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UK govt to pump £500mn into Tata Steel but says 3,000 jobs at risk
UK govt to pump £500mn into Tata Steel but says 3,000 jobs at risk
Business and Economy
by  AFP

The UK government said Friday that it would provide £500 million ($621 million) to fund the production of "greener" steel at the country's biggest steelworks but that 3,000 jobs were still at risk. Port Talbot steelworks is the UK's single biggest carbon emitter, and the government has been looking to help British Steel and Indian-owned Tata Steel to replace dirty blast furnaces.

Russian central bank raises key rate amid weaker ruble
Russian central bank raises key rate amid weaker ruble
Business and Economy
by  AFP

Russia's central bank raised its key interest rate for the third time in two months on Friday as it grapples with higher inflation and a weaker ruble. The central bank last hiked its key rate at an emergency meeting in August, a day after the ruble tumbled to a more than 16-month low against the dollar.