US Issues Business Advisory for Sudan

The United States government issued a business advisory cautioning American businesses and individuals against doing business with Sudanese state-owned and military-controlled firms. According to the business advisory provided by the Departments of State, Treasury, Commerce, and Labor, some of the …

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UN Warns of Impending Crippling Global Food Shortage

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The United Nations (UN) warned that a global food shortage is impending during a meeting on world hunger held at the UN Headquarters in New York. According to UN Secretary-General António Guterres, the number of people who are extremely food …

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European Central Bank (ECB) Signals July, September Rate Hikes

Fourth EstateEuropean Central Bank (EUROSYSTEM)

The European Central Bank (ECB) is poised to raise its policy rate in July and September, President Christine Lagarde said in a blog post on Monday. “I expect net purchases under the [bond buy program] to end very early in …

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Airbnb Closing its Business in China

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Airbnb said Tuesday it would close its business inside China indefinitely amid the lockdowns and travel restrictions as part of China’s zero-COVID policy. According to an Airbnb notice shared across Chinese social media, Airbnb would cease taking all bookings for …

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Thailand Sets Inflation Target at 5% – PM

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Thailand said it will aim to keep inflation below 5% this year amid a global surge in prices of food and energy. Prime Minister Prayuth Chan-ocha told a news conference that the government is able to manage inflation in Thailand, …

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EU Reveals Plans to Stop Using Russian Gas

Fourth Estate"Russia" on a section of gas pipe on Nord Stream 2

The European Union (EU) announced a €210 billion ($220 billion) plan to wean Europe off Russian fossil fuels. The program titled “REPowerEU” was unveiled on Wednesday and intends to relieve Europe of Russian fossil fuels in 5 years and accelerate …

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Philippines Begin Monetary Tightening With First Rate Hike Since 2018

Fourth EstateBangko Sentral ng Pilipinas (BSP)

The Philippine central bank raised its key interest rate for the first time since November 2018 as it follows many central banks around the world in normalizing policy to tame increasing inflationary pressures. The Bangko Sentral ng Pilipinas (BSP) hiked …

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LaFarge Indicted for “Complicity in Crimes Against Humanity”

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The Paris Court of Appeals announced that it has indicted cement manufacturer Lafarge for “complicity in crimes against humanity” after it allegedly paid several million euros to terrorist groups in 2013 and 2014 to continue operations in Syria. Last November …

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Netflix Eliminates 150 US-Based Jobs After Suffering Losses

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Streaming giant Netflix confirmed that the company laid off approximately 150 employees after losing subscribers for the first time in a decade. The employee cuts largely affected its office in California which makes up around 2% of the company’s North …

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