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Russian Oil Flows Surge in Sign US Sanctions Starting to Crumble

(Bloomberg) -- US sanctions on Russia’s oil tanker fleet are showing signs of faltering, after a clutch of blacklisted vessels loaded cargoes for the first time in more than a year to drive up the country’s crude shipments.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Diller Scofidio + RenfroEl

Oil CEOs Back Trump’s Energy Agenda as Crude Hits Fresh Low

(Bloomberg) -- Executives from some of the world’s top oil and gas producers offered full-throated support for President Donald Trump’s “Energy Dominance” on Monday, even as financial markets slumped on broader concerns about his economic agenda.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers Dil

Hungary's leader orders price controls on basic foods as inflation spikes

Hungary's government will limit the profit margin for grocers on a number of basic food items, the prime minister said on Tuesday, a response to growing inflation hitting consumers in the Central European country. Prime Minister Viktor Orbán said in a video on social media that commercial grocers must limit their markup to no more than 10% of wholesale price on 30 different food items, a policy that would be in effect from mid-March until the end of May, but could be extended. "In order to curb excessive and unjustified price increases, we have been negotiating with representatives of commercial chains in recent days," Orbán said.

Stricken Oil Tanker in North Sea Smolders With Hole in Side

(Bloomberg) -- A US oil tanker that was struck by a container ship in the North Sea on Monday was smoldering with a gaping hole in its side, footage broadcast by BBC News showed.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoning Reform Will Add HousingInside the ‘Not Architecture’ of High Line Designers

NYC Toll Projected to Boost Economy by as Much as $1.3 Billion

(Bloomberg) -- New York City’s regional economy may gain as much as $1.3 billion annually as a new toll to drive along Manhattan’s busiest streets eases traffic gridlock and benefits business activity, according to a civic group focused on economic health.Most Read from BloombergNJ College to Merge With State School After Financial StressNYC Congestion Pricing Toll Gains Support Among City ResidentsBuffalo’s Billion-Dollar Freeway Fix Is on Ice, But Not Because of TrumpWhere New York City's Zoni