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Insurer FWD Group to buy majority stake in Malaysia’s Gibraltar BSN

By Yantoultra Ngui SINGAPORE (Reuters) -Insurance firm FWD Group Holdings Ltd said on Monday it would buy a majority stake in Malaysian insurer Gibraltar BSN Life Bhd for an undisclosed price, expanding its presence in the country’s full-service insurance business. The Asia-focused insurer, which has been in Malaysia since 2019 as a provider of takaful, …

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At job fairs in China, employers are thrifty and applicants timid

By Ellen Zhang and Florence Lo BEIJING (Reuters) – China’s job fairs are making a comeback after being forced online by COVID-19 for three years, but subdued wages and less abundant offerings in sectors exposed to weakening external demand point to an uneven and guarded economic recovery. Authorities announced hundreds of such events across the …

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U.S. sanctions authority probes Raiffeisen on Russia

By John O’Donnell, Francesco Canepa and Alexandra Schwarz-Goerlich FRANKFURT/VIENNA (Reuters) -The United States’ sanctions authority has launched an inquiry into Raiffeisen Bank International over its business related to Russia, increasing scrutiny of the Austrian lender that plays a critical role in the Russian economy. Responding to questions from Reuters, the bank said it had received …

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Nigeria’s Atiku promises unity, economic bounce in final campaign rally

YOLA, Nigeria (Reuters) – Nigeria’s presidential hopeful Atiku Abubakar on Saturday said he would bring peace and unity to the country and improve its economic fortunes as he made his final campaign stop. Economic hardships, including the highest inflation in nearly two decades, unemployment and shortages of cash, and widespread insecurity from a long-running insurgency …

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