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US Fed official lauds 'very good' progress on inflation
US Fed official lauds 'very good' progress on inflation
Economy
by  AFP

The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday. Inflation at the consumer level has slowed sharply since peaking last summer but it remains elevated, while the economy is showing signs of continued resilience.

Finland gas pipe likely damaged by 'mechanical force': police
Finland gas pipe likely damaged by 'mechanical force': police
Economy
by  AFP

Finnish authorities on Wednesday said the leak leading to the shutdown of a natural gas pipeline from Estonia to Finland appeared to have been caused by "mechanical" force and not a blast. It will take at least five months to repair the pipeline, its operator said Wednesday, which will leave Finland totally dependent upon liquefied natural gas imports for the winter.