The Reserve Bank of Australia (RBA) has cut its policy interest rate by 25 basis points to 4.1%, marking its first reduction since November 2020. The move follows a prolonged tightening cycle that saw rates rise from 0.1% to 4.35% between May 2020 and November 2023.
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Brazil’s COP30 summit aims to spotlight developing nations' climate finance needs, pushing wealthy countries to meet funding pledges amid challenges from the U.S. withdrawal from the Paris Agreement.
UniCredit has raised its stake in Germany's Commerzbank to 28 percent through new derivative contracts, the Italian bank announced on Wednesday, December 18. This move comes as UniCredit faces challenges in its bid for Italian rival Banco BPM.
Wall Street opened lower on Tuesday as investors turned cautious ahead of the Federal Reserve's interest rate decision, following strong retail sales data that signalled consumer resilience.
The U.S. dollar held close to a three-week peak against major currencies on Monday, as investors braced for a slew of central bank decisions expected this week. Markets are all but certain that the Federal Reserve will cut interest rates by 25 basis points on Wednesday, while also signaling a slower
Chad's foreign ministry has announced plans to assert its sovereignty and redefine strategic partnerships, following France's troop withdrawals from Mali, Niger, and Burkina Faso. Chad hosts 1,000 French troops and various military assets for security cooperation.
“Azerbaijan has created a platform, and we are a bridge between the parties. And now it's up to all of us together to make that happen,” UN High-Level Climate Champion, Nigar Arpadarai, tells AnewZ in an exclusive interview ahead of COP29 in Baku.
Boeing is working to strengthen its finances,announcing plans to raise up to $25 billion through stock and debt offerings and securing a $10 billion credit agreement with major lenders
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