People at a shopping street in New York. Agence France-Presse
For the first time since the Great Recession a decade ago, the US Federal Reserve is poised to cut interest rates, shoring up America’s defenses as the global economy weakens.
The US central bank rolled out a major policy change on Thursday that gives greater weight to its mission of maximising employment to benefit lower income families, while ratcheting back its emphasis on fighting inflation.
US consumer prices jumped by the most in seven months in October, which together with abating fears of a recession, support the Federal Reserve’s signal for no further interest rate cuts in the near term.
US job growth rebounded strongly in June, with government payrolls surging, but persistent moderate wage gains and mounting evidence the economy was losing momentum could still encourage the Federal Reserve to cut interest rates this month.
The real estate market in Dubai is experiencing robust activity nowadays, especially on quality projects that meet UAE buyers and investors’ aspirations and huge demands. This was revealed by Islam Ahmed Suleiman, CEO, Reportage Properties to the media on Wednesday. He mentioned that his company has announced
Al Bandar Rotana, a five-star hotel with a prime waterfront outlook, recorded robust occupancy growth during summer holidays and first half of the year. “We are very proud of our hotel performance for the first half of the year, and we are positive that we can keep the momentum till the end of the year. The impressive
During a recent field visit to South Africa, NAMA Women Advancement (NAMA) reviewed both the achievements and challenges of its “Stimulating Equal Opportunities for Women Entrepreneurs” flagship programme, launched in the country in partnership with UN Women in 2018 to remove structural barriers to
China’s factory-gate inflation eased in July to a 17-month low, defying global cost pressures as slower domestic construction weighed on raw material demand, although consumer price increases hit a two-year high as pork supplies tightened. The producer price index (PPI) rose 4.2% year-on-year, the National Bureau of