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Nigeria economic growth slows as industry and oil sectors shrink

By Chijioke Ohuocha ABUJA (Reuters) -Nigeria’s economic growth slowed to 3.52% in the fourth quarter from 3.98% a year earlier, as widespread flooding destroyed farms, oil production declined and industry was squeezed by rising costs, the statistics office said. Double-digit inflation and a weaker naira currency have held back Africa’s biggest economy as it has …

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Charles River gets DoJ subpoena on Cambodian supply of lab monkeys

(Reuters) – Contract research firm Charles River Laboratories said on Wednesday that it had received a subpoena from the U.S. Department of Justice over an investigation into the supply of non-human primates from Cambodia. The DoJ had in November charged members of an international primate smuggling ring with multiple felonies for their role in bringing …

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Eyes on Israel central bank as judicial push keeps shekel tumbling vs dollar

By Steven Scheer JERUSALEM (Reuters) -Israel’s shekel fell 1.5% versus the dollar on Wednesday amid a plan to overhaul the country’s judiciary, continuing a rapid decline that could prompt central bank intervention. The shekel stood at 3.68 versus the U.S. currency, its lowest level since March 2020, after weakening 1.6% on Tuesday. Since hitting a …

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Toronto stocks seen up 6.2% by year-end, despite ‘wall of worry’: Reuters poll

By Fergal Smith TORONTO (Reuters) – Canada’s main stock index will add to its rally this year and hit a record high in 2024 as the Bank of Canada turns less hawkish and China’s reopening boosts demand for commodities, a Reuters poll found, but the upswing will be less than previously thought. The median prediction …

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German trade with Central and Eastern Europe at record high – business group

BERLIN (Reuters) – German trade with Central and Eastern Europe climbed to a new high of 562 billion euros ($597.52 billion) in 2022 despite a drastic decline in German exports to Russia, the German Eastern Business Association said on Wednesday. German exports to Russia plummeted dramatically in 2022, as European Union sanctions targeted Moscow for …

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