Michele Bullock, governor of the Reserve Bank of Australia (RBA), speaks during a news conference at the bank’s head office in Sydney, Australia, on Tuesday, Apr. 1, 2025. Bloomberg | Bloomberg | Getty Images Australia’s central bank cut its policy rate by 25 basis points to the lowest in two years as inflation concerns in…
A general view of shoppers is seen in a retail store in Shanghai, China, on May 10, 2025, as China’s CPI declines in April amid a trade war. Ying Tang | Nurphoto | Getty Images China cut its key lending rates by 10 basis points on Tuesday, as Beijing ramps up efforts to boost its…
A worker finishes red Santa Claus hats for export at a factory on April 28, 2025, near Yiwu, Zhejiang province, China. Kevin Frayer | Getty Images News | Getty Images BEIJING — The U.S.-China tariff cuts, even if temporary, address a major pain point: Christmas presents. Nearly a fifth of U.S. retail sales last year…
The US has announced that it is cutting $50m (£37m) in aid to Zambia’s health sector, due to the country’s failure to address the “systematic theft” of donated drugs and medical supplies. This “difficult” decision was taken after repeated warnings to the Zambian government to safeguard vital drugs meant for the country’s most vulnerable patients,…
George Kurtz, co-founder and chief executive officer of Crowdstrike Inc., speaks during the Montgomery Summit in Santa Monica, California, U.S., on Wednesday, March 8, 2017. Patrick T. Fallon | Bloomberg | Getty Images Cybersecurity software maker CrowdStrike said Wednesday it plans to lay off 500 employees, representing about 5% of its workforce, a move CEO…
Sudan has cut diplomatic ties with the United Arab Emirates (UAE), after repeatedly accusing the Gulf nation of backing the rival Rapid Support Forces (RSF) in the country’s civil war. The announcement came as the RSF were blamed for attacks on the usually safe city of Port Sudan, which started on Sunday and have continued…
Robert Holzmann, governor of Austria’s central bank, during an interview in London, UK, on Monday, April 29, 2024. Bloomberg | Bloomberg | Getty Images Austrian central bank chief Robert Holzmann on Thursday said euro zone interest rates should be held until more clarity emerges on the path of U.S. tariffs and European Union countermeasures. “We…
Ukraine’s President Volodymyr Zelensky has cancelled part of his first visit to South Africa after an overnight Russian missile and drone attack on Ukraine’s capital Kyiv. At least nine people were killed and more than 80 injured, including children, in the attack, local officials said. Zelensky said in a post on X that he would…
Sundar Pichai, CEO of Google and Alphabet Inc., speaks at the inaugural 2024 Business, Government, and Society Forum at the Stanford Graduate School of Business in Stanford, California, on April 3, 2024. Carlos Barria | Reuters Five years removed from the onset of the Covid pandemic, Google is demanding that some remote employees return to…
A security guard stands outside the building near signs advertising the International Monetary Fund/World Bank Spring Meetings in Washington, DC, on April 17, 2025. Jim Watson | AFP | Getty Images The International Monetary Fund on Tuesday downgraded its growth forecasts for major Asian economies in 2025, citing trade tensions and “high policy uncertainty.” The…
