World economy
UAE, Saudi energy ministers hit back at ‘NOPEC’ bill, say it could send oil prices surging
UAE Energy Minister Suhail Al Mazrouei says moves by U.S. authorities to introduced NOPEC legislation would bring chaos to energy markets. AFP | Getty Images Top OPEC ministers have hit back at new U.S. legislation intended to regulate its output, saying such efforts would bring greater chaos to energy markets. UAE Energy Minister Suhail Al […]
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More U.S. companies in China cut forecasts, scale back investments as Covid persists
Truck drivers, such as the one pictured here in Shanghai in late April, typically need to show valid negative virus tests in order to move goods between cities in China. The American Chamber of Commerce in China said members have reported varying implementation of Covid controls depending on city and province. Vcg | Visual China […]
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European markets close down 2.8% as travel, tech stocks lead losses; oil prices fall 5%
LONDON — European stocks on Monday fell to two-month lows as global investors fled risk assets en masse due to fears over inflation. The pan-European Stoxx 600 provisionally ended down 2.8%, hitting its lowest level since Mar. 8. Travel and tech shares led the losses, down 5.8% and 4.8% respectively, as all sectors and major […]
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Interest rates are surging — here’s how to protect your money
An entire generation is experiencing higher interest rates for the first time in their adult lives. Interest rates have been at historic lows since the global financial crisis — but they’re beginning to creep up. An entire generation of people is experiencing higher interest rates for the first time in their adult lives. Interest rates […]
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Putin blames the West for Ukraine war in ‘Victory Day’ speech
Russian President Vladimir Putin is seen on the screen as he delivers a speech during 77th anniversary of the Victory Day in Red Square in Moscow, Russia on May 09, 2022. Anadolu Agency | Anadolu Agency | Getty Images President Vladimir Putin on Monday tried to defend Russia’s unprovoked invasion of Ukraine in his annual […]
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Saudi king admitted to hospital in Jeddah for tests: Saudi press agency
Saudi Arabia’s King Salman bin Abdulaziz Al Saud. Bandar Algaloud | Courtesy of Saudi Royal Court | Reuters Saudi Arabia’s King Salman bin Abdulaziz was admitted to hospital on Saturday in the Red Sea city of Jeddah to undergo medical tests, the state-run Saudi Press Agency reported on Sunday, citing a statement from the royal […]
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This 29-year-old left the U.S. for Budapest. Now he makes $120,000 — and lives in an $800-per-month apartment
In 2014, I had a life-changing wake-up call: I survived an opioid overdose that put me in the intensive care unit. Hitting rock bottom made me realize how lucky I am to be alive. I spent some time in my hometown, Memphis, to focus on my recovery and staying sober. Once I felt stable, I […]
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All-out war on Ukraine? Putin could be gearing up for something big on May 9
Russian military vehicles rehearse ahead of Russia’s ‘Victory Day’ military parade marking the 77th anniversary of the victory over Nazi Germany in World War II, at Red Square in Moscow, Russia on May 4, 2022. Anadolu Agency | Anadolu Agency | Getty Images As Russia approaches one of the most significant days in its calendar, […]
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European stocks pull back after Wall Street sell-off
The pan-European Stoxx 600 fell 0.7% in early trade, with tech stocks shedding 1.3% to lead losses as almost all sectors and major bourses slid into negative territory. Oil and gas stocks gained 0.5%. The Dow Jones Industrial Average plunged more than 1,000 points and the Nasdaq Composite fell nearly 5% on Thursday, erasing Wednesday’s […]
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China’s Covid lockdowns are hitting more than just Shanghai and Beijing
Nationwide, about 327.9 million people in more than 40 cities are affected by the latest lockdowns, Nomura’s Chief China Economist Ting Lu estimated Wednesday. Pictured here from February is a closed shopping mall in Suzhou with red banners proclaiming the need to fight the virus. Sopa Images | Lightrocket | Getty Images BEIJING — While […]
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