What happens when $2 trillion is sucked out of the global economy? It may not be pretty
Central banks have been credited with averting a global depression twice over the past 15 years: Once after the 2008 financial crisis, and again at the height of the coronavirus pandemic.
2023-05-19 23:50
Fed's Powell says tighter credit conditions ease rate hike pressure
NEW YORK Federal Reserve Chairman Jerome Powell said Friday that the aftereffects of recent banking sector troubles takes
2023-05-19 23:50
Biden Drops Refusal to Give Ukraine F16s Under Allied Pressure
President Joe Biden dropped his reluctance to sending F-16s to Ukraine after months of pressure from Kyiv and
2023-05-19 23:46
Janet Yellen told bank CEOs more mergers may be necessary, sources say
During Thursday's meeting with the CEOs of large banks, Treasury Secretary Janet Yellen told executives that more bank mergers may be necessary as the industry continues to navigate through a crisis, two people familiar with the matter told CNN.
2023-05-19 23:29
EU regulators' group sides with Big Tech against telcos' network fee push
By Foo Yun Chee BRUSSELS (Reuters) -The EU telecoms regulators' group BEREC on Friday criticised a push by telecoms providers
2023-05-19 23:28
Pent-up demand promises record tourist season for southern Europe
By Giselda Vagnoni ROME After three years of pandemic travel restrictions and rocketing energy costs, tourism is back
2023-05-19 23:24
US imposes sanctions on hundreds of targets in fresh Russia action
By Daphne Psaledakis and Simon Lewis WASHINGTON The United States and its partners on Friday announced new penalties
2023-05-19 23:22
Colombia Inflation Hit ‘Turning Point’ in April, Central Bank’s Villar Says
Colombia’s inflation hit a “turning point” last month when it slowed after almost two consecutive years of constant
2023-05-19 23:22
Crypto Miners Pivoting to AI Cloud Services May Face an Uphill Battle
Crypto miners looking to provide services for upstarts in artificial intelligence may be looking at an uphill battle,
2023-05-19 23:21
Republican states to be hit hardest by proposed cuts in US debt ceiling fight
By Andy Sullivan LAKE CHARLES, La. (Reuters) -In Washington, Republican U.S. Representative Clay Higgins has been a vocal advocate for
2023-05-19 22:54
Ramaphosa Abandoned by Key Support Base Over South Africa Policy Missteps
South African President Cyril Ramaphosa has lost the confidence of a key constituency. Five years after ushering in
2023-05-19 22:46
American Airlines pilot reach an agreement on new contract
CHICAGO Pilots at American Airlines have reached an agreement in principle on a new contract, their union said
2023-05-19 22:29