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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Bank of England votes unanimously to keep rates on hold as Iran war clouds outlook
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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Jobless Claims Unexpectedly Fall Amid Low Layoffs
The number of Americans filing new applications for unemployment benefits unexpectedly fell last week, pointing to stable labor market conditions and a rebound in job growth in March.
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Europe Must Secure Its Energy Alongside the US
Under the pressure of extreme energy prices, the ideologically driven miscalculations of the EU-and Germany in particular-are revealing their fatal, destructive magnitude.
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