Economic News
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3 men are charged with conspiring to smuggle US artificial intelligence to China
A senior vice president of Super Micro Computer Inc. and two others affiliated with the company have been charged with conspiring to smuggle billions of dollars of computer servers containing advanced Nvidia chips to China
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Cuba readies for first Russian oil shipment of the year as energy crisis deepens
Cuba is preparing to receive its first shipment of Russian oil this year, just days after the government announced it was operating on natural gas, solar power and thermoelectric plants as severe power outages continue to hit an island whose power grid is crumbling
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Trade with Cuba collapses as Trump escalates pressure on Communist Party leadership
President Donald Trump this week said he believes he’ll have “the honor of taking Cuba” soon
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Average US long-term mortgage rate rises to 6.22%, highest level in more than 3 months
The average long-term U.S. mortgage rate climbed this week to its highest level in more than three months, a setback for prospective home shoppers this spring homebuying season
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Bank of England holds interest rates and hints of increases as Iran war jolts inflation outlook
The Bank of England is holding its main interest rate at 3.75% in the wake of the oil and gas price hikes following the start of the Iran war
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How the Iran war and surging oil prices are affecting consumers at the gas pump and beyond
Sharply swinging oil prices have left consumers feeling the effects of the Iran war and its damage to worldwide energy production
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China's Hubei province arrests 7, shuts websites in fentanyl crackdown
A Chinese province has intensified a crackdown on fentanyl precursor trafficking, an issue that strained U.S.-China relations and prompted tariffs on imports from China
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European Central Bank holds rates unchanged as energy shock from Iran war causes massive uncertainty
The European Central Bank left its key interest rates unchanged Thursday and warned that the Iran war would boost inflation in the short term through higher energy prices but that the long-term impact on consumer prices and the economy was uncertain
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US applications for jobless benefits fall to 205,000 last week as layoffs remain historically low.
U.S. applications for unemployment benefits fell last week, remaining in the same range of recent years despite a broadly tepid labor market
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US applications for jobless benefits fall to 205,000 last week as layoffs remain historically low
US applications for jobless benefits fall to 205,000 last week as layoffs remain historically low
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