ECONOMY & MARKETS

Models of oil barrels and a pump jack are displayed in front of a rising stock graph and "$100" in this illustration taken February 24, 2022.

Oil Price Set To Surge Further On Iranian Talks Delays

Oil prices are set to surge further this week due to delays to the conclusion of Iranian nuclear talks and the potential return of Iranian crude to global markets, which are already suffering from Russian supply disruptions, analysts said.
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Soldiers of the People's Liberation Army (PLA) stand guard near the Great Hall of the People before the opening session of the National People's Congress (NPC) in Beijing, China March 5, 2022.

China Defence Spending Rise To Outpace GDP Target This Year

China will spend 7.1% more on defence this year, outpacing last year's spending hike and the government's modest economic growth forecast as Premier Li Keqiang seeks to safeguard the country's sovereignty, security and development interests.

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