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UK Tory donations sink to lowest in two years

  Bloomberg Donations to the UK Conservatives sank to their lowest in more than two years in the third quarter, when the ruling party was riven by infighting which led to the ouster of former Prime Minister Boris Johnson. Rishi Sunak’s party received almost £3 million ($3.7 million) in donations in the three months through September, a 45% drop on ...

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Australia raises key interest rate, warns more tightening

  Bloomberg Australia’s central bank raised its key interest rate for an eighth consecutive month and said it expects to tighten further as policy makers combat the hottest inflation in three decades. The Reserve Bank increased its cash rate by a quarter-percentage point to 3.1%, the highest level since November 2012, at its final meeting of 2022. The widely anticipated ...

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Argentina’s fintech Ualá to start offering loans for its clients in Mexico

  Bloomberg Argentina’s Ualá, the fintech company backed by George Soros, Steve Cohen and Tencent Holdings, will begin offering loans for its clients in Mexico through its alliance with Mexican bank ABC Capital. The service will be offered through ABC and allow for loans of up to 20,000 mexican pesos ($1,011) between 12 and 36 months, according to Ualá chief ...

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