Fed’s Kashkari: Sees more modest rate cuts ahead for U.S. economy
By Michael S. Derby (Reuters) – U.S. Federal Reserve Bank of Minneapolis President Neel Kashkari said on Monday more rate cuts likely lie ahead for the central bank as the…
Economy
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Nearly a million Australian households struggle to secure food, report shows
SYDNEY (Reuters) – Nearly a million Australian households are struggling to secure enough food, with parents skipping meals or going entire days without food to shield children from hunger, a…
UK sanctions Iranian military figures following attack on Israel
LONDON (Reuters) -Britain has imposed sanctions against Iranian individuals and organisations after Iran’s attack on Israel on Oct. 1, Britain’s Foreign Office said on Monday. The sanctions target senior figures…
S&P Global says countries likely to default more often in coming decade
By Libby George LONDON (Reuters) – Countries are likely to default more frequently on their foreign currency debt in the coming decade than they did in the past due to…
America’s record ‘net debtor’ status enters the unknown: McGeever
By Jamie McGeever ORLANDO, Florida (Reuters) -Foreign investors’ claims on Uncle Sam have been greater than U.S. investors’ claims overseas for decades, an imbalance that many analysts have long warned…
Panama to stick to economic targets despite budget backtrack, minister says
By Kylie Madry and Elida Moreno PANAMA CITY (Reuters) – Panama will stick to its economic forecasts for next year even though the government withdrew its budget proposal after pushback…
Nobel economics prize goes to inequality researchers
By Simon Johnson, Mark John STOCKHOLM (Reuters) -Three U.S.-based academics won the 2024 Nobel economics prize on Monday for their research into why global inequality persists, especially in countries dogged…
China’s BYD warns EU tariffs will raise prices and deter buyers
PARIS (Reuters) -The EU’s planned tariffs on Chinese-made EVs will lead to higher prices and deter buyers, Chinese EV giant BYD (SZ:002594) warned on Monday, adding the tariffs proposed for…
Turks seek to lower their credit card limits after proposed law
ISTANBUL (Reuters) – Turks are trying to lower their credit card limits, bankers said, after President Tayyip Erdogan’s ruling AK Party proposed a bill that would raise fees for some…
Hungary seeks housing boost from pensions ahead of 2026 election
By Gergely Szakacs BUDAPEST (Reuters) -Hungary’s economy ministry proposed on Monday that savings in private pension accounts can be used tax-free for housing purposes as a one-off measure next year…