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Majority of U.S. House backs sweeping semiconductor bill

The U.S. House of Representatives on Thursday passed sweeping legislation to subsidize the domestic semiconductor industry as it competes with companies in China and other countries. As voting continued, the

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Oil mixed as U.S. gasoline demand rebounds but recessionary fears loom

Oil prices were mixed on Thursday as concerns about a potential global recession that would knock energy demand offset lower U.S. crude inventories and a rebound in gasoline consumption. Brent

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Potential U.S. recession could feed an already vicious bear market

The prospect of a U.S. recession could mean more pain for battered stocks, despite a recent rebound that has taken the benchmark index to its highest level in more than

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U.S. fuel demand remains strong, despite recent data

Demand for transportation fuels remains strong despite mixed signals from inventory data collected by the U.S. Energy Information Administration (EIA), U.S. fuelmakers said on Thursday. Fears that the U.S. economy

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U.N. says details for safe Ukraine grain shipments still being worked out

U.N. aid chief Martin Griffiths said on Thursday he was hopeful that the first shipment of grain from a Ukrainian Black Sea port could take place as early as Friday,

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West Virginia bars five financial firms for deemed fossil fuel ‘boycotts’

West Virginia has barred five major financial institutions, including Blackrock Inc and JPMorgan Chase & Co (JPM.N) , from new state business after determining that they were boycotting the fossil

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France’s Capgemini lifts 2022 growth outlook

French IT consulting company Capgemini (CAPP.PA) on Thursday raised its growth target for 2022 after demand for digital transformation services boosted first-half revenue. The firm, which offers services to industries

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