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US gross domestic product, the broadest measure of economic activity, decreased at an annualized rate of 1.5% between January and March, adjusted for seasonal swings, according to the second estimate of the data. Some economists fear this could mean the nation might be headed for another recession, commonly defined as two quarters of declines in...
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A money exchange vendor counts U.S. dollar banknotes next to Lebanese pounds at a currency exchange shop in Beirut, Lebanon May 24, 2022. REUTERS/Mohamed Azakir Register now for FREE unlimited access to Reuters.com Register BEIRUT, May 26 (Reuters) – Lebanon’s pound traded at a record low of more than 35,000 to the dollar on Thursday,...
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 ‘Kudlow’ host reflects on fossil fuels and the left’s environmental policies. Of course, people have been asking me, “Are we in a recession?” or “When are we going into recession?” Here is my answer.  If President Joe Biden ever succeeded with his woke, climate, fossil-free progressive agenda, he will put the American economy into a...
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Mariupol official says first cargo ship to depart port in coming days Smoke rises behind buildings as Russian attacks continue in Ukraine’s besieged port city of Mariupol. Anadolu Agency | Anadolu Agency | Getty Images A Russian-backed official in the occupied Ukrainian port of Mariupol said the first ship to leave since pro-Russian forces completed...
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America’s entrepreneurial equity crisis is hurting the economy | Fortune … Read more…
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The rupee appreciated 5 paise to 77.52 against the U.S. dollar in the opening trade on May 25 as a firm trend in domestic equities boosted investor sentiments. However, surging global crude prices and unabated foreign capital outflows capped the appreciation bias in the local unit, forex traders said. At the interbank foreign exchange, the...
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USA finance and payments live updates: Bitcoin drops, $400 monthly check car owners, Child Tax Credit 2022, S.  AS USA Read more…
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The world’s 13 largest commodities traders have pledged to act on deforestation caused by commodities they control. Trading with tens of thousands of farmers around the world, no solution to deforestation is envisageable without them. ESG finance could be one solution to the need to provide transition funding to farmers. Last year, CEOs from the...
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China has pledged tax cuts and infrastructure spending to support economic growth, as economists poured doubt on a strong rebound for the world’s second-largest economy as long as lockdowns persist. Beijing will increase annual tax cuts by more than 140 billion yuan ($21bn) to 2.64 trillion yuan, offer tax rebates to more economic sectors, and...
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Dollar and Naira The Naira on Monday exchanged at 420.23 to the dollar at the Investors and Exporters window, compared to 419.02 traded on Friday, representing 0.31 per cent depreciation. The open indicative rate closed at N418.54 to the dollar on Monday. An exchange rate of N444.00 to the dollar was the highest rate recorded...
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