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Russia’s jobless rate falls to record low but economic hurdles mount

Russia’s unemployment rate dropped to a record low in May but industrial output fell and consumer demand, measured by retail sales, waned after a decline in real wages amid high

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Fed’s Powell says clock is running to bring inflation down

The Federal Reserve will not let the economy slip into a “higher inflation regime” even if it means raising interest rates to levels that put growth at risk, Fed Chair

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Cheerios maker General Mills counts on home cooking to fight inflation

General Mills (GIS.N) attributed its estimate-beating quarterly results to higher pricing and signaled it was ready to take on surging costs as inflation-hit Americans eat at home more to save

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Texas proposes rules to ready natgas industry for weather emergencies

The Texas Railroad Commission (RRC), which oversees the state’s oil and natural gas industries, approved a proposed weatherization rule to help protect Texans during emergencies that could occur any time

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JD.com to issue shares worth $220 mln to Tencent for WeChat access

China’s JD.Com Inc (9618.HK) said on Wednesday it would issue shares worth $220 million to investor Tencent Holdings Inc (0700.HK) over a three-year period to access certain services on the

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Germany’s gas crisis in five charts

Germany, largely dependent on Russian gas to fuel its export-led economy and to keep homes warm, is bracing for a possible total halt in Russian supplies if Moscow steps up

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Tesla closes an office as layoff hits Autopilot jobs, including hourly ones

Tesla (TSLA.O) has shuttered its office in San Mateo, California and laid off roughly 200 employees working on its Autopilot driver-assistant system there, one of the people said, in a

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