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NEW YORK: The Federal Reserve's steady interest rate hikes are the best way to protect the U.S. economic recovery and keep job growth as strong as possible and inflation under control, Fed Chair Jerome Powell said on Friday in a high-profile endorsement of the central bank's current approach to policy
ROBERT, Louisiana: As BP labored a second day Thursday to choke off the leak at the bottom of the Gulf of Mexico, dire new government estimates showed the disaster has easily eclipsed the Exxon Valdez as the biggest oil spill in U.S. history.
JUDGING by the performance of emerging markets (EMs), you’d hardly know the world was suffering from a deadly pandemic.
REUTERS: Asian chat services KakaoTalk, LINE and WeChat are threatening to overturn the mobile order of things, usurping the role of Google Inc, Apple Inc, Amazon.com Inc, Facebook Inc and telecoms carriers as gatekeeper to the consumer.
NEW ORLEANS: While BP is capturing more oil from its blown-out well with every passing day, scientists on a team analyzing the flow said Tuesday that the amount of crude still escaping into the Gulf of Mexico is considerably greater than what the government and the company have claimed.