Bank of England set to hold interest rates despite inflation hitting 2% target
Services inflation and wage growth both remain significantly above the level desired by monetary policymakets.
Fitch pushes back China rate cut expectations to next year as Fed holds interest rates steady
Fitch now forecasts China will keep its one-year medium-term lending facility (MLF) unchanged this year at 2.5%, and cut it to 2.25% next year.
Putin and Kim Jong Un’s relationship is a marriage of convenience: Here’s how it works
The Putin-Kim meeting is focused on deepening strategic transactions — the quid pro quo — between the countries.
Swiss regulator rules out UBS antitrust action over Credit Suisse deal
Switzerland’s financial regulator ruled that the UBS takeover of Credit Suisse did not create any competition concerns.
Russia and North Korea sign partnership deal that includes mutual defense pact, Putin says
Vladimir Putin was met with a grand reception in Pyongyang, North Korea, as Western officials warn of the warming relationship with Kim Jong Un.
The UAE is set to be the No. 1 ‘wealth magnet’ in the world, new report shows
A record-breaking 128,000 millionaires are expected to relocate in 2024, according to the Henley Private Wealth Migration Report.
‘Inadvertent geoengineering’: Researchers say low-sulfur shipping rules made climate change worse
The rule change may help to explain why last year’s record-breaking heat was so extreme, a team of scientists said in a recent paper.
CNBC Daily Open: Nvidia unseats Microsoft as world’s most valuable company
Nvidia on Tuesday surpassed Microsoft to become the world’s most valuable public company with a market cap of $3.34 trillion.
Luxury sneaker maker Golden Goose postpones IPO citing political turmoil in Europe
Golden Goose is known for its worn-looking trainers which have been made popular by celebrities such as Taylor Swift.
UK inflation falls to Bank of England’s 2% target ahead of elections
The Office for National Statistics released inflation figures for May on Wednesday.
