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People pass by an electronic screen showing Japan's Nikkei share price index inside a conference hall  in Tokyo

Asia shares pin hopes on China opening, oil rallies

Asian shares edged higher on Monday as investors hoped steps to unwind pandemic restrictions in China would eventually brighten the outlook for global growth and commodity demand, even if full freedom could be months away.
The Elizabeth Tower, more commonly known as Big Ben, is seen reflected in a puddle as people walk outside the Houses of Parliament in London

UK economy to shrink in 2023, risks 'lost decade': CBI

Britain's economy is on course to shrink 0.4% next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday.
Finance minister Jeremy Hunt is expected to hike taxes and slash spending when he outlines a key budget Thursday

UK inflation accelerates to 41-year peak

British inflation has jumped to a 41-year high on soaring energy and food bills in a worsening cost-of-living crisis, data showed Wednesday on the eve of a key budget.