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Russian central bank chief calls for 'open economy'
Russian central bank chief calls for 'open economy'
Business and Economy
by  AFP

Russia's central bank chief called Thursday for Russia to be an "open economy" despite the barrage of Western sanctions and trading restrictions it has been hit with over its Ukraine offensive. At a panel discussion on Thursday, Nabiullina said Russia must prioritise "ensuring the openness of our economy."

Swiss renewable energy battle moves to the ballots
Swiss renewable energy battle moves to the ballots
Business and Economy
by  AFP

Switzerland's largest wind farm, sitting astride the ridge of the Jura mountains by the French border, consists of only 16 turbines -- tiny compared to those of other European countries. Switzerland's largest party, the hard right Swiss People's Party (SVP), has also backed the vote, warning that implementing the law could threaten Swiss energy security.

Solar investment outstrips all other power forms: IEA
Solar investment outstrips all other power forms: IEA
Business and Economy
by  AFP

More money is pouring into solar power than all other electricity sources combined, with investments set to reach half a trillion dollars this year, the world's top energy research body said Thursday. Combined investment in renewables and nuclear for electricity generation is now set to reach 10 times the amount going to fossil-fuel power, led by solar, with China investing the biggest share.

Harry Potter offers magical boost to UK tourism
Harry Potter offers magical boost to UK tourism
Business and Economy
by  AFP

Sam Thorne guides Harry Potter fans through the gothic streets of Edinburgh, where controversial author JK Rowling dreamt up the boy wizard more than three decades ago. Thorne's popular guided walk ends on the colourful Instagram-friendly Victoria Street... in front of two heaving Potter merchandise shops thronged by muggles, or non-wizards.

ECB to start cutting rates from record highs
ECB to start cutting rates from record highs
Business and Economy
by  AFP

The European Central Bank is expected to start cutting interest rates from record highs Thursday, its first reduction in nearly five years, but volatile inflation means the path ahead is uncertain. The central bank will also release its own updated forecasts for growth and inflation on Thursday, which will feed into rate-setters' debate about their next move.