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29.04.26 - 01:12
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UK faces £35bn hit and risk of recession this year over impact of Iran war, thinktank warns (The Guardian)
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Niesr says even under best-case scenario, economy would grow at slower pace in 2026 and 2027 because of conflictBritain is facing a £35bn economic hit and the risk of a recession this year as the fallout from the Iran war adds to the pressure on Keir Starmer's government, a leading thinktank has warned.The National Institute of Economic and Social Research (Niesr) said that even under a best-case scenario the UK economy would grow at a much slower pace this year and next because of the Middle East conflict. Continue reading......
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28.04.26 - 23:16
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BP doubles its profits as Iran war elevates oil prices (The Hill)
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BP earned $3.2 billion in the first quarter, the energy giant reported Tuesday — an exponential increase in its profits that beat market projects amid the rising cost of oil due to the Iran war. It's the company's highest profit in three years and first reported sign of growth under CEO Meg O'Neill, who was......
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28.04.26 - 22:48
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Iran Can′t Have Nuclear Weapon, Despite ′Hot Mess′ of War, Says Ed Price (Bloomberg)
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Ed Price, former British trade official and nonresident senior fellow at New York University, said that while the US is embroiled in a 'hot mess' war with Iran, there is still a convincing argument to back the use of force in stopping Iran from having a nuclear weapon. Price also discussed King Charles' visit to Washington and said that US pressure on NATO has 'freaked out' the UK, but is worth it to protect the world order. (Source: Bloomberg)...
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28.04.26 - 21:51
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Trump Belatedly Blasts Merz Over Pointed Iran War ′Humiliation′ Remarks (ZeroHedge)
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Trump Belatedly Blasts Merz Over Pointed Iran War 'Humiliation' Remarks
President Trump on Tuesday belatedly hit back at Chancellor Friedrich Merz after on Monday the German leader told students in a talk that the United States is being “humiliated” by Iranian leaders, amid struggling on-and-off negotiations, and as a crisis in the Strait of Hormuz shows no signs of de-escalating.
Merz had said he didn't see "what strategic exit the Americans are now choosing" while simultaneously describing that Tehran's negotiators are proceeding "very skillfully - or indeed very skillfully not negotiating."
The result, Merz had said, is that an "entire nation is being humiliated by the Iranian leadership, particularly by these so-called Revolutionary Guards." The unusually blunt and direct anti-Trump commentary by the German Chancellor was given before a group of students at a secondary school in western Germany on Monday.
Throughout Monday, the media expected Trump ...
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