The Organization of Petroleum Exporting Countries (OPEC) projected in its August report, published on Tuesday, that global gross domestic product (GDP) will reach 3% in 2025, up by 0.1 percentage points from the previous forecast. In 2026, global economic growth should stand at 3.1%, according to the report. The United States’ growth for 2025 was …
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Crude oil prices climbed by over 1% on Monday following sharp losses last week, as global attention shifted to the upcoming meeting between United States President Donald Trump and his Russian colleague Vladimir Putin, scheduled for August 15. The two leaders are expected to discuss the possibilities of ending the war in Ukraine. However, some uncertainty remains, …
Donald Trump plans to meet Russian President Vladimir Putin in Alaska as the US president looks to broker an agreement that will bring an end to the war in Ukraine. “The highly anticipated meeting between myself, as President of the United States of America, and President Vladimir Putin, of Russia, will take place next Friday, …
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Ukrainians expressed little hope for a diplomatic solution to the war with Russia, as U.S. President Donald Trump’s Friday deadline for the Kremlin to stop the killing arrived and he eyed a possible summit meeting with Russian President Vladimir Putin to discuss the conflict Trump’s efforts to pressure Putin have so far delivered no progress. Russia’s bigger army is …
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JERUSALEM/CAIRO, Aug 8 (Reuters) – Israel’s security cabinet approved a plan on Friday to take control of Gaza City, a move expanding military operations in the shattered Palestinian territory despite growing criticism at home and abroad over the almost two-year-old war. Far-right allies in Prime Minister Benjamin Netanyahu’s coalition have been pushing for a total takeover of Gaza …
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Brent crude oil has performed poorly this week, with the front-month contract falling by nearly eight percent to reach around $67 per barrel. The initial sell off was triggered by the OPEC+ announcement that it would raise supply by an additional 547,000 barrels per day in September, “marking the full unwinding of the 2.2 million …
A meeting between US President Donald Trump and his Russian counterpart Vladimir Putin has not yet been agreed, a White House official told ABC News on Thursday, denying the Kremlin’s previous claim that even a location had been agreed upon. According to the report, Putin would have to meet with Ukrainian President Volodymyr Zelensky before meeting with Trump, and …
Prllesident Donald Trump’s sweeping new tariffs officially took hold Thursday, as he barrels forward with his turbulent push to reshape global trade. After months of chaotic threats and reversals, higher rates for almost all US trading partners began just after midnight in New York. Trump signed the directive a week ago, but had to allow time for …
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Emboldened by military successes and Trump’s backing, Netanyahu shows no signs of letting up in the face of increased international pressure Israel is not merely defying the pressure, it is redefining itself. Once a besieged secular outpost with an agrarian economy, it has evolved into a Middle East superpower: an aggressive military and intelligence juggernaut …
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Presidents Vladimir Putin and Donald Trump will meet for summit talks within the next few days, the Kremlin said Thursday. Russia and the US have agreed on a venue for the meeting and “together with our American colleagues, we are starting to work on specific issues,” with the aim of holding the talks next week, …
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