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  • 02, May 2022

    Tanker strike worsens fuel woes in crisis-hit Sri Lanka

    COLOMBO: A strike by owners of fuel tankers over the weekend renewed Sri Lanka’s long queues for diesel and petrol on Monday as pumps ran dry, compounding the island nation’s economic and energy crisis.

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  • 02, May 2022

    Qantas to launch longest non-stop passenger flight

    SYDNEY: Qantas announced on Monday it will launch the world’s longest non-stop commercial flight, with passengers set to spend 19 hours in the air travelling from Sydney to London by the end of 2025.

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  • 02, May 2022

    US manufacturing sees surprise slowdown as China lockdowns bite

    WASHINGTON: US factory activity last month dropped to its lowest level since July 2020 as supply chain snarls intensified amid a new wave of pandemic lockdowns in China, an industry survey said Monday.

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  • 01, May 2022

    Warren Buffett details spending spree, takes jabs at Wall Street

    OMAHA: The billionaire finance guru Warren Buffett, who complained recently that he did not know where to put his money, said Saturday he has invested billions of dollars so far this year, even as he took jabs at Wall Street.

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  • 01, May 2022

    Experts see harsh realities ahead for Musk at Twitter

    SAN FRANCISCO: Tesla boss Elon Musk’s road to turning Twitter into a money-making platform where anyone can say anything looks to experts like a tough one.

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  • 01, May 2022

    Fed gears up to attack inflation as US recession fears grow

    WASHINGTON: The Federal Reserve this week is set to redouble its assault against record US inflation while facing an array of shocks both internal and external that analysts fear may one day put the world’s largest economy into a recession.

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  • 30, April 2022

    Eurozone economy hit by Ukraine war fallout as production declines

    KUWAIT: The eurozone economy felt the fallout from the Ukraine war as output slowed and inflation stayed at record levels, official data showed Friday, imperiling Europe’s recovery from the pandemic.

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  • 30, April 2022

    Boosted by oil prices, ExxonMobil, Chevron throw cash at investors

    LOS ANGELES: ExxonMobil and Chevron reported soaring profits Friday despite lower oil and natural gas volumes as the petroleum giants return billions of dollars to shareholders in the wake of lofty crude prices and refining margins.

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  • 30, April 2022

    Indonesia’s palm oil export ban heats up vegetable oil market

    JAKARTA: Indonesia’s decision to suspend palm oil exports in the face of domestic shortages has pushed vegetable oil prices to new highs, further tightening a market already on edge due to the war in Ukraine and global warming.

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