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US: Retail sales steady in July

U.S. retail sales were unchanged in July as a drop in gasoline prices that squeezed gas station receipts was offset by resilience in consumer spending, allaying fears that the nation's economy has entered a recession. In particular,...

Citi: Raises UK inflation forecast to 15%

To 15% - at least - Citi raises its estimate for inflation in Great Britain during the first quarter of 2023, unless there are government measures to reduce prices, as the economists of the American bank...

New c.c. OPEC: Inflation not our fault, but chronic underinvestment in oil and gas

New OPEC Secretary-General Haitham Al Ghais said on Wednesday that the highly influential oil cartel was not to blame for soaring inflation, blaming chronic underinvestment in the oil and gas industry. "OPEC is not behind this price...

Crypto.com is expanding its operations in the UK

Singapore-based cryptocurrency platform Crypto.com has registered with Britain's financial services regulator, the company announced on Wednesday. Crypto.com has joined the Financial Conduct Authority (FCA) register, which means it is approved to offer cryptocurrency services and products to...

Dutch economy grows 2.6% in second quarter despite surging inflation

Economic growth in the Netherlands jumped to a surprising 2.6 percent in the second quarter compared with the previous three months, as household spending picked up despite high inflation and companies stepped up investment. The strong expansion...

Norway’s mammoth sovereign wealth fund lost $174 billion in the first half

LAST UPDATE: 10.37 Norway's colossal sovereign wealth fund, which is mainly financed by the Scandinavian country's energy exports, recorded losses of 1.68 trillion. Norwegian kroner ($174 billion) in the first half of 2022, as his management...