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Euro jumps after ECB raises rates but stocks diverge
The euro got a boost after the European Central Bank raised interest rates to a 22-year high on Thursday, while stocks diverged a day after the Federal Reserve signalled it would resume raising borrowing costs after a pause.
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ECB hikes rates to 22-year high and says not done yet
The European Central Bank hiked interest rates to a 22-year high Thursday and said another increase in July was "very likely", as it pushed ahead with its fight against inflation despite a darkening eurozone economy.
US trade chief seeks supply chain redesign to boost resilience
Global supply chains need to be redesigned to boost their resilience, US Trade Representative Katherine Tai is expected to say Thursday, stressing that this is "vital for greater national and economic security."
Stocks wobble after ECB raises rates, lowers growth forecast
Stock markets wavered Thursday as the European Central Bank raised interest rates to a 22-year high, a day after the Federal Reserve signalled it would resume raising borrowing costs after a pause.
Actor Gerard Depardieu selling art collection
French actor Gerard Depardieu, who faces mounting problems over his private life, is to sell much of his art collection worth an estimated 3-5 million euros, his auctioneers announced Thursday.
Kenya government unveils budget to opposition walkout
Kenyan President William Ruto's government presented its maiden budget to parliament on Thursday but was met with a walkout by protesting opposition MPs.
US retail sales grow at slower pace on falling gas station sales
Retail sales in the United States grew at a slower pace in May but still came in stronger than expected, according to government data released Thursday, on the back of falling gas station sales.
ECB hikes rate to 22-year high as inflation still 'too high'
The European Central Bank on Thursday said eurozone inflation was still too elevated as it hiked interest rates for an eighth consecutive time to a two-decade high, despite a darkening economic outlook.
European markets mostly drop before ECB
Europe's stocks mostly fell Thursday before an expected European Central Bank interest rate increase, and after the US Federal Reserve paused its rate-hiking cycle but signalled more to come.
Markets mostly up as Fed holds rates, China cuts
Most markets rose Thursday after the Federal Reserve decided against hiking interest rates while China's central bank cut borrowing costs to kickstart the struggling economy.
TikTok to spend billions in SE Asia as e-commerce move pays off
TikTok's chief executive said Thursday the company would pour billions of dollars into Southeast Asia in the coming years, as a report showed its nascent venture into online shopping is paying off.
Markets mixed as Fed holds rates, China cuts
Markets were mixed Thursday after the Federal Reserve decided against hiking interest rates while China's central bank cut borrowing costs to kickstart the struggling economy.
Airport threatens Albania's fragile wild paradise
Flamingos and Dalmatian pelicans laze in the azure waters of a shallow lagoon near Albania's Adriatic coast.
ECB tipped to hike rates again, as Fed hits pause
The European Central Bank is expected to again hike interest rates on Thursday and signal that the fight against inflation is not over yet, analysts said, even as the eurozone falls into recession.
AIIB serves China's Communist Party: Canadian former executive
China's ruling Communist Party dominates the Asian Infrastructure Investment Bank and uses it to further its interests, a former executive has alleged in claims that prompted Canada to suspend participation in the institution.
Asian markets rise as Fed holds rates, China cuts
Asian markets rose Thursday after the Federal Reserve decided against hiking interest rates and China's central bank cut borrowing costs as officials look to kickstart the struggling economy.
China central bank cuts key interest rate to boost economy
China's central bank cut a key interest rate and injected $33 billion into financial markets Thursday, as data showed the world's second-largest economy was flagging.
Lithium boom comes to Brazil's 'misery valley'
In a cloud of gray dust, a heavy-duty excavator loads a truck with stone blocks containing lithium, the "white gold" of the clean-energy revolution, which some hope will transform this parched, impoverished region of Brazil.
Marvel swaps superpowers for spies in 'Secret Invasion'
Alien conspiracies, Oscar winners and hardly a superhero in sight: Marvel is taking its record-breaking franchise in a new direction with "Secret Invasion," a spy thriller starring Samuel L Jackson, Olivia Colman and Emilia Clarke.
US music publishers hit Twitter with copyright suit
Major music publishers on Wednesday filed a federal lawsuit accusing Twitter of failing to stop "rampant" copyright infringement on the platform.
