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White House: Biden will order the start of work on creating a digital US dollar
US President Joe Biden will order on Wednesday government agencies to begin work on creating a digital US dollar, White House officials said.
"The implications of the prospect of issuing a digital dollar are profound," one of the…
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US crude and fuel stocks fell last week
The US Energy Information Administration reported on Wednesday that crude, gasoline and distillate inventories in the country fell last week.
Reuters confirmed, this evening, Wednesday, that crude stocks fell by 1.9 million barrels last…
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Oil spikes to 2008 highs as US, Europe mull Russian oil import ban
Oil prices soared more than 9 percent on Monday, touching their highest since 2008.
Oil prices rose as the United States and European allies mull a Russian oil import ban and delays in the potential return of Iranian crude to global…
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CMN Naval launches the world’s fastest autonomous interceptor during WDS in Saudi Arabia
CMN Naval, a French-European shipbuilding group, on Sunday announced the launch of the fastest autonomous interceptor in the world on the sidelines of the World Defense Show in the Saudi capital, Riyadh.
CMN was demonstrating live the…
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Four Libyan terminals shipping oil to international markets reopen after temporarily halt
Four of the six Libyan ports that ship the country’s oil internationally have reopened after temporarily coming to a halt on Thursday amid bad weather conditions, Bloomberg reported, citing state-run National Oil Corp.
The terminals are…
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Russia-Ukraine conflict puts global economy recovery at high risk: Moody’s
The Russia-Ukraine conflict and subsequent sanctions have increased risks to the global economic outlook, with effects that will depend on the length and severity of the crisis, Moody's Investors Service said in a report.
Europe's…
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MANGO temporarily halts operations in Russia
The Spanish clothing design and manufacturing company MANGO has taken the decision to temporarily suspend its operations in Russia, closing its stores, online platform, and the delivery of goods to the country.
This comes as the company…
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Chinese automaker SAIC’s MG Motor India to raise funds for EV push
MG Motor India, which is owned by China’s SAIC Motor, plans to raise funds to develop its Indian electric mobility business, three sources told Reuters, as Chinese investments face increased scrutiny by the government in New Delhi.
MG…
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OPEC+ decision to maintain policy is ‘disappointing’, says IEA
The International Energy Agency has expressed its disappointment over the decision of the Organization of the Petroleum Exporting Countries and its allies, known as OPEC+, to maintain oil output.
Despite the surge in prices amid mounting…
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America’s Fitch and Moody’s downgrade Russia’s rating
The American agencies "Moody's" and "Fitch" have downgraded the credit ratings of the Russian economy against the backdrop of sanctions imposed by the United States and European countries on Moscow.
Ratings agency Moody's said Thursday…
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