Economy - PRESS AI WORLD
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ECONOMY
Trump Abandons 20% Toll on Strait of Hormuz, Shifts to Gulf Investment Deals

Trump announced the abandonment of a proposed 20% toll for ships in the Strait of Hormuz, shifting focus to investment agreements with Gulf states.

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ECONOMY
Warren Buffett Halts Donations to Gates Foundation Amid Epstein Controversy

Warren Buffett has ceased contributions to the Gates Foundation following revelations about Bill Gates' ties to Jeffrey Epstein.

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ECONOMY
Oil Prices Surge as US-Iran Tensions Escalate in Strait of Hormuz

Oil prices hit a one-month high amid rising tensions between the US and Iran affecting global energy supplies.

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ECONOMY
Bipartisan Housing Reform Becomes Law Despite Trump’s Non-Signature

Bipartisan housing reform bill becomes law despite Trump’s refusal to sign, aiming to address America’s housing affordability crisis.

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ECONOMY
EasyJet Accepts £5.7 Billion Takeover Offer From Apollo, Overriding Castlelake Bid

EasyJet agrees to a £5.7 billion takeover offer from Apollo, surpassing Castlelake's bid amid a potential bidding war.

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ECONOMY
SK Hynix Achieves Record $26.5 Billion IPO Amid AI Surge

SK Hynix raises $26.5 billion in a landmark IPO as investor interest in AI chips soars, marking the largest US listing by a foreign firm.

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ECONOMY
Trump Enables Ukraine to Produce Patriot Missile Interceptors Amid Ongoing Conflict

Trump announces Ukraine will be licensed to manufacture Patriot missiles, a potential game-changer in defense against Russian strikes.

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ECONOMY
IMF Downgrades Global Growth Forecast Amid Iran War Tensions

IMF revises global growth forecast to 3% for 2026, citing rising energy prices and geopolitical tensions from the Iran war.

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ECONOMY
Oil Prices Surge Amid Renewed US-Iran Tensions and Military Strikes

Oil prices spike as US military actions against Iran rekindle fears of disruptions to oil supply through the Strait of Hormuz.

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ECONOMY
Samsung Forecasts Record 19-Fold Profit Jump Driven by AI Chip Demand

Samsung Electronics expects a significant increase in profits thanks to rising demand for AI-driven memory chips, projecting operating profits to leap 19-fold.

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