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A growing number of Federal Reserve officials expect an interest rate increase next year as the central bank prepares to withdraw its enormous stimulus programme as early as November. At the end of the two-day meeting on Wednesday, the Federal Open Market Committee kept its main interest rate on hold at the rock-bottom range of
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The International Energy Agency has called on Russia to send more gas to Europe to help alleviate the energy crisis, becoming the first major international body to address claims by traders and foreign officials that Moscow has restricted supplies. The Paris-based body said that while Russia was fulfilling its long-term contracts to European customers it
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Washington has launched a new trilateral security partnership with London and Canberra which will support Australia’s plan to build a fleet of nuclear-powered submarines, a move that will strengthen the allies’ ability to counter China. The move is US president Joe Biden’s latest effort to bolster alliances amid increasing tensions with China over disputes ranging
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Antony Blinken, the US secretary of state, gave an unapologetic defence of the American military’s chaotic and bloody withdrawal from Afghanistan as he appeared before lawmakers on Capitol Hill. In prepared remarks released ahead of a hearing before the House foreign affairs committee on Monday, Blinken said “even the most pessimistic assessments did not predict
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Apple’s iron grip on its App Store has been loosened by a US federal judge, who ordered the iPhone maker on Friday to stop interfering with apps that wished to take payments outside of its store. Until now, Apple has forbidden apps from including links, or even informing their customers, that they can subscribe or
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The Biden administration will demand that companies force their employees to get vaccinated against Covid-19 or submit to weekly testing as part of a new plan that will also result in government workers being fired if they refuse to take the jab. The US president will announce the new measures on Thursday evening as part
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Germany has accused Russia of launching a spate of cyber attacks on politicians amid suspicions that Moscow is interfering in this month’s election to decide who succeeds Angela Merkel as chancellor. Germany’s foreign ministry said it held Russia responsible for illegally targeting a number of national and regional politicians with “phishing” emails to gain access
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A sharp slowdown in US jobs growth precludes the possibility that the Federal Reserve will announce plans this month to begin scaling back its pandemic-era stimulus, economists say, as the spread of the Delta coronavirus variant muddies the economic outlook. Following very strong payrolls reports in June and July, the US central bank readied for
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The US economy created just 235,000 jobs in August, in a sign that the more contagious Delta coronavirus variant is having an effect on hiring plans and worker shortages are still rampant nationwide. Non-farm payrolls data released by the Bureau of Labor Statistics on Friday marked a sharp deceleration from the upwardly revised 1.1m jobs
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