Bank of England Hikes Interest Rates to 1.75%
The Bank of England (BoE) has hiked interest rates by 0.5% points to 1.75%, the biggest increase in 27 years. The BoE said that because of the latest surge in [...]
China Hits Taiwan with Trade Curbs Amid Nancy Pelosi's Visit
China halted some trade with Taiwan in retaliation to the high-profile visit of US House Speaker Nancy Pelosi to the island, with more disruptions likely as political tensions intensify. China suspended some [...]
Sri Lanka Set to Restart Bailout Talks with IMF
Sri Lanka's new President Ranil Wickremesinghe told parliament on Wednesday that talks with the International Monetary Fund (IMF) for a bailout package would restart in August as the country wrestles [...]Kenya UAE Set to Sign a Trade Deal to Deepen Investment Ties
Kenya and the United Arab Emirates have announced plans to start negotiations on a Comprehensive Economic Partnership Agreement (CEPA), the first trade deal that the UAE signs with an African nation. [...]Fed Hikes Interest Rate by 0.75% to Fight Rising Inflation
Federal Reserve officials raised interest rates by 75 basis points for the second straight month. Chair Jerome Powell said a similar move was possible again, rejecting speculation that the US [...]IMF Cuts Global Growth Outlook Warning High Inflation Could Lead to a Recession.
The International Monetary Fund (IMF) cut global growth forecasts again on Tuesday, warning that downside risks from high inflation and the Ukraine war were materializing and could push the world [...]China's Economy Rebounds in July Despite Housing and Covid Woes
China’s economic recovery gained momentum in July as business activities resumed and confidence improved, despite disruptions from sporadic Covid outbreaks across the country. Small business confidence improved on stronger expectations [...]Moove Partners with Uber for Vehicle Financing in India
Moove, the world’s first mobility fintech and Uber’s largest vehicle supply partner in EMEA, has inked a deal with Uber in India to provide auto financing for drivers in the [...]American Airlines Posts $476 Million Profit in Q2 2022
American Airlines has posted a $476 million profit for Q2 2022, its first profit without COVID aid. The profit compares with just $19 million during the same period, last year. [...]easyJet Orders 56 Airbus A320neo Aircraft
easyJet has confirmed a firm order for 56 A320neo Family aircraft following shareholder approval. The order is part of easyJet’s fleet renewal and up-gauging, cost and sustainability enhancements to the business, and [...]Netflix Projects Return to Growth after Losing Fewer than Expected Subscribers in Q2.
Netflix continued to lose subscribers in the second quarter as the streaming group tried to assuage fears about its business prospects, telling investors it was “confident and optimistic about the [...]UK Inflation Reaches a 40-Year High of 9.4% as Food and Energy Prices Soar.
UK inflation hit another 40-year high in June as food and energy prices continued to soar, escalating the country’s historic cost-of-living crisis. According to estimates out Wednesday, the consumer price [...]
