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Syrian regime raises interest rate on bank deposits

The Syrian Monetary and Credit Council raised the interest rate on bank deposits in Syrian pounds with the aim of absorbing more liquidity in the markets, to reduce inflationary pressures, according to a statement issued by the Central Bank of Syria on Wednesday. According to the decision,...

Europe doubles efforts to give up Russian gas

Not far from a muddy trench, large stacked black pipes will soon be buried in this land in Denmark, as construction of a gas pipeline connecting Norway and Poland resumed after the invasion of Ukraine. From liquefied natural gas (LNG) terminal projects in northern Germany, Finland or France...

Nations to release millions of barrels of oil amid war

PARIS (AP) — The International Energy Agency said Thursday that its member countries are releasing 60 million barrels of oil from their emergency reserves on top of previous U.S. pledges to take aim at energy prices that have soared since Russia invaded Ukraine. The Paris-based...