US economic growth is set to outpace China this year for the first time since 1976, Bloomberg reported on Friday, citing economists. According to the publication, the lingering effects of the Covid-19 pandemic and recurring outbreaks throughout the country mean that its economic growth will stall, despite Beijing’s fiscal, monetary …
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Beijing is in discussions with Moscow to buy additional oil supplies, Bloomberg reported this week, citing people with knowledge of the plan. China is seeking to replenish its storage tanks with discounted Russian crude before prices rise again, they said. According to the sources, who asked not to be named, …
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Germany and Italy have allowed national companies to open ruble accounts in Russia’s Gazprombank to comply with the new natural gas payment scheme and avoid a supply cut-off, Reuters reported on Friday, citing sources. The move comes after Poland, Bulgaria and most recently Finland refused to accept Russia’s new payment …
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Wheat prices have surged to record highs over the past two months as major producers like Russia, Kazakhstan and India scrapped exports to protect their domestic markets. This has sparked fears of food insecurity and hunger around the world. According to experts who spoke to Russia’s Izvestia newspaper, since the …
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The latest spread of the monkeypox virus has prompted The World Health Organization (WHO) to convene an emergency meeting, Britain’s Telegraph newspaper reported on Friday. The disease, which is typically confined to forested areas of western and central Africa, has been spreading rapidly in a number of European countries, as …
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The US is considering granting Belarus a six-month waiver from sanctions imposed on its potash industry last year, in exchange for opening up the railroads to start shipping grain from Ukraine to Lithuania, the Wall Street Journal has reported, citing unnamed US officials. The sanctions were slapped on Minsk over opposition protests …
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Italian Foreign Minister Luigi Di Maio has presented a peace plan for Ukraine to UN Secretary-General Antonio Guterres, La Repubblica reported. The plan, which would see Ukraine and Russia declare a ceasefire and resolve their territorial disputes under the supervision of international monitors, faces several stumbling blocks, including Kiev’s insistence …
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Ukrainian officials are becoming increasingly frustrated with the Biden administration’s failure to supply Kiev with US-made long-range multiple launch rocket systems, Politico reported on Wednesday. According to the article, citing three unnamed officials “familiar with the issue,” even though the Ukrainian government has been soliciting the delivery of the US-made …
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For the first time, the Israeli Air Force’s (IAF) major ‘Chariots of Fire’ exercises will include practice drills for a “wide-scale strike in Iran,” the Times of Israel reported on Tuesday, citing sources. The drills over the Mediterranean Sea will begin on May 29th during the fourth and final week …
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Turkey has blocked NATO accession talks with Finland and Sweden on Wednesday, several media outlets have reported. Representatives of the military bloc’s member states have gathered seeking to open the negotiations just hours after both nations officially submitted their applications. However, Ankara has reportedly stopped the vote on the start of …
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