Introducing a central bank digital currency (CBDC) would accentuate the contractionary effects of monetary policy shocks, a study by the Bank of Canada has found. The authors – researchers Saroj Bhattarai, Mohammad Davoodalhosseini and Zhenning…
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(Reuters) -Safety at Ukraine’s Zaporizhzhia nuclear power plant is deteriorating following a drone strike that hit a perimeter access road on Saturday, according to International Atomic Energy Agency (IAEA) director general Rafael Mariano Grossi. The…
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One huge question for the future of the global economy is how oil will be affected by the transition to net zero. Any energy economist will tell you that predicting oil prices is something of…
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According to the infamous myth, groups of lemmings sometimes run off cliffs to their collective doom. Imagine you are one of these rodents: on a sunny day you join your companions in a joyous climb…
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By Promit Mukherjee OTTAWA (Reuters) – Canadian Pacific (NYSE:) Kansas City said on Saturday it would halt any new rail shipments originating in Canada, and all new U.S. shipments destined for Canada starting on Tuesday…
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It is the job of the government to keep a country’s economy in check. But sometimes policies don’t work out as planned. Governments often take economic decisions that follow specific political agendas, and these decisions…
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By Arathy Somasekhar HOUSTON (Reuters) -Autry Stephens, the billionaire founder and chairman of Endeavor Energy Resources, has died aged 86, the company disclosed on Friday, after a prolonged battle with cancer. Stephens died early on…
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Before the general election, former prime minister Rishi Sunak was asked on TV why he “hated pensioners”. After her recent speech in parliament, the same question might be directed at Chancellor Rachel Reeves. She has…
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A supermoon may sound exciting, but it’s a modest coincidence. As the Moon orbits Earth, its distance from us varies from 357,000 to 407,000 kilometres. When the Moon and the Sun are in almost opposite…
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By Mrinalika Roy (Reuters) – Small-scale cannabis farmers in California are calling it quits, crushed by crop damage from devastating wildfires and sliding prices, and industry experts expect the exodus to continue near-term in the…
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