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Economy
Oil executives barred from leaving Peru after massive spill
The travel ban will last for 18 months, according to Judge Romualdo Aguedo. It applies to four employees of the Spanish energy and oil company Repsol: the general manager of La Pampilla refinery, Jaime Fernández-Cuesta, and three company…
China’s steel mill owners are in a bad mood as demand takes a hit
Steel mill owners in parts of China are in a bad mood, Beijing-based commodities consultant Simon Wu said.Steel inventories are slowly piling up in the warehouses of the country's biggest steelmaking hub, the northeastern city of…
Europe’s Russian Oil Ban Could Mean a New World Order for Energy
HOUSTON — The European Union’s embargo on most Russian oil imports could deliver a fresh jolt to the world economy, propelling a realignment of global energy trading that leaves Russia economically weaker, gives China and India…
‘It won’t be easy’: the European exporters battling Brexit bureaucracy
For more than two decades, Unexport has shipped millions of kilograms of produce annually from farms in the southern Spanish region of Murcia to clients in the UK. Brexit has transformed the relatively straightforward process into a…
For wealthy New Yorkers, inflation protection is in the bag
Oui oui, you can beat inflation!
Shrewd and trendy shoppers are snatching up Chanel bags and purses in hopes of keeping their cash from losing value amidst staggering inflation.
“My husband bought me one…
Biden to meet Fed chair as inflation bites pocketbooks
WASHINGTON (AP) — President Joe Biden is set to meet with Federal Reserve Chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks.The meeting Tuesday will be the first since Biden renominated Powell to lead…
El Salvador’s $425 million bitcoin experiment isn’t saving the country’s finances
A bystander uses a Bitcoin ATM in San Salvador, El Salvador, on May 16, 2022.Alex Pena | Anadolu Agency | Getty ImagesEl Salvador bet its economic salvation on bitcoin, but so far the gamble isn't paying off like President Nayib Bukele…
To avoid ‘historic shellacking’ in midterms, Biden is promoting a sunny view of US
As he celebrated the impressive May jobs report on Friday, Joe Biden went to great lengths to paint a rosy picture of the US economy. While acknowledging the difficult reality of high prices caused by near record-high inflation, Biden…
U.S. Job Growth Remains Solid in June: Live Updates
The economy added 372,000 jobs in June, a hotter-than-expected boost to the labor market that may ease worries of an impending…
World Bank warns global economy may suffer 1970s-style stagflation
Placeholder while article actions loadThe global economy may be headed for years of weak growth and rising prices, a toxic combination that will test the stability of dozens of countries still struggling to rebound from the pandemic, the…