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Economy
CBO boosts U.S. GDP growth estimates, says inflation has topped and will cool to 2% by
A person runs in front of the U.S. Capitol building during morning hours in Washington, February 10, 2022.Brendan McDermid | ReutersU.S. economic growth will exceed 3% in 2022, while roaring inflation has topped and will cool each month…
Food crisis fuels fears of protectionism compounding shortages
DAVOS, Switzerland, May 24 (Reuters) - A growing world food crisis is precipitating protectionist moves by countries which are likely to compound the problem and could lead to a wider trade war, business leaders and policymakers at the…
No recession ahead: Evercore ISI predicts S&P 500 will jump 22% from current levels
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI's Julian Emanuel wants to put money to work.He calls the market environment very ugly, but he believes the economy will avert a recession —…
Palantir CEO weighs in on the Ukraine war: ‘The lesson for every big country is holy
Alex Karp, CEO of Palantir arrives ahead of a "Tech For Good" meetup at Hotel Marigny in Paris on May 15, 2019, held to discuss good conduct for technology giants.Bertrand Guay | AFP | Getty ImagesPalantir CEO Alex Karp believes that the…
Russia was invading, so a Ukrainian converted his life savings of $10,500 into
A Kyiv resident said he converted his $10,500 in life savings into a crypto-token called terra, but lost most of it after terra crashed.STR/NurPhoto via Getty ImagesA Kyiv resident wanted to protect his life savings to avoid risks from…
Snap stock falls 30% after Snapchat parent says it will miss estimates due to
Snap Inc. stock fell more than 30% in the extended session Monday after the Snapchat parent said it likely will miss quarterly estimates as the economy has “deteriorated further and faster than anticipated.” Snap…
OPEC is on the wrong side of history in sticking with Russia, Ukraine’s Naftogaz CEO says
Naftogaz CEO Yuriy Vitrenko says OPEC is on the wrong side of history in choosing to stick with Russia.Future Publishing | Future Publishing | Getty ImagesThe chief executive of Ukrainian state energy giant Naftogaz says oil producer…
Labour attacks ‘obscene’ waste of funds on little-used export helpline
Labour has accused the government of an obscene waste of money, after it emerged that an export hotline set up to help businesses took fewer than 3,000 calls in its first five months of operation.The call centre company Hinduja Global…
Saudi Arabia signals support for Russia’s role in Opec+ as sanctions pressure mounts
Saudi Arabia has signalled it will stand by Russia as a member of the Opec+ group of oil producers despite tightening western sanctions on Moscow and a potential EU ban on Russian oil imports.Prince Abdulaziz bin Salman, the…
Ukraine forces prepare for possible attack on Belarusian border
Ukrainian forces have built a new line of defences along the country’s previously unfortified northern border with Belarus amid signs of another attack.Russian forces invaded Ukraine through the Belarusian border in February when they…