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Month: October 2023

Belgium’s prime minister says his country supports a ban on Russian diamonds as part of sanctions

By SAMUEL PETREQUIN Associated Press BRUSSELS (AP) — Belgium’s prime minister says his country, which has the biggest interest in the global diamond trade in the European Union, is supporting a ban on Russian diamonds as part of sanctions targeting President Vladimir Putin’s government for its war against Ukraine. This came during Ukrainian President Volodymyr

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Wholesale inflation in US rises 2.2% in September, biggest year-over-year gain since April

By PAUL WISEMAN AP Economics Writer WASHINGTON (AP) — U.S. wholesale prices rose last month at the fastest pace since April, suggesting that inflationary pressures remain despite a year and a half of higher interest rates. The Labor Department reported Wednesday that its producer price index — which measures inflation before it hits consumers —

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German government forecasts that the country’s economy will shrink by 0.4% this year

BERLIN (AP) — Germany’s government says it expects the country’s economy to shrink by 0.4% this year. The German government joined a string of other forecasters on Wednesday in revising sharply downward its outlook for Europe’s biggest economy. The revised forecast contrasted with the 0.4% growth that the government predicted in late April. The Economy

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The Supreme Court signals support for a Republican-leaning congressional district in South Carolina

By MARK SHERMAN Associated Press WASHINGTON (AP) — The Supreme Court seems likely to preserve the Republican hold on a South Carolina congressional district against a claim that it treats Black voters unfairly. The outcome could shape the fight for partisan control of the House of Representatives. The court’s six conservative justices on Wednesday signaled

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