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US Fed Chair Jerome Powell calls rate cut speculation 'premature'
US Fed Chair Jerome Powell calls rate cut speculation 'premature'
Business and Economy
by  AFP

It is still "premature" to speculate on when the US Federal Reserve will start cutting interest rates despite the bank's recent progress on inflation, Fed Chair Jerome Powell said Friday. On Friday, Powell said the Fed's rate-setting Federal Open Market Committee (FOMC) would continue its inflation battle despite the apparent success of its "restrictive" stance of monetary policy.

UK unveils £11 bn windfarm investment by UAE, German firms
UK unveils £11 bn windfarm investment by UAE, German firms
Business and Economy
by  AFP

UK Prime Minister Rishi Sunak announced Friday plans by UAE state-owned renewables firm Masdar and German energy giant RWE to invest up to £11 billion ($14 billion) in a giant offshore windfarm. "I'm pleased to announce a new deal between Masdar and RWE, which includes a commitment to jointly invest up to £11 billion into the UK's new windfarm at Dogger Bank," said Sunak.

First trailer for "Grand Theft Auto VI" on December 5
First trailer for "Grand Theft Auto VI" on December 5
Technology
by  AFP

Rockstar Games said it will release a trailer next Tuesday for the first installment in a decade of "Grand Theft Auto," video-gaming's controversial blockbuster. One of the most famous franchises in the world of video games, GTA has never been free of controversy, due to its sulfurous mix of violence, sex and gangster life.

Designer Matthew Williams leaves Givenchy
Designer Matthew Williams leaves Givenchy
Business and Economy
by  AFP

Fashion designer Matthew Williams is leaving Givenchy after three years as creative director, the French luxury brand announced Friday, in the latest shake-up at the top of the luxury business. Williams described his time as creative director as "the dream of a lifetime" in the statement.