ECONOMY & MARKETS

Futures Climb 1% As Putin Hints At Progress In Talks With Ukraine

Traders work on the trading floor at the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S., March 7, 2022.
U.S. stock index futures jumped on Friday after Russian President Vladimir Putin said there were "certain positive shifts" in talks with Ukraine, lifting mood at the end of a roller-coaster week marked by concerns about geopolitical tensions and surging oil prices.
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Emmanuel Asante, 36, a baker, prepares rolls of bread dough at the Bethel Brothers bakery in Accra, Ghana, March 6, 2022. Picture taken March 6, 2022.

Ghana Bakers Feel The Heat Of Rising Inflation

Blazing heat radiated from the wood-fired oven of the Bethel Brothers Bakery in Ghana's capital Accra, as a dozen men hastily shaped dough into hundreds of rolls that would be scattered through the city the following morning.
The European Central Bank (ECB) logo in Frankfurt, Germany, January 23, 2020.

Pity Poor ECB - Bluff, Error Or Remix?

The European Central Bank's decision to keep on tightening despite fear of war and stagflation has been criticised as either bluff or error - but may just reflect a deliberate shift in Europe's economic policy mix.
A destroyed armoured vehicle is seen in the separatist-controlled village of Anadol during Ukraine-Russia conflict in the Donetsk region, Ukraine March 10, 2022.

IMF Chief Georgieva Says Ukraine War To Lower Global Growth Forecast

The war in Ukraine and massive sanctions against Russia have triggered a contraction in global trade, sending food and energy prices sharply higher and forcing the International Monetary Fund to lower its global growth forecast next month, IMF Managing Director Kristalina Georgieva said on Thursday.
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ECB To Turn Off Money Taps At Ukraine 'Watershed' Moment

The European Central Bank will stop pumping money into financial markets this summer, it said on Thursday, paving the way for an increase in interest rates as soaring inflation outweighs concerns about the fallout from Russia's invasion of Ukraine.
Customers pay cash to buy up stocks of wine, food and kitchen supplies as the French restaurant Montmartre closes after 20 years of operation on Capitol Hill due to financial pressures caused by the coronavirus disease (COVID-19) outbreak in Washington, U

Gasoline, Rents Boost U.S. Consumer Prices, More Pain To Come

U.S. consumer prices surged in February, with Americans digging deeper into their wallets to pay for rents, food and gasoline, and inflation is poised to accelerate further in the months ahead as Russia's war against Ukraine drives up the costs of crude oil and other commodities.
A person uses a petrol pump at a gas station as fuel prices surged in Manhattan, New York City, U.S., March 7, 2022.

Analysis-Oil Shock Is Coming, But U.S. May Have Already Paid For It

The gusher of money the U.S. government poured into family bank accounts during the coronavirus pandemic, credited with speeding the rebound from the health crisis, may now help limit the economic damage from Russia's invasion of Ukraine and give the Federal Reserve more leeway in raising interest rates.

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