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Kganyago Cites Zulu War to Signal Preemptive Inflation Move
South Africa’s central bank governor referenced an 1879 battle in the Anglo-Zulu war in his views on how to tackle the coming wave on inflation from the Iran war shocks, implying a preference to raise interest rates sooner rather than later.
EC removed infiltrators from roll, we’ll remove them from Bengal’s soil: Amit Shah
More big energy users to get help as support plan expanded
More big energy users to get help as support plan expanded5 minutes agoShareSaveAdd as preferred on GoogleFaarea Masud & Simon JackBBC NewsGetty ImagesMore businesses have been promised help with their energy bills from April next year, after the government announced it was expanding a support scheme first outlined in 2025.Around 10,000 energy-intensive manufacturers in sectors such as steel and pharmaceuticals could see their bills cut by up to 25%. The scheme originally aimed to support 7,...
Melania Trump challenges Congress to make her foster care executive order permanent law: 'Their birthright'
First lady Melania Trump delivered a plea to lawmakers on Wednesday, demanding "action over awareness" to secure the futures of America's foster children by turning her recent executive action into permanent law.During a bipartisan congressional committee meeting, Trump outlined her vision to transform vulnerable youth into financially independent business owners, explaining the American dream should be "their birthright."While describing the "Fostering the Future" executive order she signed in...
ECB Officials Are Leaning Toward April Rate Hold
Policymakers at the European Central Bank are leaning toward keeping interest rates unchanged this month, postponing their verdict on whether the fallout of the Iran war warrants a response, according to people familiar with the debate.
Oil Steady on Signs US, Iran Working Toward Ceasefire Extension
Oil steadied on signs that the US and Iran are working toward extending a ceasefire and restarting talks.
Vietnam Rushes Biofuel Rollout as Iran War Prompts Energy Pivot
Vietnam has moved up its timeline for the mandatory use of biofuel despite concerns over supply levels, quality and cost, as it seeks to strengthen energy security while the Middle East conflict drags on.
Stocks Hit a Record High
Also, Pakistani mediators arrive in Iran. Here’s the latest at the end of Wednesday.
Sotomayor Apologizes for ‘Hurtful’ Criticism of Kavanaugh
Supreme Court Justice Sonia Sotomayor issued a public apology for criticism she levied toward colleague Brett Kavanaugh during a speaking appearance last week.
Ford’s Top EV Executive Departs in Sweeping Reorganization
Ford Motor Co.’s top electric vehicle executive — whose arrival at the automaker was heralded as a “watershed moment” — is leaving the company as part of a sweeping reorganization to merge its EV and manufacturing operations. Doug Field, 61, said Wednesday he’s stepping down from his position as chief EV, digital and design officer to pursue undefined opportunities sharing what he’s learned from his career at Ford, Apple Inc. and Tesla Inc. Ford said Field’s duties will be assumed by...
Goldman traders wrongfooted as Iran war upended interest rate expectations
Wall Street bank’s rates desk was key driver behind unexpected drop in fixed-income revenue
Blue Owl Surges Most Since 2022 Amid Banks’ Private Credit Calm
Shares of Blue Owl Capital Inc. posted their biggest two-day gain since November 2022, as risk-on sentiment fueled a rally in stocks and Wall Street bank chiefs quelled fears around private credit.
Ceasefire between Israel and Hizbollah expected ‘soon’, say Lebanese officials
Deal between Israeli and Lebanese governments could boost efforts to reach a peace accord between the US and Iran
New Zealand Urges A Quick Resolution to The Iran War
A group of Western finance ministers, said the Iran war has caused a regrettable loss of life and warned that a prolonged conflict risks derailing the global economy. The joint statement said that the growth and inflation impact will persist even if there was a lasting resolution to the conflict. “Renewed hostilities, a widening of the conflict or continued disruption in the Strait of Hormuz would pose serious additional risks to global energy security, supply chains, and economic and financial...
German Firms Expand Morocco Investments Across Logistics, Pharma, Auto, and AI
Casablanca – German companies unveiled a new wave of investment plans for Morocco today during a Casablanca press conference hosted by the German Embassy and AHK Maroc, with projects spanning logistics, pharmaceuticals, automotive wiring, software, and artificial intelligence. The announcements offered one of the clearest signs yet that German corporate interest in Morocco is expanding well beyond traditional manufacturing. In logistics, DACHSER confirmed the expansion of its Tangier operations...
Bank of England boss tells BBC he won't rush interest rate rises
Bank boss tells BBC he won't rush interest rate rises12 minutes agoShareSaveAdd as preferred on GoogleFaisal Islam,Economics editorandLucy Hooker,Business reporterBloombergBank of England governor Andrew Bailey says the UK's central bank will not rush to make a decision on interest rate rises, despite the world facing what he described as a "very big energy shock".Speaking to the BBC at the meeting of the International Monetary Fund (IMF) in Washington, he said higher oil and...
Kabawat Meets Families of Missing Children as Investigations Advance
The Syrian Minister of Social Affairs and Labor, Hind Kabawat, held a meeting with families of missing children to review the latest investigative steps and administrative procedures concerning the fate of their sons and daughters. The session brought together the families and the Committee for Determining the Fate of Children of Detainees and the Forcibly Disappeared, the body tasked with overseeing this sensitive file. The meeting, convened on Tuesday at the Ministry’s headquarters, produced a...
“Triple Shock” and the Syrian Economy: Can Damascus Withstand the New Wave of Global Pressure?
A new tide of economic anxiety is sweeping through Damascus. The region’s escalating tensions have created a climate in which global markets are strained, supply chains are unsettled, and fragile economies stand exposed. Syria, already burdened by years of structural erosion, now confronts the consequences of what international institutions describe as a Triple Shock: surging energy prices, rising food costs, and weakening global growth. The question that shadows every discussion in the capital...
Stability Breaks Records: What the Forty-Two Percent Drop in Syrian Oil Imports Really Means
The Syrian economy is entering a new phase in which numbers do more than describe reality. They reveal the architecture of a political economy reshaped by the national transition of late 2024 and by the shifting regional landscape that followed. In a country emerging from fifteen years of conflict and operating within a region unsettled by the U.S.–Israeli war on Iran, economic indicators cannot be read in isolation. They reflect the deeper structural forces that produced them. Two forces in par...
US jury finds Live Nation monopolised concert ticket markets
Trial will enter new phase to determine penalties for the company after an earlier settlement avoided its break-up