Browsing: Economy

LONDON (Reuters) -The Bank of England raised interest rates more than expected by half a percentage point on Thursday after it said there had been “significant”…

U.S. stocks shook off early weakness to end mostly higher Thursday as investors digested fresh commentary from Federal Reserve Chairman Jerome Powell and a raft of…

By David Milliken and Suban Abdulla LONDON (Reuters) -The Bank of England surprised many investors by raising interest rates half a percentage point on Thursday, saying…

A focus on forced labor and enforcement actions to fight against it are “here for some time,” according to a U.S. Customs and Border Protection official.…

By Ali Kucukgocmen and Can Sezer ISTANBUL (Reuters) -Turkey’s central bank hiked its key rate by 650 basis points to 15% on Thursday and said it…

Federal Reserve Chair Jerome Powell on Thursday said it is possible that U.S. inflation can cool without a large increase in the unemployment rate. At a…

LONDON (Reuters) – Inflation is cooling, meaning major central banks can start to think about ending interest rate hikes even if most are not there just…

President Joe Biden on Thursday said he expects to meet with Chinese President Xi Jinping in the “near term,” even as he stood by calling Xi…

Gen Z (people born between 1997 and 2012) is turning to an old-school trick to save money – carrying cash. A whopping 69% of Gen Z…

PARIS (Reuters) – The International Monetary Fund has reached its target of making $100 billion in special drawing rights available for vulnerable countries, Managing Director Kristalina…