Economy

PRETORIA (Reuters) – South Africa’s central bank opted for another small cut to its main interest rate on Thursday, stressing the global economic backdrop was tough and the outlook highly…

ANKARA – The Central Bank of the Republic of Turkey announced its decision to maintain the one-week repo auction rate at 50 percent, adhering to its current monetary policy stance.…

PRETORIA – The South African Reserve Bank (SARB) has announced a reduction in the repurchase rate by 25 basis points to 7.75%, effective from November 22, 2024, as conveyed in…

By Ezgi Erkoyun and Huseyin Hayatsever ISTANBUL (Reuters) -Turkey’s central bank held its policy rate steady at 50% on Thursday, as expected, and said it remained attentive to inflation risks,…

NAIROBI (Reuters) -Kenyan President William Ruto said on Thursday he had ordered the cancellation of a procurement process expected to hand control of the country’s main airport to India’s Adani…

BRUSSELS – New car registrations in the European Union saw a marginal increase of 1.1% in October 2024, with Spain and Germany experiencing growth while France and Italy faced declines.…

VATICAN CITY – In a decisive move to address the looming financial challenges of the Vatican’s Pension Fund, Pope Francis has appointed Cardinal Kevin Farrell as the Sole Administrator. The…

The International Criminal Court (ICC) has issued arrest warrants for two Israeli officials, former Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant, for alleged war crimes and crimes against…

(Fixes day reference in lead paragraph.) (Reuters) – The U.S. is more vulnerable to inflationary shocks than in the past, Federal Reserve Bank of Richmond President Tom Barkin said in…