Al Jazeera English·
US Fed holds interest rates steady citing ‘elevated’ inflation
Elevated inflation partly reflects supply shocks that that have increased prices, including of energy, the Fed said.
‘Dodged a bullet’: inflation eases to 3.8%, reducing chances of interest rate rise for Australia’s mortgage holders
The Guardian World•
ABS data shows inflation still too high but tracking lower than anticipated Australian mortgage-holders have “dodged a bullet’, with the Reserve Bank now less likely to hike rates next month after…
Read Full Article on The Guardian WorldRelated stories
Der Spiegel·
Fed again leaves key interest rate unchanged
Despite Iran war and high inflation: Kevin Warsh, head of the Federal Reserve, keeps the key interest rate as expected stable. The interest rate range remains at 3.50 to 3.75 percent.
Al Jazeera English·
South Korea’s stock market plunges as AI-driven boom fades
The benchmark KOSPI .KS11 sees steep decline as interest in chipmakers falls.
TechCrunch·
US government bans new foreign-made humanoids, robot dogs, and solar inverters, citing risks to national security
The ban largely affects U.S. imports from China, which currently dominates the global market for making humanoid robots and solar inverters.
The Guardian World·
Revealed: George Cottrell transferred $2m to his mother days before her donations to Reform UK
Exclusive: Sources say Fiona Cottrell told bankers the transfers, received 24-72 hours before her donations to Reform, came from her son The convicted fraudster George Cottrell transferred a total of…
BBC Business·
What happens here has a big impact on your money
BBC business reporter Dearbail Jordan explains how it works from inside the Bank of England.