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Facing calls to resign, World Bank’s Malpass changes answer on climate crisis

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – Under pressure to resign for declining to say whether he accepts the scientific consensus on global warming, World Bank President David Malpass said on Thursday it was clear greenhouse emissions are causing climate change and defended his record as bank chief …

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Yellen says Russia offering ‘enormous discounts’ on oil to China, India

US Treasury Secretary Janet Yellen holds a news conference in the Cash Room at the US Treasury Department in Washington, US July 28, 2022. REUTERS/Jonathan Ernst/File Photo Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 22 (Reuters) – A planned Western price cap on Russian oil is already making a difference, US …

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US Treasury says some satellite internet equipment can be exported to Iran

Register now for FREE unlimited access to Reuters.com Register WASHINGTON, Sept 20 (Reuters) – The US Treasury Department said on Tuesday some satellite internet equipment can be exported to Iran, suggesting that SpaceX CEO Elon Musk may not need a license to provide the firm’s Starlink satellite broadband service in the country. Musk said on …

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Ecuador reaches deal with China to restructure debt

Ecuador’s President Guillermo Lasso speaks during the Leaders’ Second Plenary Session during the Ninth Summit of the Americas in Los Angeles, California, US, June 10, 2022. REUTERS/Lauren Justice/File Photo/File Photo Register now for FREE unlimited access to Reuters.com Register Sept 19 (Reuters) – Ecuador has reached an agreement to restructure its debt with Chinese banks, …

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Oil dips on recession fears; supply concerns limit declines

Crude oil storage tanks are seen in an aerial photograph at the Cushing oil hub in Cushing, Oklahoma, US April 21, 2020. REUTERS/Drone Base Register now for FREE unlimited access to Reuters.com Register SINGAPORE, Sept 19 (Reuters) – Oil prices dipped on Monday as fears of a global recession caused concerns that fuel demand growth …

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Frugal is the new cool for young Chinese as economy falters

BEIJING, Sept 19 (Reuters) – Before the pandemic, Doris Fu imagined a different future for herself and her family: new car, bigger apartment, fine dining on weekends and holidays on tropical islands. Instead, the 39-year old Shanghai marketing consultant is one of many Chinese in their 20s and 30s cutting spending and saving cash where …

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EU regulator backs wider use of AstraZeneca COVID therapy

People pose with syringe with needle in front of displayed AstraZeneca logo in this illustration taken, December 11, 2021. REUTERS/Dado Ruvic/Illustration/Files Register now for FREE unlimited access to Reuters.com Register Preventative drug Evusheld now backed for treating COVID Experimental RSV treatment also endorsed for infant use LONDON, Sept 16 (Reuters) – Europe’s medicines regulator has …

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ECB to inflict pain as it hikes rates into next year, economist says

Register now for FREE unlimited access to Reuters.com Register WEXFORD, Ireland, Sept 17 (Reuters) – The European Central Bank could raise interest rates into next year, causing pain for consumers as it tries to depress demand that is now increasingly adding to sky high inflation, chief economist Philip Lane said on Saturday. With inflation approaching …

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Bank holdups snowball in Lebanon as depositors demand their own money

Register now for FREE unlimited access to Reuters.com Register Five more depositors hold up banks to access their money Depositors cash out $60,000, only some in custody Banks announced three-day closure over security concerns Frustration over frozen savings, spiraling crisis BEIRUT, Sept 16 (Reuters) – Five Lebanese banks were held up by depositors seeking access …

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Wall St Week Ahead: As markets churn, investors hide in cash despite surging inflation

A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, US December 28, 2016. REUTERS/Andrew Kelly Register now for FREE unlimited access to Reuters.com Register NEW YORK, Sept 16 (Reuters) – A tough year in markets is leading some investors to seek refuge in cash, …

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