Wednesday, July 2, 2025
Economy
Bank of Japan raises interest rate for second time in 17 years
Tokyo (AFP) - The Bank of Japan further unwound its massive monetary easing programme on Wednesday by hiking interest rates...
Samsung Electronics Q2 shows fastest growth in over a decade
Seoul (AFP) - Samsung Electronics Wednesday reported its fastest growth since 2010, with operating profits soaring for the second quarter,...
German economy unexpectedly shrinks in second quarter
Frankfurt (Germany) (AFP) - The German economy unexpectedly shrank in the second quarter, preliminary data showed Tuesday, falling further behind...
Ethiopia gets IMF relief after easing forex curbs
Addis Ababa (AFP) - Cash-strapped Ethiopia eased foreign exchange curbs on Monday as part of a broad economic reform package...
Ethiopia currency slides as central bank eases forex curbs
Addis Ababa (AFP) - Ethiopia's central bank announced on Monday that it was easing curbs on its foreign exchange regime,...
US Fed could open the door to a September rate cut this week
Washington (AFP) - The US Federal Reserve may signal this week that interest rate cuts are on the way --...
Defying downturn, auction houses bid high on Hong Kong
Hong Kong (AFP) - Three of the world's top auction houses are racing to expand in Hong Kong, eager to...
G20 pledges to work together to tax ultra-rich
Rio de Janeiro (AFP) - G20 nations have agreed to work together to make the super-rich pay their taxes, but...
US Fed’s favored inflation measure cools further in June
Washington (AFP) - The US Federal Reserve's favored inflation measure eased further in June, according to government data published Friday,...
UK to reveal £20 bn hole in public finances: reports
London (AFP) - Britain's new Labour government will announce next week that the country's public finances have an additional hole...
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