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alesund g0f229a352 1920 The world's largest sovereign fund loses 43.5 billion dollars in the third quarteR

The world’s largest sovereign fund loses 43.5 billion dollars in the third quarteR

Norway’s wealth fund, the world’s largest with $1.15 trillion in assets, said Friday it incurred a loss of 449 billion Norwegian crowns ($43.47 billion) in the third quarter of 2022, as it was hit by high interest rates, inflation and war in Europe. The fund’s return on investment was negative 4.4 percent in the July-September …

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refinery gdbde26728 1920 9 billion dollars in Iraq's oil revenues in SeptembeR

9 billion dollars in Iraq’s oil revenues in SeptembeR

The revenues of Iraqi oil exports in the month of September approached 9 billion dollars, according to what was announced by the Ministry of Oil. And the Iraqi News Agency quoted a statement from the Ministry of Oil , that the statistics of the Iraqi Oil Marketing Company ( SOMO ) showed that the amount of crude oil exports …

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supermarket g203aa209e 1280 US consumer spending rises more than expected in September

US consumer spending rises more than expected in September

US consumer spending rose more than expected in September, while core inflation continued to pressure in the world’s largest economy, keeping the US Federal Reserve on the path of tight monetary policy, and boosting expectations that it will raise interest rates by 75 basis points for the fourth time this year. And the US Commerce …

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stock gb8e4dd268 1920 British Prime Minister: Tough decisions must be made to reform the economy

British Prime Minister: Tough decisions must be made to reform the economy

New British Prime Minister Rishi Sunak said on Friday tough decisions would have to be made to put British government borrowing and borrowing on a sustainable path, adding that he was confident of reforming the economy. “We as a country are facing a lot of challenges but I am confident that we can reform the …

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barack obama g0b2ea6563 1280 The US President attacks oil companies after making huge profits

The US President attacks oil companies after making huge profits

US President Joe Biden attacked oil companies for making huge profits at the expense of the Americans. Biden, during a rare joint appearance with Vice President Kamla Harris at a million-dollar fundraising event in Pennsylvania, noted that prices at gas stations had fallen from their summer peaks and said more progress could be made if …

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Freezing 17 billion euros of Russian assets in the European Union

Freezing 17 billion euros of Russian assets in the European Union

European Justice Commissioner Didier Reynders announced Saturday that some 17 billion euros of assets of Russian businessmen and entities in the European Union have been frozen in seven member states, following sanctions imposed on Russia in response to the war in Ukraine. “So far, the assets of 90 people, amounting to more than 17 billion …

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