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Business
Wall Street Started Slightly Higher on New Trading Day
The stock markets in New York opened slightly higher on Thursday, so the losses from a day earlier did not continue. The strong rally on Wall Street from the beginning of this week has come to an end for the time being.
Investors…
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Business Activity Down, Recession in Europe Imminent
Corporate activity in the eurozone continued to decline last month. This is according to final figures from research firm S&P Global. A recession in Europe also seems imminent.
Some economists even think that part of the…
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EU Expands Tax Haven Blacklist by Three Countries
The EU has expanded its blacklist of countries considered tax havens to include Anguilla, the Bahamas and the Turks and Caicos Islands.
It now lists 12 countries or territories that EU finance ministers say are not cooperating in…
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Sky-High Inflation in Turkey Rises Even Further
Turkey's long-standing sky-high inflation rose further in September. The cost of living in the country is now 83.5 percent higher than a year ago; in August, the increase was over 80 percent.
Currency depreciation in Turkey is at…
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Reuters: OPEC+ Considers Pumping Significantly Less Oil
The alliance of oil countries OPEC and allies such as Russia and Kazakhstan are considering significant cuts in oil production. This reports Reuters news agency based on insiders.
OPEC+, as the countries are called together, OPEC+…
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OPEC+ Oil Alliance to Physically Reunite for the First Time in Years
The countries of the OPEC+ oil alliance will meet again physically about production for the first time since March 2020, when the corona pandemic had just broken out.
The meeting at the OPEC headquarters in the Austrian capital…
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UK Emergency Talks on Budget Plans
British Prime Minister Liz Truss and Chancellor of the Exchequer Kwasi Kwarteng will meet with the independent British budget watchdog on Friday.
The UK government is committed to reassuring financial markets after days of chaos…
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UK Central Bank Intervenes in Bond Market After Budget Turmoil
The central bank of the United Kingdom intervenes in the bond market to bring down the sharply increased yields on British government bonds.
It has rapidly become more expensive for the British government to borrow amid concerns…
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