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Middle East war has triggered surge in crude prices that threatens global economy
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Rising oil prices, part of the fallout of the conflict with Iran, are shaking global stock markets and pushing gas prices toward $4 a gallon.
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World shares tumbled on Monday, with Japan's benchmark Nikkei 225 index plunging more than 5%, after oil prices spiked at nearly $120 a barrel.
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Iran war expected to derail rate-cut plans as policymakers learn lessons from inflation caused by Ukraine invasion
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Middle East crisis live: Israel resumes strikes across Tehran and Beirut; finance ministers prepare to discuss surging oil prices The GuardianLive updates: Iran war news; Tehran names new leader, oil and gas prices soar CNNIN PHOTOS | Day 10: U.S.-Israel war with Iran CBCIran war live: Tehran says US wants to ‘partition country, take oil' Al Jazeera
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The war in the Middle East has sent prices soaring, showing how much the world continues to depend on reliable supplies of oil and gas.
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Oil Tops $100 as War Rages, US Stock Futures Drop: Markets Wrap BloombergG7 to discuss joint release of emergency oil reserves, FT reports ReutersG7 to discuss joint release of emergency oil reserves Financial TimesG7 to discuss joint release of emergency oil reserves - report The Times of Israel
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Markets suggest the ramifications are likely to drag on and spread
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Dow Jones Futures Dive As Oil Surges Above $110. Iran Names Khamenei's Son As Supreme Leader. Investor's Business DailyOil Could Break its All-Time Record and Hit $148 Per Barrel This Week Yahoo FinanceThree small-cap energy stocks flash 'A' profitability amid $90 Oil surge (FLNG:NYSE) Seeking AlphaBREAKING: Massive Oil Price Increases The Bulwark
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The conflict has hit Europe and Asia harder than the United States, with rising shipping costs and energy prices.
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Chief Financial Officers (CFOs) are apparently eager to invest in technology to help attract — and keep — finance talent and workers with artificial intelligence (AI) and machine-learning (ML) skills, according to a new survey.
Financial services and human resources software vendor Workday last week released its latest Global CFO Indicator Survey, which indicates that nearly half (48%) of CFOs plan to invest in consumer-like interfaces to attract future finance talent within the next five years — and 57% say they now want AI and ML skills in new hires.
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