The European Central Bank and the Bank of England raised interest rates again in the fight against inflation

London CNN – The two major European central banks raised interest rates Strongly on Thursday, they opted for bigger hikes from the US Federal Reserve as inflation in the region remained near historically high levels. The European Central Bank (ECB) and the Bank of England raised interest rates by another half percentage point. Benchmark interest … Read more

New Zealand likely to remain in recession until next year – Infometrics predicts

Construction, along with retail, are expected to be the two sectors most affected by the recession. Picture: 123 RF According to one economic forecaster, the economy is likely to be in a recession right now and will likely be squeezed into next year amid rising interest rates and household budgets. Consultancy Infometrics has released a … Read more

How do we lose a radioactive capsule? Australian inspectors are also wondering

Brisbane, Australia CNN – The discovery of a small radioactive capsule missing on the side of a remote highway in Western Australia raises many questions, including how it escaped layers of radiation-proof packaging loaded onto a moving truck. It’s one of many puzzling aspects of the case that investigators will examine in the coming weeks … Read more

The reaction of the Federal Reserve to the increase in interest rates by a quarter

The European Central Bank raised interest rates. The Stoxx 600 rose 0.9% The European Central Bank announced that it will raise interest rates by 50 basis points to 2.5%. The pan-European 600 index reacted by jumping from a 0.5 percent daily gain to 0.9 percent 15 minutes after the announcement. A chart to represent the … Read more

The “roller coaster ride” in Myanmar’s economy after the coup Business and economic news

Bangkok/Yangon – For Aung Tet, a successful entrepreneur in Yangon, running a business under Myanmar’s military regime is like “riding a rollercoaster”. The Southeast Asian country’s economy has been brought to its knees by the conflict that began two years ago when the military seized power. Foreign investors have moved out, and the generals have … Read more

Pacific businesses are looking for workers as thousands leave for NZ jobs

Industry officials say Pacific businesses are desperate for staff as thousands of workers head to New Zealand and Australia. Seasonal work schemes in both countries have been identified as the driving force behind the labor crisis in the Pacific. With the expansion of programs in Aotearoa and Australia, outflows reached an all-time high last year. … Read more

Diesel margins could increase from Russia’s diesel ban

Refinery margins in Asia have fallen in recent weeks as China has boosted fuel exports amid high export quotas it has allocated to refiners in recent months. Diesel refining margins are still at historically high levels and could rise again when the EU ban on seaborne fuel imports from Russia takes effect on February 5. … Read more

Sharesies plans to cut jobs as recession approaches

has been supplied Online investment platform Sharesies plans to cut jobs as part of recession plan. Sharesies, the online stock trading platform, plans to cut jobs as recession approaches. The company said in a statement on Thursday that it has begun consultation with its employees about a proposal to restructure the business and reduce the … Read more