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NZ raids shipping insurer over alleged sanctions busting
NZ raids shipping insurer over alleged sanctions busting
Economy
by  AFP

New Zealand police raided a shipping insurer's offices over allegations it offered cover to tankers breaking Russian sanctions, a senior detective said Wednesday. Reuters said this week that the New Zealand insurer had helped tankers carrying Russian and Iranian oil to avoid Western sanctions by providing them with insurance.

As US blows up drug boats, Venezuelan oil sets sail
As US blows up drug boats, Venezuelan oil sets sail
Economy
by  AFP

While the American military blows up boats it claims are transporting drugs from Venezuela, observers say tankers shipping Venezuelan oil in violation of a US embargo continue to navigate the very same Caribbean waters undisturbed.

US Fed on track to cut rates again in penultimate decision of 2025
US Fed on track to cut rates again in penultimate decision of 2025
Economy
by  AFP

The US Federal Reserve is almost certain to cut interest rates for a second straight meeting on Wednesday, and could also shed light on what it will do next. But analysts widely expect Fed chair Jerome Powell to tell reporters during the bank's post-decision press conference on Wednesday that the rate-setting Federal Open Market Committee (FOMC) is keeping an open mind about the following meeting.