asmhemu@gmail.co
Business
The World Bank's ongoing reform could result in a $50 billion lending boost over the next decade, Treasury Secretary Janet Yellen told AFP ahead of stakeholders' meetings next week where key changes are expected to be announced.Central bankers, finance ministers and participants from more th...
Central banks around the world should keep battling inflation by hiking interest rates despite ongoing concerns about financial stability, the head of the International Monetary Fund told AFP on Thursday.Since last year, central banks have been raising their benchmark lending rates to tackle inflati...
World
Tennessee's Republican-led state legislature on Thursday expelled two Democratic lawmakers who led gun control protests at the state capitol in the wake of a school shooting.US President Joe Biden condemned the action as "shocking" and an effort "to punish, silence and expel duly-...
President Joe Biden on Friday called for Russia to release Wall Street Journal reporter Evan Gershkovich, who is being held on espionage charges, while rebuffing a call from the paper's editorial board to expel Russian journalists from the United States.Asked by White House reporters what his me...
The International Monetary Fund's executive board on Friday announced a $5.4 billion disbursement to Argentina, part of a $44 billion loan program as the South American nation faces a severe economic panorama.Argentina is the target of the largest assistance program currently under IMF implement...
Asian markets were mixed Thursday following a recent run-up, with banking sector worries easing and traders weighing central banks' interest rate plans in the wake of the recent turmoil. Investors have taken heart from reassurances by authorities around the world that the fallout from the collap...
The United States and Japan have reached an agreement on trade in minerals that are key to electric vehicle batteries, US trade officials said late Monday, a move to reinforce supply chains in a sector dominated by China.Rare earth elements and minerals such as lithium are becoming increasingly impo...
The United States will likely enter a recession this year and face high inflation well into 2024, a majority of economists predicted in their response to a semiannual survey.More than two-thirds of respondents to the National Association for Business Economics (NABE) Policy Survey also see inflation...
US bank First Citizens said Monday it has agreed to purchase all loans and deposits from Silicon Valley Bank, whose collapse this month sparked global fears about the sector.SVB, a key lender to the tech industry since the 1980s, became the biggest US bank to fail since 2008 when regulators seized i...
Fitch Ratings downgraded Argentina's foreign currency debt on Friday by two notches to leave it hovering one level above default.The debt downgrade from CCC- to C suggests that the ratings agency believes a default is "imminent," and comes shortly after an Argentinian government decree...
The US banking sector is "stabilizing" after the recent failures of Silicon Valley Bank and Signature Bank rattled the industry, Treasury Secretary Janet Yellen will tell a summit Tuesday, according to prepared remarks.The collapses caused a crisis of confidence, with many customers of sim...
China's shock success at bringing Saudi Arabia and Iran together has challenged the United States' longstanding role as the key outside power broker in the Middle East.Beijing's persuading archrivals Riyadh and Tehran to reestablish diplomatic relations upstaged the United States just as...
World,Back Page
The operator of a nuclear facility in Minnesota said on Thursday the plant suffered a leak last November of water containing radioactive tritium, but that contamination was largely limited to the plant itself.Xcel Energy, operator of the nuclear plant northwest of Minneapolis in the Midwest state of...
World,Front Page
The White House has said that talks between Ukrainian President Volodymyr Zelensky and Chinese leader Xi Jinping would be a "good thing," but warned Beijing against taking a "one-sided" view of the conflict."We think it would be a very good thing if the two of them talk,&quo...
The International Monetary Fund said Monday it has reached an agreement with the government of Argentina on the fourth review of the aid package for the South American country, paving the way for the disbursement of some $5.3 billion. The new tranche of funding, which should be approved "in the...
The dramatic implosion of Silicon Valley Bank (SVB) last week could bring the Federal Reserve's current cycle of interest rate hikes to an end far sooner than many analysts expected.Traders and analysts who had previously predicted that the Fed would increase the pace of hikes to tackle inflatio...
The world's first 3D printed rocket is scheduled to blast off from Florida on Saturday (US) on the maiden flight of an innovative spacecraft billed as being less costly to produce and fly.Liftoff of the rocket, Terran 1, had been scheduled for Wednesday at Cape Canaveral but was postponed at the...
The US Air Force on Friday unveiled a new color scheme for Air Force One, discarding the palette chosen by Donald Trump for the presidential aircraft.President Joe Biden is sticking with a classic blue-and-white color scheme for the jets, which are under construction, retaining a design that dates t...
The United States (US) on Friday said it welcomes a Chinese-brokered thaw in relations between rivals Iran and Saudi Arabia but expressed doubts that Tehran will follow through on its commitments.White House National Security Council spokesman John Kirby said "we welcome" the diplomatic de...
NASA is on track to launch a crewed mission around the Moon in November of next year after a successful unmanned test flight, the US space agency said Tuesday.NASA officials provided an update on the Artemis program, which aims to return humans to the Moon for the first time since the historic ...
Page 15 of 28, showing 20 results out of 546 total
