Browsing: Business

Wall Street surged Thursday as investors embraced the Fed’s first rate cut in four years, with major indexes rising and tech stocks leading the charge.

IRENA and Azerbaijan will host the first Central Asia Energy Transition Investment Forum in Baku in November, focusing on attracting investments for renewable energy projects.

Facing over $1.2 billion in debt, Tupperware filed for Chapter 11 bankruptcy. The company plans to maintain operations and explore a sale to protect its brand.

The Federal Reserve cut rates by half a percentage point Wednesday, its first move since the Covid pandemic, in an effort to stabilize inflation and boost the weakening labor market.

Idris Elba fronts the UAE’s ‘Invest in the Emirates’ campaign, which seeks to attract global innovators by showcasing the country’s thriving business environment and support for ventures.

The Federal Reserve’s upcoming rate decision could signal broader concerns about the economy, with analysts divided over the size of the expected cut.

Wells Fargo faces enforcement action from the OCC for deficiencies in anti-money laundering practices, impacting its financial crime risk management and controls.

Russia’s Central Bank raised its key interest rate to 19%, citing persistent inflation driven by increased defense spending amid the ongoing war in Ukraine.

European Central Bank lowers key rate to 3.5% as it aims to counter slowing economic momentum and maintain inflation near the target level in challenging times.

OBR projects UK public debt could rise to 274% of GDP by 2074 due to ageing population, rising healthcare costs, and climate change impacts, requiring immediate fiscal reforms.