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Economy
Russian court orders halt to Caspian oil pipeline but exports still flow
This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.CPC exports around 1.2 million barrels per dayPipeline's operations have been interrupted by stormsKazakhstan considers…
Wrong time to get bullish: Top investor warns deflating tech ‘bubble’ far from over
The recent tech rally may be doomed.Money manager Dan Suzuki of Richard Bernstein Advisors warns the market is far from bottoming — and it's a concept investors fail to grasp, particularly when it comes to growth, technology and…
Mitch McConnell says the labor shortage will be solved when people run out of stimulus
For over a year, lawmakers and businesses have been bemoaning how they can't find workers.Senate Minority…
Republican states are trying to use federal covid aid to cut taxes
In Florida and elsewhere, GOP leaders have sued to tap pandemic funds for tax cuts, defying the Biden administration July 5, 2022 at 6:00 a.m. EDTFlorida Gov. Ron DeSantis (R) after signing a $109.9 billion state budget bill that…
Raising interest rates is the wrong solution to the inflation problem, analyst says
Raising interest rates to tame demand — and therefore inflation — is not the right solution, as high prices have been driven mainly by supply chain shocks, one analyst said. Global manufacturers and suppliers have been unable to produce…
Why are UK fuel prices at a record high when cost of oil has fallen?
As fuel price protests block motorways in England and Wales, petrol prices have again hit a record high. That is despite a slight easing in sky-high wholesale costs for retailers, which had been blamed for the pain at the pumps. Why are…
Live news updates: Germany records first monthly trade deficit since 1991
Welcome to independence week. The big one — the celebration of 1776 and all that — kicks off across the US on Monday. But from Algeria to Venezuela, Argentina to South Sudan, disconnecting from former colonial powers is a strong theme —…
ECB to discuss blocking banks from multibillion-euro windfall as rates rise
The European Central Bank is looking at ways to stop banks earning billions of euros of extra profit from the ultra-cheap lending scheme it launched during the pandemic once it starts to raise interest rates later this month.The…
Inflation is making homelessness worse
Placeholder while article actions loadThe sheriffs arrived at 6 a.m. in early June to tell Josanne English what she already knew: She was being evicted.She’d lost her job as a project manager near Sacramento in April, then fallen behind…
Why Mexico is missing its chance to profit from US-China decoupling
When Donald Trump started a trade war with China in 2018, Mexico looked well placed to benefit. For American manufacturers scrambling to dodge newly imposed tariffs on Chinese imports, the attraction of moving production to their…