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Commonwealth finance ministers demand systemic changes to world financial architecture
Commonwealth finance ministers call for systemic reform of global financial architecture Finance ministers from various Commonwealth countries have called for a systemic reform of the global financial architecture to enhance access to development financing for vulnerable countries. Their collective call for reform came at the Commonwealth Finance Ministers High-Level Working Group Meeting in Washington D.C. on 14 April 2023. At the inaugural Commonwealth Finance Ministers High-Level Working Group Meeting held on the margins of the 2023 World Bank Group and International Monetary Fund (IMF) Spring Meetings, finance ministers discussed national fiscal policies, measures for financial sustainability, eligibility criteria for development finance and potential reforms required for a more equitable financial…
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Decline in gasoline demand a ‘noticeable’ and ‘permanent change,’ says analyst
A decline in gasoline consumption in the U.S. could be a trend that’s here to stay, according to one analyst. “There has been a noticeable, and I believe permanent, change toward lower gasoline demand,” Andy Lipow of Lipow Oil Associates told Yahoo Finance. The analyst noted that demand peaked between 2017 and 2019 at just over 9.3 million barrels per day, according to data from the U.S. Energy Information Administration (EIA). The lockdowns during the pandemic impacted demand in 2020 and 2021. However 2022’s level was down 0.5{9f99fe44fce1aa3c813d0a0ce4da2fbea8a5a58e9d85c4a2927dd8140cb676b5} from the prior year. Indications of gasoline demand in 2023 are thus far running behind 2022. “It is the case, in part,…
/cloudfront-us-east-2.images.arcpublishing.com/reuters/2QYIEZ6JTNJFHIKBOBTZFNNSK4.jpg "China’s ‘most comprehensive’ rescue package for property sector lifts stocks, bonds")
