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Stocks slide on Ukraine woes, oil storms back above $100 Russia's equity markets remained suspended and some bond trading platforms were no longer showing prices, but dealing in the major financial centres both in Europe and in Asia overnight was orderly, albeit jittery.
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Oil prices soar as Ukraine conflict stokes supply concerns LONDON, March 1 (Reuters) - Oil prices surged on Tuesday as concerns over supply disruptions after Russia's invasion of Ukraine and related sanctions outweighed talks of a coordinated global crude stocks release. May Brent crude futures were up $5.14, ...
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Countries rush to release emergency reserves as oil prices soar. As oil prices soared in the sharpest one-day jump since Russia's invasion of Ukraine last week, more than two dozen countries agreed on Tuesday to release 60 million barrels of oil from their emergency reserves, aiming to send a "strong message" that ...
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Within Days, Russia's War on Ukraine Squeezes the Global Economy In the span of just a few days, the global economic outlook has darkened while troops battled in Ukraine and unexpectedly potent financial sanctions rocked Russia's economy and threatened to further fuel worldwide inflation. The price of oil, ...
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Shell Quits Russia, Joining BP as Oil Giants Object to Attack on Ukraine Shell, Europe's largest oil company, said on Monday that it would exit its joint ventures with Gazprom, the Russian natural gas giant. · That's all over now.
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Supply problems linked to war in Ukraine hurt European car plants. Shortages of auto parts made in Ukraine are bringing assembly lines in Europe to a halt, a sign that the disruption to Europe's economy from the Russian invasion could be greater than expected. Volkswagen, Europe's largest carmaker, said Tuesday that ...
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Top Estée Lauder Executive Forced Out for Racist Instagram Post Estée Lauder said on Monday that it had asked John Demsey, a top executive at the beauty giant, to leave the company after he posted a meme containing a racial slur on his Instagram account. "This decision is the result of his recent Instagram posts, ...
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Avangrid, Exelon among 90+ organizations joining DOE challenge to slash carbon emissions 50% by 2032 Leaders from nearly all sectors of the U.S. economy met virtually on Monday to kick of the DOE's latest carbon reducing program: a data-sharing challenge in which participants commit to cutting operational emissions by 50% within a decade.
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Target is raising its minimum wage to as much as $24 an hour The wage increase is a part of a $300 million investment in pay and benefits. The company also said it would expand employee access to health care. Hourly employees who work an average of at least 25 hours a week will become eligible for a Target medical ...
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Demand for Covid-19 testing is falling, but experts caution it's as important as ever As the United States emerges from the Omicron wave, Covid-19 testing has slowed to a fraction of what it was at the beginning of the year. In mid-January, as daily case counts reached their peak, about 2.5 million tests were processed each day in the ...
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