding informal jobs hamper their integration – report

MEXICO CITY (Reuters) – Migrants in Latin America are more likely to work in informal jobs despite having higher qualifications compared to native workers, hindering their integration, a joint report by three international organizations showed on Friday. Over 50% of migrants in the region are likely to find informal work, the study by the Inter-American…

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Investor Leon Black settles with US Virgin Islands over Epstein probe

(Reuters) – Apollo Global Management Inc co-founder Leon Black paid $62.5 million to the U.S. Virgin Islands to avoid any legal claims tied to a Jeffrey Epstein sex-trafficking investigation, the New York Times reported on Friday. The Times obtained a copy of the settlement agreement from the Virgin Islands government through a public records request….

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US Senate vote gives Democrats control of workplace bias agency

(This July 13 story has been corrected to fix the spelling of ‘Kalpana Kotagal’ in paragraph 2) By Daniel Wiessner (Reuters) – The U.S. Senate narrowly confirmed President Joe Biden’s nominee to the agency that enforces workplace bias laws, giving Democrats a majority on the five-member panel that would allow it to enforce pro-worker polices…

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World’s biggest permafrost crater in Russia’s Far East thaws as planet warms

BATAGAI, Russia (Reuters) – Stunning drone footage has revealed details of the Batagaika crater, a one kilometre long gash in Russia’s Far East that forms the world’s biggest permafrost crater. In the video two explorers clamber across uneven terrain at the base of the depression, marked by irregular surfaces and small hummocks, which began to…

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