Bitmanu's Revolutionary ASIC Miners Technology Reshape Crypto Landscape
NEW YORK, June 14, 2023 (GLOBE NEWSWIRE) -- The global crypto landscape has recently experienced the emergence of a new sensation in the form of a suite of ASIC miners from Bitmanu. Many industry stalwarts consider these mining rigs to be nothing less than a technological marvel that has the potential to change the way crypto mining will be done in the years to come.
Split decision in US stocks as market digests mixed messages from Fed
Wall Street indices moved in opposite directions Wednesday after digesting a mixed Federal Reserve decision that paired a pause in interest rate hiking with a signal for more tightening ahead.
Poles protest restrictive abortion law after pregnant woman dies
Several thousand people took to streets in Poland Wednesday to protest a near-total ban on abortion that they blame for a new case of a death of a pregnant woman.
Fed pauses interest rate hikes but signals more tightening ahead
The US Federal Reserve voted Wednesday to pause its aggressive campaign of interest rate hikes despite "elevated" inflation, while indicating a sharp increase could be needed before the end of the year.
Swedish inflation dips, Beyonce blamed for high prices
Swedish inflation dipped under 10 percent in May, official statistics showed Wednesday, but was still higher than expected with some analysts suggesting superstar Beyonce had tipped the scales.
Vodafone, Three announce plan for biggest UK mobile group
Mobile phone giant Vodafone has agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to create Britain's biggest operator with 27 million customers and accelerate rollout of faster 5G connectivity, the pair said Wednesday.
Dominance, data, disinformation: Europe's fight with Big Tech
The European Commission, which said Wednesday that Google had abused its online ad dominance, has taken the fight to US tech giants on a variety of fronts -- from tax avoidance, disinformation and hate speech to data privacy and monopolistic practices.
Stock markets mixed ahead of Fed rate decision
European markets rose but Wall street wavered on Wednesday as investors awaited the US Federal Reserve's latest monetary policy decision, with traders expecting a pause in its rate-hike campaign.
Conduent Transportation Selected to Provide New EMV Contactless Payment Technology for Buses in Verona, Italy
Pilot project of the new technology will begin on a Verona airport bus line this month
Oreo-maker faces Scandinavia boycott over Russia
Scandinavian organisations are boycotting US group Mondelez, maker of snacks like Oreo and Toblerone, due to the group's continued presence in Russia, as Norway's government held a meeting Wednesday with several actors.
Arab states account for quarter of record Israel arms exports
Israeli defence exports hit an all-time high of $12.5 billion last year, with Arab countries that recently established ties accounting for nearly a quarter of purchase contracts, officials said Wednesday.
Vodafone, Hutchison announce merger of UK mobile ops
Mobile phone giant Vodafone has agreed to merge British operations with Three UK, owned by Hong Kong-based CK Hutchison, to accelerate rollout of faster 5G connectivity, the pair announced Wednesday.
EU says Google abused dominant positions in online ads
The European Commission accused Google on Wednesday of abusing its dominance of the online ad market and recommended the US company sell part of its ad services to ensure fair competition.
Erdogan hints at rate hike after election victory
Turkish President Recep Tayyip Erdogan signalled Wednesday that he would let his new economic team hike interest rates to combat inflation and stabilise the lira, reversing an era of unconventional policies.
Shell maintains oil output levels, sparking outcry
Shell plans to maintain oil production levels until 2030, the British energy giant said Wednesday, triggering an outcry from green campaigners who also slammed a big payout for shareholders.
German stock market hits record on Fed rate pause hope
Europe's stock markets jumped and the dollar weakened Wednesday with Frankfurt striking a record on hopes that the Federal Reserve would pause its interest-rate hiking cycle.
ArcelorMittal and John Cockerill announce plans to develop world’s first industrial scale low temperature, iron electrolysis plant
Volteron™ plant targeted to start-up in 2027
Markets mixed as US inflation data open way for Fed rates pause
Asian markets were mixed Wednesday after data showed US inflation fell further last month, ramping up expectations the Federal Reserve will finally pause its interest rate hike campaign.