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Borsa Istanbul short-selling ban lifted in equity market

Borsa Istanbul said on Monday the order-to-trade ratio (OTR) in the equity market has been reset to 5:1 following the end of measures implemented by the Capital Markets Board since the start of Iran war.According to a statement published on the Public Disclosure Platform, the change took effect on…

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Five people shot and killed in northern Germany, two suspects detained

Five people were shot and killed in a town in northern Germany on Monday, and police said they detained two individuals, including the suspected shooter.The motive for the incident in Stade, close to the port city of Hamburg, was not immediately clear, according to a police spokesperson.The role of…

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China's Xi to host gathering for Communist Party's 105th anniversary, Xinhua reports

Chinese President Xi Jinping will host a gathering on July 1 in Beijing to celebrate the 105th anniversary of the founding of the Chinese Communist Party, the state-run Xinhua news agency reported on Monday.Xi will deliver a speech during the event, which is set to begin at 10 a.m. at the Great Hal…

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Options crackdown haunts India bourse IPO

By Shritama BoseThe world's top venue for trading in equity options by volume is treading carefully with its own listing plans. India's National Stock Exchange may seek a $52 billion market capitalisation in its Mumbai initial public offering. After a decade of delays to its debut, accepting a valu…

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Engineers urge Venezuela to audit state housing after deadly quake

By Maxwell Briceno and Sarah KinosianWhen late Venezuelan leader Hugo Chávez built this coastal housing development bearing his name as part of his socialist revolution, residents found a fresh start after deadly floods had decimated the area more than a decade earlier.But after two back‑to‑back e…

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Economy
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China will lead both renewable energy and coal consumption: Russell

By Clyde RussellChina's latest five-year energy plan confirms two seemingly contradictory positions: it will continue to be the world's leader in both renewable energy and coal.The trick is to view China's plans to massively expand renewable power while keeping coal production and consumption aroun…

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Economy

Baidu chip IPO channels extreme AI frenzy

By Robyn MakAI chips are running perilously hot. China's Kunlunxin is targeting a valuation of $50 billion in its upcoming Hong Kong IPO, The Information reported, citing sources. That's up 17 times in just six months or so as semiconductor shortages continue, accounting for most of majority owner…

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