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US trade deficit hits a new record as imports sharply outpace exports
May 04, 2022 11:15The US trade deficit hit a new record of $109.8 billion in March fueled by strong demand for computers, vehicles, and oil, according to a report by the US Census Bureau released on Wednesday.
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Sri Lanka says World Bank agrees to provide $600 million in financial aid
Apr 27, 2022 07:32The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president’s media division said in a statement on Tuesday.
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EU imposes new sanctions on Russia, ramps up arms transfer
Apr 08, 2022 06:40European Union countries have agreed to impose a coal embargo on Russia as part of the fifth round of sanctions against the country over its military operation in Ukraine.
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Peruvians take to the streets again as Castillo apologizes for deaths
Apr 08, 2022 06:36Peruvians took to the streets in northern Peru on Thursday to demonstrate against President Pedro Castillo as the Andean country faces a new political crisis.
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Iran, Russia boosting trade ties amid sanctions
Apr 07, 2022 06:16Business experts from Iran and Russia have met in the Russian capital to discuss and review bilateral ties between Tehran and Moscow.
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Wall Street stocks fall as oil climbs
Mar 24, 2022 00:08US stock indexes fell on Wednesday as oil prices climbed and Adobe shares tumbled on a disappointing forecast, while investors assessed the outlook for US interest rates following calls from Federal Reserve policymakers for bigger increases.
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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.