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West’s Russia sanctions expose global oil supply to biggest crisis: IEA
Mar 16, 2022 15:42The International Energy Agency (IEA) says the West’s crippling sanctions on Russia threaten the world with the biggest global oil supply shock in decades.
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Putin: Western ‘economic blitzkrieg’ doomed to failure
Mar 16, 2022 15:37President Vladimir Putin says the sanctions imposed against Russia over its offensive in Ukraine are doomed to failure.
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Health costs during pandemic pushed over half a billion people into poverty: WHO
Dec 12, 2021 10:43More than half a billion people globally were pushed into extreme poverty last year as they paid for health costs out of their own pockets during the height of the COVID-19 pandemic, the World Health Organization and the World Bank said on Sunday.
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High inflation ‘devastating’ to everyday Americans, expert says
Dec 09, 2021 05:24The high rate of inflation in the United States is devastating to everyday Americans, an expert has warned, calling for the rising prices to be curbed.
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Half of Americans experiencing financial hardships: Poll
Dec 02, 2021 14:30About half of Americans have said that their families have been experiencing financial hardship due to recent price increases, with 10 percent describing the hardship as severe, according to a new poll.
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Shipping rate surge threatens global economy recovery: UNCTAD
Nov 18, 2021 13:56A surge in container shipping rates poses a threat to the global economic recovery, with small countries dependent on deliveries by sea expected to be hardest hit by a spike in import prices, UN agency UNCTAD said on Thursday.
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Delta variant of COVID hampers US economy in third quarter
Oct 28, 2021 16:20The US economy grew at its slowest pace in more than a year in the third quarter as a resurgence in COVID-19 infections put more strain on global supply chains, leading to shortages of goods like automobiles that slammed the brakes on consumer spending.
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Uzbekistan declares dedication to promoting Iran's Chabhar plan
Oct 26, 2021 13:59Uzbekistan says it plans to hold the second trilateral meeting with Iran and India to discuss the joint use of Chabahar port on Iran's Makran coast for trade and transit.
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IMF cuts US growth outlook and warns of rising risks to the global economy
Oct 12, 2021 14:08Persistent supply chain disruptions and pricing pressures are constraining the global economy’s recovery from the COVID-19 pandemic, the International Monetary Fund said on Tuesday as it cut growth outlooks for the United States and other major industrial powers.
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Oil rally ends amid COVID-19 concerns, returning supply
Aug 26, 2021 06:44Oil fell on Thursday for the first session this week as renewed concerns about demand amid rising COVID-19 infections cut short a three-day rally, and as production returned in Mexico.