Economic News
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Iran war is straining African airlines, industry body warns
The war in Iran is driving up jet fuel prices, worsening supply strains for African airlines
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Iranians endure war fatigue and soaring prices as conflict deepens domestic woes
Iranians are living between confusion and exhaustion as the country and its economy are squeezed between war and multiplying crises at home
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Macron once had a knack for managing Trump. The G7 may test it
The relationship between U.S. President Donald Trump and French President Emmanuel Macron began with a handshake nearly a decade ago
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Foreign workers say they were paid less than $2 an hour to build a new US Consulate in Milan
Foreign workers building a sprawling $350 million American Consulate in Milan say they were paid less than $2 an hour after being promised fair wages
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Argentina's inflation slows to 8-month low in a boost for President Milei
Economic data has shown Argentina’s inflation slowing for the second straight month in May
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US stocks jump to their best day in 2 months on hopes for a deal to get crude flowing globally again
U.S. stocks rallied to their best day in two months, and oil prices fell after President Donald Trump called off his threat to bomb Iran in the evening
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Average US long-term mortgage rate rises to 6.52%, just below its high for the year
The average long-term U.S. mortgage rate ticked up this week to just below its high for the year, the latest sign that borrowing costs on home loans remain elevated relative to where they were before the war with Iran started
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US producer prices spike in May as soaring energy prices fuel largest yearly jump since 2022
U.S. producer prices climbed last month at the fastest pace since November 2022, fueled by surging energy prices
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Brazil reports drop in Amazon deforestation rates, pushing back on US tariff accusations
Brazilian officials have announced a significant drop in deforestation rates
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Citing fallout from Iran war, World Bank cuts forecast for global economic growth
The economic fallout from the Iran war — higher energy prices and increased uncertainty — will drag down global growth this year, the World Bank said Thursday
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