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UK finance minister begins China visit amid govt bond crisis
UK finance minister begins China visit amid govt bond crisis
Business and Economy
by  AFP

British finance minister Rachel Reeves began a visit to China on Saturday, seeking to revive dialogue with the world's number two economy as UK borrowing costs soar. They may seek to revive long-suspended annual trade and investment dialogue and discuss avenues for cooperation, potentially including financial services.

Devastating LA fires expected to push up insurance premiums
Devastating LA fires expected to push up insurance premiums
Business and Economy
by  AFP

The fires ravaging upmarket Los Angeles districts Pacific Palisades and Malibu will be the most expensive ever to hit California, according to experts, who expect premiums to rise in a region already abandoned by many insurers. On Wednesday, it estimated the total cost of the Los Angeles fires so far at between $135 billion and $150 billion.