Economic News
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Iran war sends shockwaves through African fuel market and economies
Rising global oil prices triggered by the Iran war are increasing economic pressures across Africa, where most countries rely heavily on imported petroleum products
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Trump’s ‘roaring’ economy meets a rough start to 2026: What the latest numbers show
President Donald Trump promised that 2026 would be a bumper year for economic growth
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Bahrain says Iranian drone attack has caused "material damage" to desalination plant.
Bahrain says Iranian drone attack has caused "material damage" to desalination plant.
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Russia sits back as the Iran war escalates, expecting long-term gains
As U.S. and Israeli missiles and bombs rain on Iran, Russia has responded with words of indignation — but no action to support its ally
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Oil surges to its highest price since 2023, and stocks drop after a weak update on the US job market
Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street’s worst week since October
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SK lays off nearly 1,000 workers at Georgia plant amid cooling automaker EV plans
Battery company SK laid off nearly 1,000 workers at a manufacturing plant in northeast of Atlanta on Friday amid changing consumer demand for EVs
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Retail sales fall modestly in January as American consumers pull back on spending
American consumers pulled back their spending to start 2026, extending the malaise in retail sales that began late last year
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The US lost a surprising 92,000 jobs last month as the unemployment rate ticked up to 4.4%
American employers unexpectedly cut 92,000 jobs last month, a sign that the labor market remains under strain
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A boost for Moscow in the shadow of Iran war: US allows India to buy Russian oil for a month
The U.S. Treasury Department’s decision to allow India to buy Russian oil for 30 days underscores a boost for Moscow's fortunes against the backdrop of the Iran war as Russia's oil export earnings help pay for its own war against Ukraine
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Maine's catch of lobster declines again as high costs and climate change impact industry
Maine’s catch of lobsters has declined for the fourth straight year as the industry continued to grapple with soaring business costs, inflation and a changing ocean
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