You are here

Home » Business
Bank of England follows Fed in pausing rate hikes
Sep 22, 2023
LONDON — The Bank of England (BoE) left its key interest rate unchanged Thursday, snapping 14 straight hikes following a shock slowdown to UK inflation and one day after the US Federal Reserve (Fed) also hit pause. The BoE's monetary policy committee decided in a close 5-4 vote to maintain its key rate at 5.25 per cent, the highest level in mo ...
Agreement pertains to more than 5,600 Canadian Ford workers
Sep 20, 2023
DETROIT — The Canadian auto workers union has reached a tentative agreement with Ford ...
Taiwan's TSMC to help train German students for semiconductor careers
Sep 19, 2023
TAICHUNG — Germany's Saxony state signed an agreement with Taiwanese chip giant TSMC ...
IEA chief Birol — an 'unexpected hero' of climate fight
Sep 18, 2023
PARIS — Fatih Birol had big dreams of becoming a footballer or a filmmaker when he was younger. Instead, he became a surprising champio ...
US industrial production continues expansion in August
Sep 17, 2023
WASHINGTON — US industrial production kept expanding in August, the Federal Reserve (Fed) said on Friday, beating expectations even though t ...
US auto workers strike, winning support from Biden
Sep 16, 2023
WAYNE — Workers at the "Big Three" auto manufacturers went on strike Friday in a first-ever coordinated action to demand pay raises, winning ...
ECB hikes key rate to record high, defying calls for pause
Sep 15, 2023
FRANKFURT — The European Central Bank hiked a key interest rate to a record high Thursday as it battles soaring inflation, defying calls for ...
EU confronts Chinese subsidies with electric car probe
Sep 13, 2023
STRASBOURG — Brussels will investigate Chinese state subsidies for electric cars, the EU chief said on Wednesday, vowing to defend Europe's ...
US chip giant GlobalFoundries opens $4b Singapore plant
Sep 12, 2023
SINGAPORE — The world's third-largest contract chip maker GlobalFoundries opened a $4 billion manufacturing plant in Singapore on Tuesday as ...
BMW to invest in UK Mini plants to fuel electric car output
Sep 11, 2023
LONDON — German car giant BMW on Monday said it would invest more than £600 million ($751 million) in its UK plants making the Mini, with th ...
Egypt inflation hits record high of nearly 40%
Sep 10, 2023
CAIRO — Annual inflation in Egypt hit 39.7 per cent in August, official figures showed Sunday, an all-time high as the Arab world's most pop ...
G20 members to unveil EU-Mid East-India trade plan
Sep 09, 2023
NEW DELHI — Major G20 partners will unveil ambitious plans Saturday to bolster trade between India, the Middle East and Europe, a modern-day ...
Obesity drugs give Danish economy a major boost
Sep 07, 2023
COPENHAGEN — Massive demand for diabetes and weight loss drugs made by Danish pharmaceutical group Novo Nordisk have turned it into Europe's ...

Pages


Newsletter

Get top stories and blog posts emailed to you each day.

PDF