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Mexican currency under pressure over ratings downgrades

Mexican currency under pressure over ratings downgrades

The Mexican peso came under pressure this week as Fitch and Moody’s revised downwards their ratings of Mexico’s sovereign debt and national oil company Pemex. Since June 5, the currency has shed 1.5% of its…

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Oil Inventories Rise by 4.1M Barrels Last Week: API By Investing.com

Oil Inventories Rise by 4.1M Barrels Last Week: API By Investing.com

© Reuters. By Yasin Ebrahim Investing.com – U.S. crude stockpiles unexpectedly rose last week following a strong start to the week in oil prices amid global energy crunch in .  , the benchmark fell to…

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Trillions in infrastructure spending could mean hundreds of billions in fraud

Trillions in infrastructure spending could mean hundreds of billions in fraud

The U.S. government may be on the verge of spending as much as US$4.5 trillion in what could be one of the biggest investments in infrastructure and the social safety net in decades. The House…

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Meet the prehistoric eagle that ruled Australian forests 25 million years ago

Meet the prehistoric eagle that ruled Australian forests 25 million years ago

The parched deserts of the South Australian outback were once a rainforest filled with a rich variety of birds and animals. Now, thanks to a new fossil discovery, we know the apex predator of this…

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Brent tops $80 a barrel on tighter supplies By Reuters

Brent tops $80 a barrel on tighter supplies By Reuters

© Reuters. FILE PHOTO: An employee holds a sample of crude oil at the Yarakta oilfield, owned by Irkutsk Oil Co, in the Irkutsk region, Russia on March 11, 2019. REUTERS/Vasily Fedosenko/File Photo By Ahmad…

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How lawyers could prevent America’s eviction crisis from getting a whole lot worse

How lawyers could prevent America’s eviction crisis from getting a whole lot worse

Lawyers may be the only thing standing in the way of eviction for millions of renters. With the end of the federal Centers for Disease Control and Prevention’s eviction moratorium on Aug. 26, 2021, most…

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A grass native to Africa could transform the continent’s dairy yields. Here’s how

A grass native to Africa could transform the continent’s dairy yields. Here’s how

The cows kept by small-scale farmers in Africa are notoriously unproductive. The average dairy cow, for example, produces about 540 litres of milk per lactation. By contrast, dairy cows in North America that belong to…

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The distant cry of hawks? Fed begins tightening talk

The distant cry of hawks? Fed begins tightening talk

Federal Reserve vice-chair Richard Clarida said on August 4 that he expected the Fed will be ready to raise interest rates in early 2023. Clarida’s comments add to an intensifying discussion about when the Fed…

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Shift to EVs means huge ‘reskilling’ job for Europe

Shift to EVs means huge ‘reskilling’ job for Europe

© Reuters. FILE PHOTO: An electric powered taxi is seen being charged at a BP Pulse electric vehicle charging point in London, Britain, July 16, 2021. Picture taken July 16, 2021. REUTERS/Peter Nicholls By Nick…

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How Sen. Joe Manchin’s support for natural gas could derail Biden’s US climate plan

How Sen. Joe Manchin’s support for natural gas could derail Biden’s US climate plan

President Joe Biden has a goal for all U.S. electricity to come from zero-carbon sources by 2035. To get there, he’s counting on Congress to approve an ambitious package of incentives and penalties designed to…

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