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Russia faces stagflation threat as growth slows
Russia faces stagflation threat as growth slows
Business and Economy
by  AFP

Prices for bread have jumped so much over the last few years that Russian pensioner Oleg Ivanovich sometimes has to go without. When the special military operation ends, prices will return to normal," he told AFP in Moscow, using the official Russian term for the offensive.

With inflation slowing, ECB to cut rates again
With inflation slowing, ECB to cut rates again
Business and Economy
by  AFP

With inflation slowing and the economic outlook darkening, the European Central Bank is expected to cut interest rates again Thursday but is unlikely to give much away about its next moves. The Frankfurt-based central bank made its first cut in June, reducing the key deposit rate to 3.75 percent from a record high of four percent.

Pope says migrant workers need 'a fair wage'
Pope says migrant workers need 'a fair wage'
Business and Economy
by  AFP

Pope Francis on Thursday made a plea for migrant workers to be paid fairly, as he visited the affluent city-state of Singapore on the last stop of his marathon Asia-Pacific tour. - 'I'm going to cry' - Singapore is the last stop on the pope's 12-day, four-nation Asia-Pacific trip aimed at boosting the Catholic Church's standing in the world's most populous region.

Boeing faces potential strike as Seattle workers vote
Boeing faces potential strike as Seattle workers vote
Business and Economy
by  AFP

Boeing faces a potentially crippling strike in the Seattle region, depending on how 33,000 workers vote Thursday on a new contract that has angered many employees despite solid wage gains. Broadcast reports in the Seattle region have featured footage of line workers who hold daily rallies on the factory floor and call the wage hikes inadequate in light of inflation.