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Gold Prices Hit Record High, Cross ₹77,500 Per 10 Grams On Geopolitical Uncertainty
Gold prices crossed ₹77,500 per 10 grams on Friday for the first time, as US election jitters and simmering Middle East tensions boosted safe-haven demand, while a looser monetary policy environment also added fuel to the rally.
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Russia Extends Petrol Exports Ban Until 2025 To "Maintain Stable Situation"
The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to "maintain a stable situation" on the domestic fuel market after major price hikes.
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Trump's Fossil Fuel Agenda Gets Priority Over Climate Change At Convention
Climate change is little more than an afterthought for attendees at the Republican National Convention, who are gathered this week to crown Donald Trump as their party's nominee for this November's election.
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Fossil Fuel Use "Far Too High", UN Targets Tougher To Hit: Energy Agency
The International Energy Agency warned Tuesday that energy policies must evolve if global warming is to be limited to 1.5 degrees Celsius above pre-industrial levels, saying fossil fuel use is still "far too high".
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Video: Rishi Sunak's Home Cloaked In Black By Environmental Activists
Activists from Greenpeace on Thursday scaled UK Prime Minister Rishi Sunak's constituency home and covered it with black fabric to protest against his fossil fuel policy.
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China Cuts Medical Benefits For Senior Citizens Due To Cash Shortage
China's government, strapped for cash after enforcing a costly zero-Covid policy, is cutting medical benefits and planning to raise the retirement age, in deeply unpopular moves that are fueling widespread public anger, CNN reported.
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Oil Falls Below $92 Per Barrel On Renewed Demand Worries
Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.
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Oil Edges Lower On Demand Worries From High Inflation, But Holds Above $104
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
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Retail inflation Likely Eased Below 7% To A 5-Month Low In July, But Above RBI's target: Report
Retail inflation likely eased in July due to a fall in food and fuel prices yet stayed well above the Reserve Bank of India's upper tolerance limit for a seventh consecutive month, a Reuters poll showed.
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Oil Prices Fall Below $100 As Weak Factory Data Fuels Global Demand Concerns
Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply.
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DeFi and Degrowth: Or How Not to Fix Capitalism
DeFi and Degrowth have emerged as alternative utopian narratives to capitalism. However, both lack some basic lessons. While degrowthers ignore the natural urge for status and advancement, DeFiers ignore the natural urge of bad actors to exploit unregulated systems.
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Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
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Excise Duty Cuts On Fuel Poses Risk To Fiscal Deficit: Finance Ministry
Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing risk to budget level of gross fiscal deficit
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Retail Inflation Eased To 7.04% In May, But Too Early To Call A Peak
India's retail inflation eased to 7.04 per cent in May from a year ago, after hitting an eight-year high in April, data showed on Monday.
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Fuel Tax Cut Likely Eased Inflation In May, But Price Pressures Elevated
Surging retail inflation likely eased in May on lower fuel costs, but price pressures remain elevated, and the rate was expected to have held above the Reserve Bank of India's upper tolerance level of its 2-6 per cent target band for the fifth month in a row.
-
Gold Prices Hit Record High, Cross ₹77,500 Per 10 Grams On Geopolitical Uncertainty
Gold prices crossed ₹77,500 per 10 grams on Friday for the first time, as US election jitters and simmering Middle East tensions boosted safe-haven demand, while a looser monetary policy environment also added fuel to the rally.
-
Russia Extends Petrol Exports Ban Until 2025 To "Maintain Stable Situation"
The Russian government announced Wednesday that it was reintroducing a ban on petrol exports for another six months to "maintain a stable situation" on the domestic fuel market after major price hikes.
-
Trump's Fossil Fuel Agenda Gets Priority Over Climate Change At Convention
Climate change is little more than an afterthought for attendees at the Republican National Convention, who are gathered this week to crown Donald Trump as their party's nominee for this November's election.
-
Fossil Fuel Use "Far Too High", UN Targets Tougher To Hit: Energy Agency
The International Energy Agency warned Tuesday that energy policies must evolve if global warming is to be limited to 1.5 degrees Celsius above pre-industrial levels, saying fossil fuel use is still "far too high".
-
Video: Rishi Sunak's Home Cloaked In Black By Environmental Activists
Activists from Greenpeace on Thursday scaled UK Prime Minister Rishi Sunak's constituency home and covered it with black fabric to protest against his fossil fuel policy.
-
China Cuts Medical Benefits For Senior Citizens Due To Cash Shortage
China's government, strapped for cash after enforcing a costly zero-Covid policy, is cutting medical benefits and planning to raise the retirement age, in deeply unpopular moves that are fueling widespread public anger, CNN reported.
-
Oil Falls Below $92 Per Barrel On Renewed Demand Worries
Oil prices fell on Wednesday as COVID-19 curbs in top crude importer China and expectations of further interest rate hikes fanned concerns of a global economic recession and lower fuel demand growth.
-
Oil Edges Lower On Demand Worries From High Inflation, But Holds Above $104
Oil prices dipped on Tuesday, paring some gains from the previous session, as the market feared that more aggressive interest rates hikes from central banks may lead to a global economic slowdown and soften fuel demand.
-
Retail inflation Likely Eased Below 7% To A 5-Month Low In July, But Above RBI's target: Report
Retail inflation likely eased in July due to a fall in food and fuel prices yet stayed well above the Reserve Bank of India's upper tolerance limit for a seventh consecutive month, a Reuters poll showed.
-
Oil Prices Fall Below $100 As Weak Factory Data Fuels Global Demand Concerns
Oil prices dropped again on Tuesday as investors absorbed a bleak outlook for fuel demand with data pointing to a global manufacturing downturn just as major crude producers meet this week to determine whether to increase supply.
-
DeFi and Degrowth: Or How Not to Fix Capitalism
DeFi and Degrowth have emerged as alternative utopian narratives to capitalism. However, both lack some basic lessons. While degrowthers ignore the natural urge for status and advancement, DeFiers ignore the natural urge of bad actors to exploit unregulated systems.
-
Carnage For Reliance, ONGC Shares After Hike In Fuel Export Duty And Windfall Tax
Reliance Industries and ONGC shares were hammered on Friday after thegovernment imposed export taxes on petrol, diesel and a windfall tax on domestic crude oil to boost internal supplies.
-
Excise Duty Cuts On Fuel Poses Risk To Fiscal Deficit: Finance Ministry
Government revenues have taken a hit following cuts in excise duties on diesel and petrol, posing risk to budget level of gross fiscal deficit
-
Retail Inflation Eased To 7.04% In May, But Too Early To Call A Peak
India's retail inflation eased to 7.04 per cent in May from a year ago, after hitting an eight-year high in April, data showed on Monday.
-
Fuel Tax Cut Likely Eased Inflation In May, But Price Pressures Elevated
Surging retail inflation likely eased in May on lower fuel costs, but price pressures remain elevated, and the rate was expected to have held above the Reserve Bank of India's upper tolerance level of its 2-6 per cent target band for the fifth month in a row.
