Economy
The U.S. economy exhibited “stable” to “slightly weaker” growth in the early fall, a Federal Reserve survey found, helping to loosen up a tight labor market and ease inflation. The Fed’s regular survey of the economy, known as the Beige Book, covered the six weeks leading up to Oct 6.…
TIRANA (Reuters) – The European Union wants to bring six Western Balkan countries closer to membership of the bloc but wants them first to implement reform and create their own single market, European Commission President Ursula von der Leyen said on Monday. Having been promised EU membership years ago, the…
TOKYO — Japan’s overall consumer prices rose 3% from a year earlier in September, government data showed Friday. The figure was slightly lower than the 3.2% increase in August but it is still above the Bank of Japan’s 2% target. Consumer inflation excluding volatile fresh food and energy increased 4.2%…
This Monday, Nigeria secured $1.5 billion in concessional financing from the World Bank’s International Development Association (IDA), according to Finance Minister Wale Edun. The announcement came after a Federal Executive Council (FEC) meeting led by President Bola Tinubu. This financial support, which comes at a time of high global interest…
The U.S. State Department is warning U.S. citizens around the world to exercise caution as tensions are on the rise in the Middle East, and telling Americans to “stay alert” in areas frequented by tourists. With the Israel-Hamas war intensifying, the U.S. government issued a “Worldwide Caution” alert on Thursday.…
Ghana’s Finance Minister, Ken Ofori-Atta, announced on Monday a significant debt reduction plan under a $3 billion International Monetary Fund (IMF) bailout. The country aims to reduce its debt to 55% of GDP by 2028, a significant decrease from the current level of 109%. Ofori-Atta revealed the plans during a…
Rep. Jim Jordan’s push to become the next speaker of the U.S. House of Representatives looked stuck Thursday, but the immediate outlook also wasn’t good for a measure that would have the chamber’s temporary speaker, GOP Rep. Patrick McHenry of North Carolina, serve in the post until January. Reports on…
FRANKFURT (Reuters) – The European Central Bank will need some time, possibly until next spring, before it can be confident that inflation is returning to its 2% target, ECB chief economist Philip Lane told a Dutch newspaper. The ECB has raised rates at each of its past ten meetings to…
““The fact is, blind support for one side is destructive in the long term to the interests of the people on both sides. I fear we are repeating the same mistakes we have made in these past decades, and I decline to be a part of it for longer”” —…
By Stephen Culp NEW YORK (Reuters) – Wall Street jumped and benchmark Treasury yields climbed on Monday as investors embarked upon the first full week of third-quarter earnings while keeping a close eye on the Israel-Hamas conflict. The three major U.S. advanced nearly 1% or more in a broad rally…