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WASHINGTON — Federal Reserve's preferred inflation gauge shows still-persistent underlying price pressures. Sourse: abcnews.go.com

WASHINGTON — The Biden administration is launching a multi-agency effort to encourage states and cities to convert more empty office buildings into housing units, with billions of federal dollars available to help spur such transitions. The new initiative, announced Friday…

MOSCOW — Russia's Central Bank on Friday raised its key lending rate for the fourth time in half a year in an effort to bring down surging inflation. The bank raised the rate to 15%, up 200 basis points. The…

BRUSSELS — As distant as the prospect of peace might seem, European Union leaders believe it is time to start laying the foundations for a future relationship between Israel and the Palestinians where the militant group Hamas doesn't control Gaza.…

Exxon Mobil’s third-quarter profit declined compared with last year when the oil giant put up record numbers as oil prices soared, but net income jumped 15% compared with the previous quarter. It also raised its quarterly dividend. Those lofty crude…

LONDON — An independent probe on Friday found “serious failings” in how NatWest Group's private and exclusive Coutts Bank shut down the account of the right-wing British politician Nigel Farage. Law firm Travers Smith was appointed to conduct a review…