ECB holds rates steady, says Inflation under control despite US tariffs
The European Central Bank (ECB) left borrowing costs unchanged for a second straight meeting on Thursday, saying inflation is contained…
US inflation rises 2.9% in August, Fed faces tightrope ahead of rate decision
US inflation climbed more than anticipated in August while jobless claims rose, presenting the Federal Reserve with mixed signals ahead…
US jobless claims surge to pandemic-era levels, fueling Fed rate-cut speculation
US job market delivered an unwelcome surprise this week, as jobless claims spiked to levels not seen since the depths…
IMF warns Ukraine’s funding needs may rise by $20 billion in 2026-2027
Ukraine’s budget outlook for the coming years is under scrutiny after the International Monetary Fund (IMF) estimated that the country’s…
China’s trillion-dollar plan to clean up local government arrears: what it means for its economy
China is preparing a massive, multiyear bailout to resolve more than $1 trillion in unpaid bills tied to local governments,…
Charlie Kirk to be posthumously awarded US highest civilian honor, Trump announces
US President Donald Trump announced he will posthumously award Charlie Kirk the Presidential Medal of Freedom, the highest civilian honor…
Commodities wrap: gold, crude prices dip amid rate cut bets, silver hits 14-year high
Gold and crude oil prices were in the red on Thursday, even as the market bet on a reduction in…
Oracle pullback follows record AI-fueled surge toward trillion-dollar valuation
On Thursday, Oracle shares fell nearly 5% after a previously relentless rally that had taken the enterprise software maker to…
US pushes faster Russian energy exit, EU sticks to 2028 target
Following a meeting with US Energy Secretary Chris Wright, EU Energy Commissioner Dan Jorgensen stated on Thursday that the EU…
Poland says Russian drones breached airspace, were shot down
Poland shot down drones that entered its airspace during a large-scale Russian attack on western Ukraine on Wednesday, with Warsaw…