Economy
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Lithuania-Latvia gas pipeline hit by explosion: Operator
A gas pipeline connecting Lithuania and Latvia was hit by an explosion on Friday but there was no immediate evidence…
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Bolsonaro credit card bill raises eyebrows in Brazil: $1,600 for ice cream
More than $21,000 splurged at a modest restaurant – $10,700 spent at a bakery in a single day. The public…
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First batch of Saudi students graduates from ministry coffee training program
The first batch of students has graduated from a ministry-sponsored program to train Saudis how to prepare coffee at a…
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Egyptian pound halves in value since March under IMF loan deal
The Egyptian pound was trading Wednesday at half its value from March after the central bank intervened for a third…
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US flights beginning to resume after FAA system outage
US flights were slowly beginning to resume departures after Federal Aviation Administration (FAA) scrambled to fix a system outage overnight…
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Russia’s oil exports, output hold up in early 2023
Russia’s oil production rose 0.1 percent in the period from January 1 to 9, to stand at about 10.9 million…
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Despite inflation concerns, Saudi and UAE consumer spending power remains high: Poll
Consumers in Saudi Arabia and the United Arab Emirates are concerned about rising inflation and global market volatility, but their spending power remains…
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World Bank report paints dire picture of global economic outlook as recession looms
Global economic growth is slowing sharply due to elevated inflation, higher interest rates, reduced investment and disruptions caused by the…
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China scoops up rare Russian oil as top buyer boosts imports
China is importing a wider variety of Russian crudes, including the lesser-known Arco grade, just as the nation doubles down…
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Bitcoin miners deleverage, scale back as crypto winter continues into 2023
Cash-strapped Bitcoin miners are reducing loans and scaling back their operations as the crypto-mining industry continues to weather a plunge…
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