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
EOlder ladies make picking easy. The new recruit was told that single parents are also a mainstay of the profession. Therefore harden your heart to plead with them, even if they have little children, for: “If every mother who sheds a little tear, you turn away from them, you will receive no reward.” Just get … Read more
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
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
A currency dealer counts $100 bills in this undated photo. – AFP/File The rupee touched 272.17 rupees against the dollar in intraday trade. The local unit closed at Rs 268.83 on Wednesday. The rejection of the periodic debt plan by the International Monetary Fund is likely to have dampened sentiment Karachi: Rs On Thursday after … Read more
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
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
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
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
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
