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Turkey halts oil not subject to Russian sanctions, raising concerns over global energy market supply

Turkey halts oil not subject to Russian sanctions, raising concerns over global energy market supply

Cargo ships and ships pass through the Bosphorus Strait, a body of water connecting the Black Sea to the Sea of ​​Marmara and the Mediterranean Sea via Istanbul, Turkey. Above, the Russian-flagged Volga River Taganrog tanker cruises through the Bosphorus Strait in October 2022. Nurphoto | Nurphoto | Getty Images Tankers full of Kazakh oil …

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Turkey halts oil not subject to Russian sanctions, raising concerns over global energy market supply

Turkey halts oil not subject to Russian sanctions, raising concerns over global energy market supply

Cargo ships and ships pass through the Bosphorus Strait, a body of water connecting the Black Sea to the Sea of ​​Marmara and the Mediterranean Sea via Istanbul, Turkey. Above, the Russian-flagged tanker Volga River Taganrog passes south through the Bosphorus Strait in October 2022. Nurphoto | Nurphoto | Getty Images Tankers full of Kazakh …

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Europe First: Brussels is preparing to give up its ideals of free trade

Europe First: Brussels is preparing to give up its ideals of free trade

The last great defender of rules-based open commerce — the European Union — is about to fall. It happens in slow motion and the impact will be painful. If the world’s largest trading bloc abandons the concept of free trade, the entire global economy will suffer. But such an outcome looks increasingly likely, as the …

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Currency swap debt is an $80 trillion global regulator, says 'blind spot'

Currency swap debt is an $80 trillion global regulator, says ‘blind spot’

LONDON, Dec 5 (Reuters) – Pension funds and other “non-bank” financial firms hold more than $80 trillion in hidden off-balance sheet dollar debt in foreign exchange swaps, the Bank for International Settlements (BIS) said. ). The BIS, dubbed the central bank of central banks around the world, also said in its latest quarterly report that …

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Factory orders from China down 40% in relentless slump in demand

Factory orders from China down 40% in relentless slump in demand

Aerial view of containers stacked at Qinzhou Port on August 15, 2022 in Qinzhou, China’s Guangxi Zhuang Autonomous Region. China News Service | Getty Images U.S. logistics officials are bracing for delays in the delivery of goods from China in early January due to canceled container ship departures and export transfers by ocean carriers. Carriers …

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Brexit Britain stuck in the middle as US and EU go to war over trade

Brexit Britain stuck in the middle as US and EU go to war over trade

Press play to listen to this article Expressed by artificial intelligence. LONDON — Three years after leaving the EU to chart its own course, Britain finds itself caught between two economic behemoths in a brewing transatlantic trade war. In one corner is the United States, whose Congress passed the Biden administration’s vaunted $369 billion green …

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Brits start thinking about Brexit again as economy slides into recession

Brits start thinking about Brexit again as economy slides into recession

Anti-Brexit protester Steve Bray (L) and a pro-Brexit protester argue as they demonstrate outside Houses of Parliament in Westminster on January 08, 2019 in London, England. JackTaylor | Getty Images News | Getty Images The UK’s growth prospects are even lower than those of Germany, whose economy is particularly exposed to rising energy prices due …

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EU plans subsidy war chest as industry faces 'existential' threat from US

EU plans subsidy war chest as industry faces ‘existential’ threat from US

Press play to listen to this article Expressed by artificial intelligence. The EU is in emergency mode and preparing a major subsidy campaign to prevent European industry from being wiped out by US rivals, two senior EU officials have told POLITICO. Europe faces a double hammer blow from the United States If it weren’t enough …

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Singapore minister says country will not take sides as there is no win-win scenario in a fractured world

Singapore minister says country will not take sides as there is no win-win scenario in a fractured world

Singapore will not take sides in geopolitical disputes and will instead take pro-rule of law stances, the country’s Education Minister Chan Chun Sing said in his keynote address at the Morgan Stanley Asia-Pacific Summit on Wednesday. Singapore. He said the world should remain interdependent despite breaking pressures, because any kind of divide would make individual …

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