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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.
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UK: Trains disrupted in 2nd strike in a week
Jul 30, 2022 10:42Thousands of railway workers in virtually a quarter of Britain’s network have gone on a 24-hour strike, causing yet another “significant disruption” for the second time this week.
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Eurozone inflation hits new record as energy, food prices surge
Jul 29, 2022 15:13Inflation in European countries using the euro currency has once again hit a new record as energy prices go up due to Russia’s military campaign in Ukraine and the coronavirus pandemic.
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US GDP falls for second straight quarter, stoking recession fears
Jul 28, 2022 14:02The American economy has shrunk for the second consecutive quarter amid growing concern the country could be slipping into a recession, according to new federal data.
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US weekly jobless claims hit fresh 8-month high
Jul 22, 2022 09:43The number of Americans filing new claims for unemployment benefits rose for a third straight week last week to the highest in eight months, suggesting some cooling in the labor market amid tighter monetary policy and financial conditions.
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Iran stresses Syria’s sovereignty in crossborder aid mechanism
Jul 22, 2022 09:42Iran’s envoy to the United Nations (UN) has underscored global respect for Syria’s political sovereignty and territorial integrity in the provision of humanitarian aid to the war-ravaged West Asian country, calling for the removal of unilateral Western sanctions on Damascus.
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Sri Lankan police clear main protest site as new PM takes over
Jul 22, 2022 06:42Sri Lankan police and security forces on Friday cleared the main protest site in the capital Colombo occupied by demonstrators for months, hours after an ally of the Rajapaksa family was appointed the new prime minister.