Predicting rises in petrol prices and other goods that the UK buys in from abroad, the Bank said inflation would rise from 1.3% this year to 2.7% in 2017 and 2018, higher than in its last set of forecasts three months ago. Source: Guardian
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U.S. gasoline demand fell 2.4 percent in February from a year earlier, the second straight monthly decline, according to data released on Friday by the U.S. Energy Information Administration that suggested the market may have trouble repeating last year’s record volumes. Gasoline demand fell 218,000 barrels per day to 8.988 million bpd in February, according to the EIA’s petroleum supply monthly report. Source Reuters
Turkey and Russia have reached an agreement in principle on the delivery of Russian-made S-400 long-range surface-to-air missile systems to the Turkish side and are negotiating the price and joint production issues, Turkey’s Foreign Minister Mevlut Cavusoglu said on Friday. Source Tass
The Turkish Intel Agency MIT has been ordered by president Erdogan to start preparing Albanians in the Balkans to wage war against Serbia, Macedonia and Montenegro, reports Serbian daily Informer. For over six months, preparations have been underway for Turkey to establish control over the Balkans, using albanians as their proxies. Attack is planned on North Kosovo, but also southern Serbia, NW Macedonia (Skopje and Kumanovo) and southern Montnegro (Ulcinj). MIT operatives are coordinating all their activities from Pristina. Source Mina