Global oil markets are heading for a crash that will slash 20% off of the crude price this year, Russian businessman Oleg Deripaska predicted on Tuesday. The tycoon’s warning comes after oil prices fell by about 4% on Monday on sharp price cuts announced by top exporter Saudi Arabia for exports in February. Oil has…
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Cuba will end state subsidies to tackle the economic crisis it blames on the US embargo The Cuban government will hike gasoline and diesel prices on the island by 500% effective February 1, as part of a set of measures aimed at reducing the country’s large budget deficit.
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The German Chancellor’s plea comes amid warnings that his country’s own military has been stripped to the bone German Chancellor Olaf Scholz has appealed to other EU member states to step up their military assistance to Ukraine, noting that his own country ranks second only to the US in terms of weapons shipments to Kiev.…
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