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Turkey sells 52 metric tons of gold to stabilize lira
According to The Financial Times, the central bank of Turkey sold 52 metric tons of gold between Feb. 27 and March 27, 2026, in a large-scale intervention aimed at stabilizing...
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BofA: Euro area to avoid recession despite energy shock
Analysts at BofA Global Research have revised their outlook for the euro area in the face of continued volatility in commodity markets. Now, they expect the region to avoid...
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Moody’s chief economist flags US economy entering recession
According to Mark Zandi, chief economist at Moody’s Analytics, the US economy is likely already in a recession. His conclusions are based on a new indicator dubbed the "Vicious Cycle...
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Trump predicts ‘golden age’ for Middle East following ceasefire deal
On April 8, 2026, US President Donald Trump announced the start of a "golden age" for the Middle East on the Truth Social social media platform. The president expressed confidence...
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Oil plunges as US‑Iran truce talk sparks 16–19% drop
Global oil prices fell sharply after an agreement on a temporary ceasefire between Iran and the United States, with markets registering declines of roughly 16–19% during the session. The move...
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European markets strained by ongoing Middle East conflict
The Euro Stoxx 50 index, which tracks the performance of the fifty largest companies across twelve eurozone countries, has dropped by more than 7% since the outbreak of the military...
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White House seeks stay of court order blocking construction of new ballroom
The Trump administration filed an emergency petition with the US Court of Appeals for the District of Columbia Circuit on March 24, 2026, seeking to overturn a court order that...
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Global economy at risk of 1970s-style crisis due to energy disruptions
In their weekly report, Global Energy Weekly, analysts at BofA Global Research have noted a critical reduction in maritime traffic within the area of the Middle Eastern conflict. According...
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Goldman Sachs: no global shortage yet, but India and Thailand move to ration fuel as Asian imports slip
Concerns about a wholesale depletion of global oil stocks have resurfaced amid the prolonged conflict in the Middle East and disruptions to shipping through the Strait of Hormuz. However...
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UK economic stability under ‘non-linear’ threat
The United Kingdom is facing a "non-linear" threat to its economic stability as a massive global shock in energy prices poses risks pushing the country into a formal recession, according...
