Browsing: Business

The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and boost the weakening labor market.

Idris Elba fronts the UAE’s ‘Invest in the Emirates’ campaign, which seeks to attract global innovators by showcasing the country’s thriving business environment and support for ventures.

The Federal Reserve’s upcoming rate decision could signal broader concerns about the economy, with analysts divided over the size of the expected cut.

Wells Fargo faces enforcement action from the OCC for deficiencies in anti-money laundering practices, impacting its financial crime risk management and controls.

Russia’s Central Bank raised its key interest rate to 19%, citing persistent inflation driven by increased defense spending amid the ongoing war in Ukraine.

European Central Bank lowers key rate to 3.5% as it aims to counter slowing economic momentum and maintain inflation near the target level in challenging times.

OBR projects UK public debt could rise to 274% of GDP by 2074 due to ageing population, rising healthcare costs, and climate change impacts, requiring immediate fiscal reforms.

Nearly 415 bank branches in the UK are slated for closure by the end of 2024, impacting local access to financial services.

UBS report reveals mixed wealth disparities across Europe with some nations showing effective economic management and others struggling.

Inflation concerns dampen hopes for significant Fed rate cuts, leading to a downturn in U.S. stocks with the Dow dropping 414 points and S&P 500 faltering.