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US gasoline prices top $4.50 a gallon as summer driving season nears

US gasoline prices top $4.50 a gallon as summer driving season nears

By Anushree Mukherjee May 5 (Reuters) - The U.S. national average retail price of gasoline surpassed $4.50 a gallon on Tuesday for the first time since July 2022, data from GasBuddy showed, as the U.S.-Israeli war with Iran kept disrupting a substantial portion of global oil supplies shipped through
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UK services firms report sharpest rise in costs since late 2022

UK services firms report sharpest rise in costs since late 2022

LONDON, May 6 (Reuters) - British services firms last month reported the sharpest acceleration in cost pressures in three-and-a-half years as the Iran war drove up prices for fuel and raw materials, a closely watched survey showed on Wednesday.
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After brief respite, gasoline prices continue their steady climb

After brief respite, gasoline prices continue their steady climb

The price of a gallon of regular gasoline climbed 31 cents in the past week, spiking to an average of $4.48 per gallon Tuesday, according to AAA
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Iran war pauses global easing push by central banks in April

Iran war pauses global easing push by central banks in April

By Karin Strohecker and Sumanta Sen LONDON, May 6 (Reuters) - The Iran war has seen major central banks put interest rates on hold in April and stymied an easing push in emerging economies as policymakers face inflation pressures and volatile markets.
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Chance of ECB rate hike has risen, board member Cipollone says

Chance of ECB rate hike has risen, board member Cipollone says

FRANKFURT, May 6 (Reuters) - The chance of a European Central Bank rate hike has risen as inflation pressures are high, board member Piero Cipollone said on Wednesday, even as negotiated wage data showed pay demands had yet to increase.
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Williams says Fed policy well positioned for economic risks, uncertainty

Williams says Fed policy well positioned for economic risks, uncertainty

By Michael S. Derby NEW YORK, May 4 (Reuters) - New York Federal Reserve President John Williams said on Monday the U.S. central bank's monetary policy is "well positioned" to deal with the high level of economic uncertainty facing the economy as a result of the war in the Middle East.
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NY Fed says April supply chain pressures highest since July 2022

NY Fed says April supply chain pressures highest since July 2022

By Michael S. Derby May 6 (Reuters) - Supply chain pressures in April hit their highest level since July 2022, as the Middle East war heavily impacted firms' ability to move goods around the world freely, data from the Federal Reserve Bank of New York released on Wednesday showed.
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Fencing-Athletes and coaches lobby IOC as concerns rise over fencing federation

Fencing-Athletes and coaches lobby IOC as concerns rise over fencing federation

By Iain Axon LONDON, May 5 (Reuters) - Almost 3,000 athletes and coaches were sending an open letter to IOC President Kirsty Coventry and the International Fencing Federation leadership on Tuesday calling for an independent review of what they call "governance failures and corruption" in the world
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Federal Reserve's John Williams Addresses Economic Uncertainty Amid Middle East Conflict

Federal Reserve's John Williams Addresses Economic Uncertainty Amid Middle East Conflict

Federal Reserve's John Williams Addresses Economic Uncertainty Amid Middle East Conflict
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The Latest: US pushes to reopen Strait of Hormuz as Iranian attacks on UAE strain ceasefire

The Latest: US pushes to reopen Strait of Hormuz as Iranian attacks on UAE strain ceasefire

U.S. forces are guiding commercial ships through the Strait of Hormuz, where hundreds have been stuck since the Iran war began
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Exclusive-Iran conflict may have motivated Trump dinner shooting suspect, US intelligence report finds

Exclusive-Iran conflict may have motivated Trump dinner shooting suspect, US intelligence report finds

By Ted Hesson, Jana Winter and Andrew Goudsward WASHINGTON, May 6 (Reuters) - The U.S.
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What to know about the US military presence in Europe as Trump seeks drawdown of thousands of troops

What to know about the US military presence in Europe as Trump seeks drawdown of thousands of troops

U.S. President Donald Trump’s pledge to shrink America’s military deployment in Germany is putting a new spotlight on the U.S. military presence in Europe