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'It hurts': DR Congo currency drops amid war spending, arrears payments
'It hurts': DR Congo currency drops amid war spending, arrears payments
by  AFP

A falling local currency, salary arrears payments and war spending have pushed up prices in impoverished Democratic Republic of Congo, leaving locals struggling to afford basics. The economist, who declined to be named, said that government spending had gone on imports likely related to the conflict, as well as on salary arrears for public servants.

Oil prices soar as producers unveil shock output cut
Oil prices soar as producers unveil shock output cut
by  AFP

Oil prices soared Monday after top producers unveiled a shock output cut of more than a million barrels, while equities mostly rose after data showed US and European inflation eased further last month.

Business confidence slumps among Japan's big manufacturers
Business confidence slumps among Japan's big manufacturers
by  AFP

Japan's largest manufacturers feel less optimistic about business conditions with confidence falling to its lowest level in more than two years, a key survey showed Monday. A positive figure means more businesses feel optimistic than pessimistic.

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