Turkey’s central bank holds key rate steady at 50%
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.…
Turkey’s central bank holds rate steady, market eyes December cut
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,…
South African Reserve Bank cuts repurchase rate to 7.75%
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…
Kenya cancels proposed deals with Adani Group after U.S. indictments
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…
Cardinal Farrell named administrator to address Vatican pension financial challenges
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…
EU sees slight uptick in new car registrations in October
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.…
ICC issues arrest warrants for Israeli officials Netanyahu and Gallant
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…
Work one day for free, French asked in latest budget plan
By Leigh Thomas PARIS (Reuters) – France’s national budget is so strained that lawmakers are pushing a proposal to make the French work an extra seven hours each year without…
South African central bank trims key rate but stresses tough backdrop
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…
Turkish job seekers losing hope amid painful economic rebalancing
By Ezgi Erkoyun and Ceyda Caglayan ISTANBUL (Reuters) – Berkay Ucar has almost given up hope of finding work after his eight-month search only generated a few unsuccessful interviews. Living…