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UK inflation slows in December but remains sky-high
UK inflation slows in December but remains sky-high
by  AFP

Annual inflation in Britain slowed to 10.5 percent in December, official data showed Wednesday, but remained close to historically high levels that are causing a cost-of-living crisis and mass strikes. "Inflation eased slightly in December, although still at a very high level, with overall prices rising strongly during the last year as a whole," said ONS chief economist Grant Fitzner.

Macau jails 'junket king' Alvin Chau for 18 years
Macau jails 'junket king' Alvin Chau for 18 years
by  AFP

Macau's former "junket king" Alvin Chau was sentenced on Wednesday to 18 years in jail for running an illegal gambling empire, ending a criminal trial that shocked the casino hub and toppled one of its highest-profile gaming tycoons. Suncity under Chau's leadership "conducted illegal gambling for unlawful gains for a long time", she said in her ruling, and sentenced him to 18 years behind bars.

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