Economic News
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Oil and gas prices to remain high in Europe at least until the end of 2027, officials say
European Union officials say that Europeans can expect oil and gas prices to remain above what they were before the Iran war for at least until the end of 2027
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Trump eases refrigerant rule in a bid to address surging grocery costs
The Trump administration is loosening a federal rule that requires grocery stores and air-conditioning companies to reduce greenhouse gases used in cooling equipment
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Average US long-term mortgage rate climbs to 6.51%, highest level in nearly nine months
The average long-term U.S. mortgage rate climbed this week to its highest level in nearly nine months, driving up borrowing costs for homebuyers during what’s traditionally the housing market’s busiest time of the year
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United Nations' top court says right to strike is protected by a key labor treaty
The United Nations’ top court has issued a landmark advisory opinion that says the right to strike is protected by a cornerstone labor treaty
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United Nations' top court issues advisory opinion saying the right to strike is protected by key labor treaty
United Nations' top court issues advisory opinion saying the right to strike is protected by key labor treaty
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Taiwan prosecutors investigate 3 people over Nvidia chip smuggling to China
Authorities in Taiwan are investigating three people for allegedly using forged documents to smuggle computer servers with advanced Nvidia chips to China
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US jobless aid filings fell to 209,000 last week as layoffs remain low despite economic uncertainty
Fewer Americans filed for jobless aid last week as layoffs remain low despite a number of uncertainties that continue to cloud the economy
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Energy shock from Iran war to weigh on Europe's growth, boost inflation
The European Union’s executive commission has cut its growth outlook and predicted higher inflation due to sharply higher energy prices from the war in Iran
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Ukraine ally Britain eases new sanctions on Russian oil as fuel prices surge over Iran war
Prime Minister Keir Starmer insists that Britain’s support for Ukraine remains strong, despite the U.K. delaying some new sanctions on Russian oil
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Putin and Xi hail their friendship and growing energy trade at their meeting in Beijing
Chinese leader Xi Jinping and Russian President Vladimir Putin have hailed their strategic ties and energy trade during a meeting in Beijing
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