Author: Emma Collins
Federal Reserve Chairman Powell supports Basel changes, no set date for release of new draft
Federal Reserve Chair Jerome Powell backed a proposed overhaul of the Basel bank capital rules, aiming for completion by the first half of 2025. The plan involves easing restrictions on
DetailAmazon increases hourly pay for US fulfillment and transportation workers
Amazon has announced an increase in pay for its fulfillment and transportation workers in the United States, along with offering free Prime memberships as part of the benefits package. The
DetailSingle-family housing starts in the US experience significant increase as building permits show moderate rise
U.S. single-family home construction experienced a significant rebound in August, although the rise in building permits indicated that the momentum may not be sustained due to an increasing supply of
DetailEuro Zone Inflation Below ECB Target, Says Bundesbank Chief – Reuters
Euro zone Inflation remains a concern for the European Central bank, according to Bundesbank President Joachim Nagel. Despite a recent rate cut, Nagel emphasized the need for Interest rates to
DetailFrench public auditor stresses need for extended timeline to reduce budget deficit
France’s budget deficit timeline needs to be extended beyond the current 2027 deadline set by the European Union, according to Pierre Moscovici, head of the public audit office. Moscovici stated
DetailDebate Swirls Over the Impact of Fed’s Rate Cut
The Federal Reserve is expected to announce a cut in Interest rates for the first time in over four years, signaling a shift from restrictive policies aimed at controlling Inflation.
DetailAsia stocks mixed as Fed looms large, Dollar weakens
The dollar retreated slightly on Wednesday, giving back some of its gains from the previous day, while Asian markets showed a mixed performance as investors weighed the possibility of a
DetailIreland’s Construction Sector Struggles to Expand, Warns Central Bank
Ireland is facing significant challenges in meeting the need for 52,000 homes per year until 2050, as highlighted by the country’s Central bank. Housing has been a pressing political issue
DetailNeuralink’s ‘Blindsight’ Implant Receives FDA Breakthrough Device Designation for Enhanced Visual Perception
Elon Musk’s Neuralink, a brain-chip startup, announced that its experimental implant designed to restore vision has been granted the FDA’s “breakthrough device” designation. This designation is given to medical devices
DetailBank of Canada Expected to Cut Rates as CPI Data Weakens: Citi Projections
Canada’s Headline Consumer Price Index (CPI) saw an unexpected decline of 0.2% month-on-month in August, falling in line with a year-on-year return to 2.0%. Core Inflation measures also showed a
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