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Last Week's Economy Started Badly, But Ended on a Good Note

Sun, 06/10/2012 - 1:39am — Sin-Mao Yang

A week ago, the economy was looking pretty bad. China and India’s economic growth have slowed. Before Europe even has a chance to fully deal with the Greek crisis, another one sprang up: Spain. In the U.S., unemployment went up slightly in May and job growth slowed. It’s just all bad news for the global economy.

 

Exclusive: U.S., Britain to agree emergency oil stocks release

Britain has decided to cooperate with the United States in a bilateral agreement to release strategic oil stocks, two British sources said, in an effort to prevent high fuel prices derailing economic growth in a U.S. election year.

 

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