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May 2022

Saudi Arabia's Economy Estimated To Grow 9.6% In Q1, Driven By Oil
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  • Reuters

Saudi Arabia’s Economy Estimated To Grow 9.6% In Q1, Driven By Oil

The Cheap Investor4 years ago01 mins

(Reuters) – Saudi Arabia’s economy grew by 9.6% in the first quarter of 2022, compared to a year earlier, according to flash government estimates on Sunday, as a recovery in the oil sector drove the strongest growth in more than a decade. During the first quarter, oil activity in Saudi Arabia increased by 20.4% and…

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May Day rallies in Europe urge more help as inflation bites

The Cheap Investor4 years ago4 years ago05 mins

PARIS (AP) — Tens of thousands of people marched Sunday in cities around Europe for May Day protests to honor workers and shame governments into doing more for their citizens. In France, protesters shouted slogans against newly elected President Emmanuel Macron, a development that may set the tone for his second term. Tensions erupted in…

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Saudi Arabia's Economy Estimated To Grow 9.6% In Q1 On Oil Activities
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  • Reuters

Saudi Arabia’s Economy Estimated To Grow 9.6% In Q1 On Oil Activities

The Cheap Investor4 years ago01 mins

(Reuters) – Saudi Arabia’s economy grew 9.6% in the first quarter of 2022, compared to a year earlier, powered by oil activities, according to flash government estimates on Sunday. That would be the highest growth rate since 2011, according to the Saudi General Authority for Statistics. (Reporting by Moataz Mohamed,; Editing by Andrew Cawthorne)

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Pelosi, in surprise Kyiv trip, vows unbending US support

The Cheap Investor4 years ago4 years ago05 mins

WARSAW, Poland (AP) — A top-level U.S. congressional delegation led by House Speaker Nancy Pelosi praised the “ferocity” and resolve of Ukrainians face to face with their leader in a weekend visit to Kyiv undertaken in extraordinary secrecy. Pelosi, second in line to the presidency after the vice president, was the most senior American lawmaker…

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Russia Cuts State-backed Mortgage Rate, Extends Scheme
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Russia Cuts State-backed Mortgage Rate, Extends Scheme

The Cheap Investor4 years ago01 mins

(Reuters) – Russian Prime Minister Mikhail Mishustin signed a decree cutting the state-backed mortgage rate and extending the programme, part of wider measures aimed at stimulating economic growth. Russia is grappling with the fallout from Western sanctions over what Moscow calls a special military operation in Ukraine to demilitarise its neighbour and rid it of…

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China's April New Home Prices See Slower Gains - Private Survey
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China’s April New Home Prices See Slower Gains – Private Survey

The Cheap Investor4 years ago02 mins

BEIJING (Reuters) – China’s April new home prices grew at a slightly slower pace compared with March gains, a private survey showed on Sunday, with policy-easing moves by local governments yet to significantly revive buying sentiment. New home prices in 100 cities rose 0.02% from a month earlier, easing from the 0.03% gain in March,…

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Look for the orange vest: Ukrainians in Romania help others

The Cheap Investor4 years ago4 years ago03 mins

BUCHAREST, Romania (AP) — Elena Trofimchuk fled Ukraine to Romania more than a month ago. She now sees Bucharest’s North Railway Station as a second home. She doesn’t live there, but it’s where she spends most of her day welcoming fellow Ukrainian refugees escaping from Russia’s war and helping them sort out tickets, accommodation and…

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Amazon Ends COVID Paid Leave For U.S. Workers
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Amazon Ends COVID Paid Leave For U.S. Workers

The Cheap Investor4 years ago02 mins

(Reuters) – Giant online retailer Amazon.com Inc will end its paid time-off policy for employees with COVID-19 from May 2, the company told U.S.-based staff on Saturday. The change follows the availability of COVID-19 vaccines and revised guidance from the U.S. Centers for Disease Control and Prevention, it said. The U.S.-based staff will now get…

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