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Fake luxuries supplant tradition in Istanbul's Grand Bazaar
Fake luxuries supplant tradition in Istanbul's Grand Bazaar
by  AFP

Cut-price branded perfumes and fake high-end handbags line the ornate alleys of Istanbul's Grand Bazaar, with traditional merchants saying the luxury counterfeits are stripping the marketplace of its character. Two aisles down, tea set-seller Gazi Uludag lamented that the Grand Bazaar has "lost its unique character".

HSBC names CFO Elhedery as next chief executive
HSBC names CFO Elhedery as next chief executive
by  AFP

HSBC on Wednesday named chief financial officer Georges Elhedery as the bank's next chief executive to drive "the next phase of development and growth". "The Board concluded that Georges was the outstanding candidate and we look forward to working together as he leads HSBC through the next phase of development and growth."

Stocks, dollar swing as rate bets offset by Trump inflation talk
Stocks, dollar swing as rate bets offset by Trump inflation talk
by  AFP

Equities and the dollar were rangebound Wednesday while gold hit a fresh record as expectations for a US interest rate cut played up against the prospect of another Donald Trump presidency that analysts say could see inflation-fuelling tax cuts and tariffs.

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