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HSBC names Lebanon-born CFO Elhedery as next chief executive

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 new boss will take the helm on September 2, the bank said, as it looks to push on with a transformation undertaken by current CEO Noel Quinn, who announced his shock retirement in April.

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Australian computer scientist who claimed to invent bitcoin referred to prosecutors for perjury

An Australian computer scientist found to have falsely claimed to be the mysterious creator of the bitcoin cryptocurrency will be referred to British prosecutors for "wholescale perjury and forgery of documents," a London judge said Tuesday.

Judge James Mellor, who ruled after a civil trial in March that Craig Wright was not the man behind "Satoshi Nakamoto," the pseudonym that has masked the creator of bitcoin's identity, said he will refer evidence from the case to the Crown Prosecution Service to consider whether to bring charges.

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Bolivia's beleaguered president announces natural gas discovery, promising a boon for the country

Bolivia's embattled president on Monday announced the discovery of vast natural gas reserves, describing it as the biggest find in nearly two decades that could help the cash-strapped country reverse its falling production.

President Luis Arce called the trove just north of the capital a "mega field," saying it has some 1.7 trillion cubic meters of gas at a likely market value of $6.8 billion.

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Global stocks are mixed ahead of US retail sales data

European markets slipped and Asian stocks were mixed on Tuesday ahead of the release of U.S. retail sales data that could help sway a decision by the Federal Reserve on interest rates.

Germany's DAX lost 0.6% to 18,475.67 and the CAC 40 in Paris declined 0.8% to 7,571.83. In London, the FTSE 100 was down 0.5% at 8,144.13.

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Trump's economic plans include proposed tariffs, tax cuts and no taxes on tips

The first night of the Republican National Convention kept its official focus on the economy Monday even after Saturday's shooting at a rally in Pennsylvania in which former President Donald Trump was injured.

Speakers argued that Trump would fix inflation and bring back prosperity simply by returning to the White House as president. Virginia Gov. Glenn Youngkin lamented, "Tonight, America, the land of opportunity, just doesn't feel like that anymore."

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World shares are mixed after shooting at Trump rally, weaker China data

World shares began the week trading mixed and U.S. futures were higher after a shooting at a rally for former President Donald Trump.

China reported that its economy expanded at a slower-than-forecast 4.7% annual pace in the last quarter as its ruling Communist Party opened a once-a-decade policy-setting meeting.

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China's economy slows in last quarter as weak consumer demand drags on growth

China's economy expanded at a slower-than-forecast 4.7% annual rate in the last quarter, the government reported Monday, while emphasizing signs of improvement in factory output, income and investment.

The expansion was sharply below the 5.3% annual pace of growth seen in the first quarter of the year.

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Thailand set to roll out controversial $13.8 bn handout plan in digital money to citizens

Thailand's prime minister said Monday that eligible businesses and individuals can register from August for digital cash handouts, a controversial program that will cost billions of dollars and is meant to boost the lagging economy.

The government announced in April the widely criticized ambitious plan, named the "Digital Wallet," meant to give 10,000 baht (about $275) to 50 million citizens in digital money to spend at local businesses.

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Wall Street flat admit rush of bank earnings, inflation data

Wall Street is essentially flat before the opening bell as quarterly earnings from banks and new inflation data pulled markets in different directions.

Futures for the S&P 500 were unchanged before the bell Friday while futures for the Dow Jones Industrial Average ticked up less than 0.1%.

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Booming Turkish TV drama captures hearts and minds worldwide and boosts tourism

Under the sweltering Turkish sun, tourists wander through sets that recreate Ottoman and Byzantine-era castles, take selfies with actors in traditional Ottoman costumes and watch horseback stunt performances. Among them is Riia Toivanen, 22, a devoted fan of Turkish television drama who traveled to Istanbul from Finland with her mother to delve into the realm of her beloved shows.

Some 8,000 miles (12,800 kilometers) across the globe in Villa Carlos Paz in Argentina, 66-year-old retired teacher Raquel Greco watches an episode of a Turkish romantic comedy, surrounded by memorabilia from her once-in-a-lifetime trip to Istanbul where she visited landmarks she knew from years of watching Turkish shows.

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