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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.
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Bank of America fined $225 million for 'botched' disbursement of jobless benefits
Jul 15, 2022 03:14US banking regulators have Bank of America fined $225 million over "botched" handling of jobless benefits during the coronavirus pandemic.
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EU Commission slashes bloc’s economic growth forecasts as war-stoked inflation soars
Jul 14, 2022 13:16The European Commission has slashed the European Union’s economic growth forecasts as the ongoing Ukraine-Russia military conflict fuels record-high inflation, which is continuing to destabilize the economy of the bloc’s member states.
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Saudi forces seize another Yemen-bound fuel ship in violation of UN-brokered ceasefire
Jul 14, 2022 05:51The Yemen Gas Company (YGC) says the Saudi-led coalition waging war on the country has seized yet another Yemen-bound fuel ship in blatant violation of the UN-brokered ceasefire.
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US inflation hit 40-year high in June
Jul 14, 2022 05:49Inflation has surged to a new four-decade high in the United States, as prices continue to climb at the fastest pace across many sectors of the economy, fresh data shows.
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Congress showers the Pentagon with cash while Americans pinch pennies
Jul 13, 2022 12:21US Lawmakers will rubber stamp a bill authorizing tens of billions more to the Defense Department that it didn’t even ask for.