Federal Reserve Announces Plans for Single Interest Rate Cut in 2021The Federal Reserve, the central bank of the United States, has released updated forecasts indicating that interest rates will be cut just once this year. Despite a recent drop in inflation rates to 3.4%, the
In its announcement yesterday, the Fed said: “The information received since the Federal Open Market Committee met in June indicates that the labor market remains strong and that economic activity has been rising at a moderate rate.“Job gains have been solid, on average, in recent
In a sea of towering fiscal commitments and promises from political manifestos this year, the Labour Party’s manifesto stands out like a small semi-detached house among a cityscape of skyscrapers. With the release of their official fiscal plans, the party’s stance on taxation and spending
The Professional Footballers’ Association (PFA) of England has taken legal action against FIFA’s plans for a Club World Cup, citing concerns over player burnout. The decision to launch legal proceedings was made after the PFA, which represents Premier League players and others, stated that they
A 46-year-old man has been apprehended by the National Crime Agency (NCA) in connection with an ongoing investigation into PPE Medpro. The NCA is currently looking into potential criminal offenses related to the procurement of personal protective equipment contracts by the consortium.According to the NCA,
EU Plans to Impose Significant Tariffs on Chinese Electric Vehicles Leave Room for Debate on UK’s ResponseTariffs have long been a topic of debate, with many arguing that they do more harm than good. The recent announcement by the European Union to impose tariffs on
London’s renowned restaurant owner, Minor Hotels, has sought the assistance of restructuring advisers to aid in managing costs for its subsidiary, Wolseley Hospitality Group. According to sources within the industry, the project is in its preliminary stages and could result in various outcomes.Wolseley Hospitality Group
<?xml encoding="utf-8" ?????????>Of course, employees will often move onto pastures new, whether to broaden their experience, take another step up the ladder or move to a new location. All perfectly valid reasons for switching roles.If, however, it feels like your organisation is in constant ‘recruit
FINANCE SECRETARY RALPH G. RECTO — DEPARTMENT OF FINANCE FACEBOOK PAGEBy Luisa Maria Jacinta C. Jocson, ReporterTHE BANGKO SENTRAL ng Pilipinas (BSP) will probably cut its policy rate after the US Federal Reserve, which has signaled it may start easing as late as December.Finance Secretary
A lineman repairs a broken wire on an electric post in Manila, April 4, 2024. — PHILIPPINE STAR/RYAN BALDEMORTYPICAL HOUSEHOLDS in areas served by Manila Electric Co. (Meralco) will have to pay higher electricity bills this month, even as the utility deferred the collection of
A woman arranges bottles of vinegar at a food exhibition. — PHILIPPINE STAR/JOHN RYAN BALDEMORPHILIPPINE BANKS failed to meet the mandated quota for small business loans in the first quarter, data from the Bangko Sentral ng Pilipinas (BSP) showed.Loans extended by the banking industry to
A carabao is seen on a field in Malvar, Batangas, Feb. 24, 2024. — PHILIPPINE STAR/MIGUEL DE GUZMANTHE WORLD BANK is seeking to fund more Philippine projects that seek to bolster productivity in the agriculture sector amid rising prices of food.“The World Bank is very