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The world’s top oil traders warned that the ongoing closure of the Strait of Hormuz is increasing the risk of a global recession as fuel-demand takes a hit.
Source
Bloomberg Markets
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Cherfilus-McCormick was indicted in November in Miami federal court on charges accusing her of stealing $5 million in Covid-19 disaster funds.
Such a move would provide liquidity in dollars to the oil-rich UAE, but could be politically tenuous for the administration amid higher prices at home.
In one instance, train fares are being inflated from $26 to $150.
Paraguay’s central bank held its benchmark interest rate unchanged for a second-consecutive month at 5.5% amid a stable inflation outlook.
