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US sets up Swiss Fund for frozen Afghan assets, Taliban reject plan
Sep 14, 2022 12:13The United States says it is setting up a Geneva-based fund to manage billions of dollars in frozen Afghan reserves, but the interim Taliban government in Kabul wants the reserves directly transferred to the Afghan central bank.
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Raeisi: Iran pursuing policy of enhancing cooperation with Latin America
Sep 06, 2022 14:48President Seyyed Ebrahim Raeisi has reaffirmed the Islamic Republic’s policy of enhancing cooperation with Latin American countries, including Venezuela.
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Sri Lanka gains IMF's provisional agreement for $2.9 billion loan
Sep 01, 2022 08:21Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the global lender said on Thursday, as the country seeks a way out its worst economic crisis in decades.
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UK’s national rail strike shuts most services, causes travel chaos
Aug 20, 2022 08:43Disruptions to Britain’s transport system are expected to stretch into the weekend with train workers seeking to keep their jobs and earn higher wages stage yet another nationwide strike.
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UK suffers worst inflation rate in G7 amid record soaring prices
Aug 18, 2022 15:09Britain is suffering the worst inflation rate among the G7 countries with skyrocketing prices further tightening the squeeze on the British public.
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Planned eight-day strike at port threatens UK’s supply chains
Aug 18, 2022 09:54The most significant of a growing wave of strikes in Britain will go ahead with an eight-day walkout after pay talks broke down with employers at Felixstowe port in Suffolk, England.
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Top American economist warns US recession may be ‘long and severe’
Aug 18, 2022 02:00An American economist has warned that the United States is at the cusp of a “long and severe” recession, which he says could bring financial distress "across the board."
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UK inflation tops 10%, highest since 1982
Aug 17, 2022 06:25British consumer price inflation jumped to 10.1% in July, its highest since February 1982, up from an annual rate of 9.4% in June, intensifying the squeeze on households, official figures showed on Wednesday.
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Turkey agrees to pay for Russian gas in rubles
Aug 06, 2022 10:26Turkish President Recep Tayyip Erdogan has pledged to boost trade with Moscow, saying Ankara is ready to pay for part of Russian gas in rubles.
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UK economy to slip into recession as inflation soars
Aug 06, 2022 06:59Britain is on the brink of a recession as deep as the 1990s and as long as the 2008 financial crisis: a bleak projection by the country’s central bank.