Wednesday, August 12, 2026
Economy
US Fed holds rates and pencils in just one cut this year
Washington (AFP) - The US Federal Reserve left its key lending rate unchanged on Wednesday and penciled in just one...
Brazil’s Lula defends oil exploration near Amazon River
Rio de Janeiro (AFP) - Brazil's President Luiz Inacio Lula da Silva said Wednesday that a controversial offshore oil exploration...
Ford says to cut 1,600 more jobs at Valencia factory
Madrid (AFP) - US carmaker Ford on Friday said it would seek to cut another 1,600 jobs at its factory...
FedEx to cut up to 2,000 jobs in Europe
New York (AFP) - FedEx will eliminate up to 2,000 jobs in Europe as part of a cost-cutting drive in...
US unveils sweeping sanctions targeting Russia over Ukraine war
Washington (AFP) - The United States announced a raft of new sanctions Wednesday aimed at constraining Moscow's war in Ukraine...
UN chief says global tensions threaten international trade
Geneva (AFP) - The international trading system is on the brink of fragmenting amid rising geopolitical tensions, UN Secretary-General Antonio...
US consumer inflation eases ahead of Fed interest rate decision
Washington (AFP) - Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave...
US consumer inflation falls before Fed interest rate decision
Washington (AFP) - US consumer inflation continued to cool last month, according to US government data published Wednesday, giving the...
‘Selective’ UAE courting US, not China, on AI: minister
Dubai (AFP) - The United Arab Emirates is in "complete alignment" with the US on developing artificial intelligence, the oil-rich...
EU to hit Chinese electric cars with tariffs of up to 38%
Brussels (Belgium) (AFP) - The European Union warned on Wednesday it would slap additional tariffs of up to 38 percent...
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