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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.
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Qalibaf: US turned to economic war after defeat against resistance on battlefield
Jul 29, 2021 06:28The Parliament speaker says the United States and the Zionist regime have turned to economic war and sanctions following failure to defeat the resistance front on the battle ground, stressing the need for enhanced trade ties among countries of the resistance axis to foil the pair’s economic plots.
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‘Americans living in oligarchic society where 1% elites hold more wealth than 92%’
Jul 09, 2021 02:47US senator and a candidate in the 2020 US presidential election, Bernie Sanders believes the American society is “oligarchic” where majority of wealth is accumulated by a handful of affluent elites.
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Food price hikes help fuel 40% jump in global hunger: United Nations World Food Programme
Jul 08, 2021 23:51Acute food insecurity has soared 40% this year as recent food price hikes have exacerbated existing pressures from conflict, climate change and the COVID-19 pandemic, the United Nations World Food Programme (WFP) says.
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Consumer prices in US spiked 4.2% in the last 12 months
May 13, 2021 00:42Consumer prices in the United States spiked sharply in April, according to new data released Wednesday by the Department of Labor.
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Oil hits one-month highs as IEA, OPEC raise forecasts
Apr 15, 2021 06:27Oil prices increased on Thursday to the highest level in almost a month, after rising 5% in the previous session.
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Russia: US military provoking tensions in Arctic
Apr 09, 2021 08:58Russia says its activities in the Arctic do not pose a threat to any country, and that the United States military is escalating tensions in the resource-rich region by conducting provocations.
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Ship blocking Suez Canal like 'beached whale' could be stuck for weeks
Mar 26, 2021 01:50A container ship blocking the Suez Canal like a "beached whale" may take weeks to free, the salvage company said, as officials stopped all ships entering the channel on Thursday in a new setback for global trade.
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Russia gradually ditching US dollar in trade with allies: Duma
Mar 12, 2021 11:26A senior Russia lawmaker says his country is gradually reducing the role of the US dollar in financial transactions with allies and commercial partners, a long-pursued measure aimed at using currencies other than the greenback to offset the impacts of American sanctions.