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U.S. EPA sends biofuel blending mandate rule to White House for final review By Reuters

U.S. EPA sends biofuel blending mandate rule to White House for final review By Reuters

© Reuters. FILE PHOTO: The White House is seen the morning after U.S. President Joe Biden returned from a trip to Brussels and Poland to meet with NATO leaders in Washington, U.S., March 27, 2022.…

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Fed hopes for ‘soft landing’ for the US economy, but history suggests it won’t be able to prevent a recession

Fed hopes for ‘soft landing’ for the US economy, but history suggests it won’t be able to prevent a recession

The Federal Reserve will likely soon learn what gymnasts already know: sticking a landing is hard. With inflation surging to a new 40-year high and continuing to accelerate, the Fed is expected to lift interest…

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EMEs can resist spillovers with prudential policy – BoE paper

EMEs can resist spillovers with prudential policy – BoE paper

Emerging market economies (EMEs) can dampen the effects of shocks emanating from US monetary policy if they implement tighter prudential policies, new research published by the Bank of England finds. Andra Coman of the European…

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Oil falls on China growth concerns even as EU weighs Russia import ban By Reuters

Oil falls on China growth concerns even as EU weighs Russia import ban By Reuters

© Reuters. Storage tanks are seen at Marathon Petroleum’s Los Angeles Refinery, which processes domestic & imported crude oil into California Air Resources Board (CARB), gasoline, diesel fuel, and other petroleum products, in Carson, California,…

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Nigerian workers struggle as cost of living outstrips incomes

Nigerian workers struggle as cost of living outstrips incomes

Food inflation in Nigeria increased by 15% during the 11 months from April 2021 to March 2022, adding pressure on the cost of living for salary earners whose incomes have not risen for close to…

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We’ve created a device that could allow instant disease diagnosis – while fitting inside your phone lens

We’ve created a device that could allow instant disease diagnosis – while fitting inside your phone lens

Infectious diseases such as malaria remain a leading cause of death in many regions. This is partly because people there don’t have access to medical diagnostic tools that can detect these diseases (along with a…

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Suez Canal sees record monthly revenue in April on higher traffic By Reuters

Suez Canal sees record monthly revenue in April on higher traffic By Reuters

© Reuters. FILE PHOTO: A shipping container passes through the Suez Canal in Suez, Egypt February 15, 2022. Picture taken February 15, 2022. REUTERS/Mohamed Abd El Ghany ISMAILIYA, Egypt (Reuters) -Egypt’s Suez Canal recorded its…

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A gloomy May Day awaits Nigerian workers

A gloomy May Day awaits Nigerian workers

Imagine you live alone and walk into a local food market in Lagos, the Nigerian commercial capital, to buy a week’s worth of basic food items. In less than 15 minutes, you would find that…

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Second Hong Kong sukuk oversubscribed by 100%

Second Hong Kong sukuk oversubscribed by 100%

Market demand for Hong Kong’s second-ever sukuk exceeded the amount on offer by a two-to-one margin, pushing the Islamic debt instrument’s coupon below 2% at a time when global bond markets are witnessing a rise…

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Blasting out Earth’s location with the hope of reaching aliens is a controversial idea – two teams of scientists are doing it anyway

Blasting out Earth’s location with the hope of reaching aliens is a controversial idea – two teams of scientists are doing it anyway

If a person is lost in the wilderness, they have two options. They can search for civilization, or they could make themselves easy to spot by building a fire or writing HELP in big letters.…

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