Wednesday, May 14, 2025
Economy
Switzerland kickstarts rate cuts for major central banks
Zurich (AFP) - The Swiss National Bank on Thursday became the first major central bank to cut interest rates after...
Panama Canal administrator hopes traffic normalizes by February 2025
Panama City (AFP) - Traffic through the Panama Canal could return to normal by next February, its administrator said, after...
Turkey’s central bank hikes rate to 50% as inflation rises
Istanbul (AFP) - Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of...
Switzerland becomes first developed economy to cut interest rate
Zurich (AFP) - The Swiss National Bank cut interest rates on Thursday -- the first to do so among the...
High inflation in Turkey dampens Ramadan’s high spirits
Istanbul (AFP) - As the sun sets over the Bosphorus, a long queue forms on a street in Istanbul as...
Nuclear’s EU comeback on show at Brussels summit
Brussels (Belgium) (AFP) - Promoting nuclear power was long taboo in Brussels, but a high-profile international summit Thursday will send...
Bank of England to hold rate despite slowing inflation
London (AFP) - The Bank of England is widely expected to keep its main interest rate at a 16-year high...
US Fed holds key rate, still sees 3 cuts in 2024
Washington (AFP) - The US Federal Reserve voted Wednesday to keep interest rates at a 23-year high for a fifth...
Biden unveils almost $20 bn for Intel to boost US chip production
Chandler (United States) (AFP) - US President Joe Biden unveiled almost $20 billion in grants and loans Wednesday for Intel's...
US Fed holds key rate, pencils in 3 cuts this year
Washington (AFP) - The US Federal Reserve voted Wednesday to hold interest rates at a 23-year high for a fifth...
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