Economy

Washington (AFP) - Sales of existing homes made the biggest jump in a year last month on improved housing supply,...

US lawmakers race to avert weekend government shutdown

Washington (AFP) - US lawmakers released a $1. 2 trillion package in the early hours of Thursday to complete the 2024 federal...

Leaders tout nuclear power as climate tool at Brussels summit

Brussels (Belgium) (AFP) - More than 30 countries -- including European nations, the United States, Brazil and China -- took...

Switzerland kickstarts rate cuts for major central banks

by Thomas Barnes

Zurich (AFP) - The Swiss National Bank on Thursday became the first major central bank to cut interest rates after...

Panama Canal administrator hopes traffic normalizes by February 2025

Panama City (AFP) - Traffic through the Panama Canal could return to normal by next February, its administrator said, after...

Turkey’s central bank hikes rate to 50% as inflation rises

Istanbul (AFP) - Turkey's central bank hiked its key interest rate on Thursday, resuming its tightening cycle as one of...

Switzerland becomes first developed economy to cut interest rate

by Natalie Fisher

Zurich (AFP) - The Swiss National Bank cut interest rates on Thursday -- the first to do so among the...

High inflation in Turkey dampens Ramadan’s high spirits

Istanbul (AFP) - As the sun sets over the Bosphorus, a long queue forms on a street in Istanbul as...

Nuclear’s EU comeback on show at Brussels summit

Brussels (Belgium) (AFP) - Promoting nuclear power was long taboo in Brussels, but a high-profile international summit Thursday will send...

Bank of England to hold rate despite slowing inflation