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Asian markets boosted again after another Chinese rate cut
Most Asian markets built on a global rally Wednesday as China announced another interest rate cut the day after unveiling a series of measures to boost the country's ailing economy.
China cuts another key interest rate to boost economy
China's central bank on Wednesday said it would slash another key interest rate, a day after it unveiled a raft of new measures aimed at boosting its ailing economy. "China's slew of monetary easing measures have done little to stimulate the economy in recent years," China Beige Book's Shehzad Qazi, told AFP. "Rate cuts are no longer enough to boost growth in China," he said.
Restarting nuclear power plants: the unprecedented gamble in the US
Two American energy companies are each preparing to bring a nuclear power station back into service, an unprecedented operation which should help meet the growing need for electricity in the United States.
Crypto CEO and Bankman-Fried ex Caroline Ellison gets two-year sentence
Crypto CEO and Bankman-Fried ex Caroline Ellison gets two-year sentence
New York area port prepares for possible US strike disruption
New York area shipping officials urged customers to immediately retrieve their cargo ahead of a possible strike next week which would impact major US ports, according to a letter released Tuesday.
Bolivian government rejects Morales ultimatum for cabinet reshuffle
Bolivia's government on Tuesday rejected an ultimatum by ex-president Evo Morales to replace its cabinet ministers or face the wrath of his followers, thousands of whom had joined him in a weeklong march to the capital. Bolivia's foreign ministry said in a statement Tuesday that Morales had threatened the country's "democratic order," and rejected his demands.
Defying experts, Trump vows tariff-driven US economic boom
Donald Trump pledged Tuesday to deliver a historic windfall for the United States through a business-friendly economy that would reward companies manufacturing domestically -- but heavily penalize those selling Americans foreign-made goods.
US Fed dissenter warns inflation risks remain 'prominent'
The sole Federal Reserve official not to support last week's large interest rate cut said Tuesday that the risks of inflation reigniting remained "prominent." Speaking in the US state of Virginia on Tuesday, Bowman said "the upside risks to inflation remain prominent."
France facing 'one of worst deficits' in its history: minister
France now has "one of the worst" public deficits in its modern history, the newly-installed economy minister said Tuesday, confirming new taxes on the wealthy and big businesses are on the table to get finances back in order. "Apart from one or two one-off crisis years in the past 50 (years), we have one of the worst deficits in our history," Armand told broadcaster France Inter.
AFP
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