Moody’s sees ‘tough terrain’ ahead for emerging economies as Russia-Ukraine war extends
Emerging economies will face a “tough terrain” for the next few quarters due to the Russia-Ukraine war, Atsi Sheth, global
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Global Economics
One in five UK civil servants to be laid off – Jacob Rees-Mogg.
Tens of thousands of the United Kingdom’s civil servants are set to lose their jobs under new cost-cutting measures planned
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Swiss release some frozen Russian assets
The Swiss government on Thursday reported 6.3 billion Swiss francs ($6.33 billion) worth of Russian assets frozen under sanctions to
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Fraport to compensate rising inflation with price hikes
Germany’s largest airport operator Fraport said on Tuesday it expects to be able to compensate for rising inflation by passing
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Inflation concerns cause US dollar to jump 10% in 6 months
The coronavirus outbreak sparked a global price boom, which was fueled even more by Russia’s invasion of Ukraine. As a
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U.S. Senate committee to consider bill pressuring OPEC oil group
A U.S. Senate committee is set to vote Thursday on a bill that could expose the OPEC oil producing countries
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Euro zone business growth got boost from reopened services in April – PMI
Business activity in the euro zone accelerated last month as the bloc’s dominant services industry took advantage of a further
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Brief crash hits European stocks in holiday-thinned trading
European stocks suddenly fell on Monday before partly recovering in what brokers described as a “flash crash” or an erroneous
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War pushes Ukraine’s banking sector into loss in Q1
Ukraine’s banking system posted a net loss in the first quarter after lenders had to transfer over $730 million of
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Russia Says It Made Sovereign Bond Payments in U.S. Dollars
Russia’s Finance Ministry said it made payments on two bonds in U.S. dollars, managing to send funds to a paying
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Biden seeks more financial muscle to counter Russia
President Joe Biden asked Congress on Thursday for an additional $33 billion to help Ukraine fend off Russia’s invasion, a
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American Express CEO still not seeing a recession after earnings beat
It’s still smooth sailing for American Express for the time being. “We’ll see how the Fed does in sort of
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Putin Calls Time on Foreign Listings in Fresh Hit to Tycoons
Sanctioned or unsanctioned, Russian billionaires face fresh hurdles after President Vladimir Putin dropped the curtain on the era of foreign
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Bank of America Traders Get Boost From Market Volatility, Beat Estimates
Bank of America Corp. joined Wall Street rivals in capitalizing on market volatility while also benefiting from an increase in
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Tesla Drops on Concern Twitter Would Divide Musk’s Attention
Tesla Inc. shares slipped as investors absorbed the prospect of a new distraction for Chief Executive Officer Elon Musk. Musk’s
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