Showing 1 - 10 of 790
Europe's defence sector seeks EU clarity, greater efficiency
AFP, Published on 01/12/2023
» BRUSSELS: Europe is ploughing billions into its defence industry, with record sums being spent since Russia's all-out invasion of Ukraine, but experts say the EU must make bolder moves to be battle ready.
US Fed keeps interest rates at 22-year high
AFP, Published on 02/11/2023
» WASHINGTON - The US Federal Reserve voted Wednesday to hold interest rates at a 22-year high for a second straight meeting, as it moves to slow stubborn inflation without damaging the strong economy.
How Belize became a poster child for 'debt-for-nature' swaps
AFP, Published on 16/10/2023
» NEW YORK - When Covid hit Belize, its economy nosedived: closed borders meant fisheries and farmers had no export markets, and tourism centered on the tiny Central American nation's warm waters and wonders of biodiversity came to a halt.
Stocks bounce despite China rate cut failing to ease worries
AFP, Published on 21/08/2023
» LONDON: European and US stocks rebounded on Monday but Asian markets ended mixed after a Chinese rate cut failed to reassure investors worried about the outlook for the world's number two economy.
50 years on, the enduring myth of Stockholm Syndrome
AFP, Published on 21/08/2023
» STOCKHOLM - "Get down to the floor! The party begins!" Shouting in English, Jan-Erik Olsson walked into a Stockholm bank on August 23, 1973, high on drugs, agitated and waving a submachine gun.
Stock markets diverge on mixed US jobs data
AFP, Published on 04/08/2023
» LONDON: Stock markets diverged on Friday, with US stocks pushing higher after positive earnings and a tepid jobs report that could help the Federal Reserve hold off on further interest rate hikes.
Sri Lanka unveils debt restructuring plan
AFP, Published on 29/06/2023
» COLOMBO: Sri Lanka's central bank on Thursday unveiled a far-reaching domestic debt restructuring plan aimed at restoring stability after an economic and political crisis last year that led to the toppling of then-president Gotabaya Rajapaksa.
US averts first-ever default with 11th-hour debt deal
AFP, Published on 02/06/2023
» WASHINGTON: United States senators voted to suspend the federal debt limit Thursday, capping weeks of fraught negotiations to eliminate the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
Lawsuits pile up over Credit Suisse bonds write-down
AFP, Published on 24/05/2023
» ZURICH: Switzerland's justice authorities said Tuesday that 230 complaints had been filed over a decision by financial regulators to cut the value of high-risk Credit Suisse bonds to zero, to facilitate the stricken bank's takeover by UBS.
Bank of Japan maintains monetary easing but plans review
AFP, Published on 28/04/2023
» TOKYO - The Bank of Japan announced a review of its longstanding monetary easing measures on Friday, but said it would maintain them for the time being in the first policy decision under new governor Kazuo Ueda.