Economy
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OPEC+ rejects bearish reaction to output increase
OPEC+ ministers rejected oil’s bearish reaction to its decision to gradually boost crude production from October and predicted the market will…
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OPEC head rejects criticism over oil deal, says demand is good
OPEC Secretary General Haitham al-Ghais on Thursday defended the recent adjustments to the OPEC+ oil output deal, calling it a success.…
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Boeing CEO to testify before US Senate panel on June 18
Outgoing Boeing CEO Dave Calhoun will testify before a US Senate panel on June 18 after a series of incidents…
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Egypt will have access to about $820 million subject to IMF Board approval
The International Monetary Fund and Egypt have reached agreement on a loan program review to unlock around $820 million, setting the stage for “an…
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Russian economic tsar tells Hadley Gamble ‘this is not a war economy’
In an exclusive interview, Russia’s Deputy Prime Minister Alexander Novak played down the impact of Western sanctions on his country’s…
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Japan officials visit Toyota HQ over testing scandal
Japanese transport officials inspected Toyota’s headquarters Tuesday after the top-selling automaker and four others including Honda and Mazda admitted failure…
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US, partners making progress on ways to use frozen Russian assets: Treasury official
The United States and its G7 partners are making progress on finding ways to provide larger amounts of urgently needed…
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Egypt adds an extra hour to rolling power blackouts
Egypt said it was extending its rolling power blackouts across the country for an extra hour on Tuesday to allow for…
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Russia’s two largest banks to open in annexed regions of Ukraine by July
Russia’s two largest banks expect to open branches and offices in July in the regions of Ukraine that Moscow claimed…
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Microsoft to invest $3.2 billion in AI in Sweden
Microsoft said Monday it would invest 33.7 billion kronor ($3.2 billion) over two years in cloud and artificial intelligence infrastructure…
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