Economic News
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US stocks sink on worries about a possible hike to interest rates this year by the Federal Reserve
U.S. stocks dropped on speculation the Federal Reserve may raise interest rates this year to keep a lid on inflation
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US tells states to deal with unemployment fraud or face penalties
The U.S. Department of Labor is telling states they have to combat fraud, waste and abuse in their unemployment insurance programs
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China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America
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Japanese fair trade officials raid 6 ice cream makers on suspicion of price fixing
Six major Japanese ice cream makers have been raided by the government fair trade watchdog officials on suspicion of price fixing
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Canada's Carney isn't having a bilateral meeting with Trump at G7 but says it's not a snub
Canadian Prime Minister Mark Carney will leave the G7 summit without a formal meeting with U.S. President Donald Trump as the free trade agreement between the countries faces an uncertain future
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Higher prices for gas, groceries and flights will likely outlast the Iran war
Economists and industry analysts say that even after oil starts flowing again from the Middle East, it could take awhile for the Iran war's effects on consumer prices to recede
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Iran war is a wake-up call for Southeast Asia's energy sector, IEA report says
The International Energy Agency says Southeast Asia’s power sector is too open to risks from its dependence on imports of oil and gas from a limited number of suppliers
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Bank of Japan raises its key interest rate to a three-decade high of 1%, citing inflation
The Bank of Japan has raised its benchmark interest rate to 1%, citing challenges stemming from a weak Japanese yen and higher prices
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All eyes turn to Fed chair Kevin Warsh and his first moves on interest rates
Ever since Kevin Warsh was nominated by President Trump in late January to lead the Federal Reserve, a question has lingered: Will he seek to raise interest rates to tame inflation or cut them as Trump has long demanded
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China Shock 2.0: Surging Chinese exports threaten Europe's economy, raising concern at G7 summit
For eight years, the United States has waged economic war on China, slapping big taxes on Chinese products before they enter America
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