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Australia central bank cuts rates for the first time in more than four years, flags economic uncertainties newsthirst.

Reserve Bank of Australia (RBA) at the central bank’s building in Sydney, Australia on May 2, 2022. Brendon Thorne | Bloomberg | Getty Images The Reserve Bank of Australia on Tuesday cut benchmark interest rates for the first time in over four years, joining ranks with other major global central banks, as softening inflation allows…

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India central bank cuts policy rate for the first time in nearly five years; pegs GDP growth at 6.7% newsthirst.

Sanjay Malhotra, governor of the Reserve Bank of India (RBI), during a news conference in Mumbai, India, on Wednesday, Dec. 11, 2024. India’s newly-appointed central bank governor Malhotra said he will look to uphold stability and continuity in policy in his role. Photographer: Dhiraj Singh/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty Images The…

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Time to return to Cold War-era defense spending newsthirst.

It’s “paramount” that Europe returns to Cold War-era defense spending policies as the war in Ukraine continues, Polish President Andrzej Duda told CNBC on Wednesday. The president warned the security situation in Europe has “drastically changed” since 2014, when NATO’s defense expenditure rules were first introduced. “There’s hardly any difference between Soviet imperialism and Putin’s…

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Jailed Belarus opposition figure Babaryko seen for first time in months newsthirst.

“Babaryko is alive!” Those were the words of Viktor Babaryko’s team after seeing the first images of the imprisoned Belarusian opposition politician in more than 630 days. Arrested in 2020 as he tried to run for president against authoritarian leader Alexander Lukashenko, Babaryko was then held incommunicado behind bars as extra punishment. His political team…

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