Economy

Washington (AFP) - When businessman Travis McMaster shifted more manufacturing of his products out of China, and into India, he...

IMF proposes US Treasury official as second-in-command

Washington (AFP) - The IMF has proposed appointing the US Treasury Department's chief of staff as its new number-two official,...

Costs of Russian, Chinese cyberattacks on German firms on rise: report

Berlin (AFP) - Cyberattacks and sabotage, mainly from Russia and China, have caused record damages for German firms this year,...

Bank of England holds rate as inflation stays high

by Natalie Fisher

London (AFP) - The Bank of England kept its key interest rate at four percent Thursday, as elevated UK inflation...

Canada central bank cuts key lending rate citing Trump tariffs

by David Peterson

Toronto (Canada) (AFP) - Canada's central bank cut its key lending rate on Wednesday, offering a boost to borrowers in...

US Treasury official expected to be named IMF’s second-in-command: source

by Thomas Barnes

Washington (AFP) - The US Treasury Department's chief of staff is anticipated to join the International Monetary Fund (IMF) in...

AI may boost global trade value by nearly 40%: WTO

Geneva (AFP) - Artificial intelligence could boost the value of global trade by almost 40 percent by 2040 thanks to...

EU says India’s Russian oil purchases, military drills hinder closer ties

by Andrew Murphy

Brussels (Belgium) (AFP) - India's participation in military exercises with Moscow and its purchases of Russian oil "stand in the...

US Fed set for first rate cut of 2025 as Trump pressure looms

by Andrew Murphy

Washington (AFP) - The US Federal Reserve is poised to make its first interest rate cut of 2025 on Wednesday,...

Lower shipments to US, China weigh on Singapore August exports