Business and Economy

Most viewed

Business and Economy Latest News

US Fed will likely cut again despite economic murkiness from shutdown
US Fed will likely cut again despite economic murkiness from shutdown
by  AFP

The Federal Reserve is expected to announce its second rate cut of the year on Wednesday, despite a lack of clarity over the health of the US economy due to the ongoing government shutdown. Swonk expects the Fed to cut twice more this year, and to announce an end to its program of shrinking its balance sheet next week -- known as quantitative tightening -- in the face of rising liquidity risks.

Global race for rare earths comes to Kenya's Mrima Hill
Global race for rare earths comes to Kenya's Mrima Hill
by  AFP

Division and suspicion have gripped five villages near Kenya's coast as global powers from the United States to China eye a forest that is rich in rare earths -- minerals vital to high-tech and low-carbon industries. But it now sees a major opportunity, particularly as China -- the biggest source of rare earths -- increasingly limits its exports.

TotalEnergies approves restart of $20-bn Mozambique gas project
TotalEnergies approves restart of $20-bn Mozambique gas project
by  AFP

France's TotalEnergies said Saturday the consortium it leads to build a $20-billion liquified natural gas project in Mozambique has decided to lift a suspension on the work imposed in 2021 because of jihadist violence. The French oil and gas company is the lead partner in the Mozambique LNG consortium, with a 26.5 percent stake.

Energy

Money

Industry

Technology

Economy