EU nears total ban of Russian oil The European Union Wednesday was getting closer to a deal of phasing out Russian oil imports — proposing a complete oil embargo on the country by banning the import of crude oil within the next six months and refined oil products by the end of the year.
Most Americans ever quit in March Tightness in the labor market has resulted in there being nearly two open jobs for every unemployed worker, as companies struggle to find enough employees to meet rebounding demand during the pandemic recovery. The pressure on wages, as employees quit for better jobs or pay elsewhere, is reinforcing expectations the central bank will lift borrowing costs by half a percentage point on Wednesday.
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