Inflation in Germany reached its highest level since 1981 in April, propelled by the surging prices of oil, gas and petrochemicals, official data indicates. According to the Federal Statistics Office, consumer prices, harmonized to make them comparable with inflation data from other European Union states (HICP), increased at an annual 7.8% rate in April, up…

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Russians are scaling back their property investments in Dubai due to a rise in local prices and a tighter US sanctions compliance policy in the emirate, Bloomberg reported on Thursday.    Dubai’s property boom in the years following the Covid-19 pandemic has been one of the fastest in the world, fueled by investor-friendly reforms and…