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alesund g0f229a352 1920 The world's largest sovereign fund loses 43.5 billion dollars in the third quarteR

The world’s largest sovereign fund loses 43.5 billion dollars in the third quarteR

Norway’s wealth fund, the world’s largest with $1.15 trillion in assets, said Friday it incurred a loss of 449 billion Norwegian crowns ($43.47 billion) in the third quarter of 2022, as it was hit by high interest rates, inflation and war in Europe. The fund’s return on investment was negative 4.4 percent in the July-September …

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supermarket g203aa209e 1280 US consumer spending rises more than expected in September

US consumer spending rises more than expected in September

US consumer spending rose more than expected in September, while core inflation continued to pressure in the world’s largest economy, keeping the US Federal Reserve on the path of tight monetary policy, and boosting expectations that it will raise interest rates by 75 basis points for the fourth time this year. And the US Commerce …

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stock gb8e4dd268 1920 British Prime Minister: Tough decisions must be made to reform the economy

British Prime Minister: Tough decisions must be made to reform the economy

New British Prime Minister Rishi Sunak said on Friday tough decisions would have to be made to put British government borrowing and borrowing on a sustainable path, adding that he was confident of reforming the economy. “We as a country are facing a lot of challenges but I am confident that we can reform the …

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Freezing 17 billion euros of Russian assets in the European Union

Freezing 17 billion euros of Russian assets in the European Union

European Justice Commissioner Didier Reynders announced Saturday that some 17 billion euros of assets of Russian businessmen and entities in the European Union have been frozen in seven member states, following sanctions imposed on Russia in response to the war in Ukraine. “So far, the assets of 90 people, amounting to more than 17 billion …

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UNEMPLOYMENT INSURANCE

HOW DOES UNEMPLOYMENT INSURANCE WORKS

Unemployment insurance in the USA are programs that the Government has to support any person who becomes unemployed through no fault of their own or any responsibility. In these plans, protection is only temporary, considering that the person must find a new job in the short term. What does unemployment insurance cover in the USA? Unemployment …

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Personal Accident Insurance

What Is Personal Accident Insurance

Characteristic It can be contracted individually or collectively. Their hiring is voluntary. You can pay a one-time compensation or reimburse the expenses incurred for the treatment of injuries caused by an accident. It has a defined validity. A health declaration is generally required before joining the policy. The insured must take into account if there …

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