Latest

US Fed official favors smaller rate hike in February
US Fed official favors smaller rate hike in February
Business and Economy
by  AFP

There is ample evidence that a steep climb in interest rates has dampened demand and economic activity, suggesting the US central bank can further slow its rate hikes, Federal Reserve Governor Christopher Waller said Friday. Over the past year, the Fed has raised rates seven times including four steep 75-basis point jumps before slowing to 50 basis points in December.

After Davos, a race for money to stop climate change
After Davos, a race for money to stop climate change
Business and Economy
by  AFP

US climate envoy John Kerry bluntly summed up in one word what the planet needs to avoid a global warming catastrophe at the World Economic Forum this week: money. But the week-long forum exposed fault lines over how to meet those targets at a time when the world faces a costly war in Ukraine, an economic downturn, soaring inflation and a cost-of-living crisis.