Growth in world trade in goods will slow down markedly to 1.9% this year from 4.6% in 2025 and could decelerate even more if the Middle East war continues to push energy prices higher and disrupt global transport, a World Trade Organization report said Thursday.
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European Central Bank holds rates steady, warns outlook is 'significantly more uncertain'
The war in Iran has upset the economic equilibrium Europe threatening energy supplies, growth and the outlook for consumer prices, upsetting economic forecasts.
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Traders now see little chance of an interest rate cut this year following Fed decision
All of the positive economic talk out of this week's Federal Reserve meeting had a negative impact on investors
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Central Banks Stand Ready to Tackle War-Led Inflation
As the U.S. and Israel's war with Iran intensifies after major attacks on energy infrastructure, central bank meetings have become the stage for policymakers to unite in flagging the prospect of accelerating inflation due to soaring energy prices.
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Bessent: US May Lift Sanctions on Stranded Iranian Oil
The U.S. may soon remove sanctions from Iranian oil that is stranded on tankers to help lift global supplies and reduce prices, U.S. Treasury Secretary Scott Bessent said Thursday.
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Oil Surges Past $118 as Supply Fears Shake Markets
Oil prices pushed higher Thursday while stock markets across Asia declined, as escalating attacks on major energy facilities in Iran and Qatar heightened concerns about global supply disruptions, The New York Times reports.
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