A walkway near the Bank of England (BOE) in the City of London, UK, on Thursday March 18, 2021. Hollie Adams | Bloomberg | Getty Images LONDON — The bank of england On Thursday, it raised interest rates by 50 basis points and recalled some of its previous bleak economic forecasts. The monetary policy committee … Read more
US President Joe Biden and European Commission President Ursula von der Leyen. Bloomberg | Bloomberg | Getty Images The European Union is working against the clock to create an agenda to compete with the president Joe Bidenunprecedented climate subsidies. But he will face two key problems in the process. The EU had long asked the … Read more
U.S. House Speaker Kevin McCarthy (R-CA) speaks with reporters after meeting with U.S. President Joe Biden to discuss the federal debt and spending limit, at the White House in Washington, February 1, 2023. Kevin Lamarque | Reuters WASHINGTON — House Speaker Kevin McCarthy said he had a “really good discussion” with President Joe Biden at … Read more
Britain’s Prime Minister Rishi Sunak speaks during a question and answer session at Teesside University on January 30, 2023. Oli Scarf | Swimming pool Wpa | Getty Images The UK has formally outlined plans to regulate the cryptocurrency industry, with the government seeking to curb some of the reckless business practices that have emerged over … Read more
A screen displays the Fed’s rate announcement as a trader works on the floor of the New York Stock Exchange (NYSE), November 2, 2022. Brendan McDermid | Reuters The US Federal Reserve, European Central Bank and bank of england are all expected to raise interest rates again this week as they make their first policy … Read more
The Federal Reserve is poised to raise interest rates after seven hikes last year, as the central bank attempts to rein in inflation while averting a recession. The Fed’s monetary policy committee meets in the nation’s capital from Jan. 31 to Feb. 31. 1 for its first meeting of 2023. The country continues to face … Read more
The International Monetary Fund (IMF) has slightly raised its outlook for global growth in 2023 due to “surprisingly resilient” demand in the United States and Europe and the reopening of the Chinese economy after Beijing abandoned its strategy. zero COVID strict. The IMF has said global growth will fall further to 2.9% in 2023 from … Read more
BEIJING — China’s consumption recovery from zero-Covid is off to a strong start — after a depressing fourth quarter. When Michelin-starred restaurant Dreaming reopened on Thursday after a Lunar New Year break, it was fully booked, said Edward Suen, chief operating officer of the Guangzhou site. Reservations for the next three days were close to … Read more
Last week, the well-known consumer electronics and digital technology leader, Samsung, announcement a new partnership with IntelliTek Health, a company that has developed a patient-centric virtual assistant tool. The goal of the partnership is to use artificial intelligence technology and digital voice assistance to enable healthcare providers to deploy their services through Samsung products. IntelliTek … Read more
People line up to attend a job fair at SoFi Stadium on September 9, 2021 in Inglewood, California. Patrick T. Fallon | AFP | Getty Images These days, the United States unemployment system is a bit of an anomaly. Almost three years after the Covid-19 pandemic caused the worst jobless crisis in the United States … Read more