IMF chief economist: “below the surface…turbulence is building, and the situation is quite fragile as the recent bout of banking instability reminded us,” adding that the odds of a recession have “risen sharply.”

IMF: “Turbulence is building,” “hard landing” ahead for global economy. “Below the surface … turbulence is building, and the situation is quite fragile, as the recent bout of banking instability reminded us,” IMF director of research Pierre-Olivier Gourinchas said in …

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HOSTAGE situation at Wells Fargo Bank

🚨#BREAKING: Multiple Law enforcements are on scene to a Hostage situation reported at Wells Fargo Bank 📌#Arlington | #Virginia Currently multiple authorities and Law enforcements are on scene of a bank robbery hostage situation in Arlington, Virginia Police believe 5… …

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German hospitals warn of medication shortages:The situation is particularly serious for antibiotics, cancer drugs and emergency medication for heart attacks and strokes.

Medical professionals in Germany warned on Friday that delivery problems have led to a shortage of important medications and called for production to be brought back to Germany. “Supply bottlenecks are increasingly causing grave problems, including in hospitals,” the head of the …

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Food price inflation in Germany reached +14.8%

GERMAN FINMIN LINDNER: THE ECONOMIC SITUATION IS DETERIORATING — *Walter Bloomberg (@DeItaone) August 10, 2022 German front yr power futures have reached 411 €/MWh today. Germany consumes about 500 TWh electricity annually. So at current prices the economy's power bill …

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CNBC: “Midwest power & energy situation bad and getting worse. Power costs up 300%, Utility bills may go up 50%. Yes, 50%” | NPR: Rents across U.S. rise above $2,000 a month for the first time ever

Midwest power & energy situation is bad and getting worse. Power costs up 300% from last June as officials weren't ready for a spike in power demand. Utility bills may go up 50%. Yes, 50% A quick post here .. …

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