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HSBC says Iran war is hitting confidence as businesses warn over economic risks

The Guardian - 7 hours 44 min ago
Oil-driven inflation is big challenge to world economy, lifting inflation and depressing growth, says bank's chair Business live latest updates HSBC bosses have said the Iran war is already hitting global economic confidence, as a string of business leaders warned over the impact of the conflict. Georges Elhedery, the Lebanon-born chief executive of the bank, told Bloomberg Television at a HSBC conference in Hong Kong: "We're saddened and concerned with what's happening in the Middle...
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