Source link The move has “stunned” economists who expected the central bank to keep rates unchanged The Turkish central bank raised its benchmark interest rate by 500 basis points to 50% on Thursday, citing the need to tame skyrocketing inflation. The hike came as a surprise, as most economists expected the central bank to keep […]
Source link Irish Prime Minister Leo Varadkar has decided to step down after failing to sell voters on revising the country’s constitution Ireland’s Leo Varadkar has resigned as prime minister amid political backlash over a housing crisis, mass migration, and a failed effort by his government to revise how the country’s constitution defines families and […]
Source link Authorities in Zurich paid city workers double their February salary due to a technical mistake, a statement published Monday on the official website of the Zurich City Council said. According to the statementthe error occurred when state-owned Zuercher Kantonalbank (ZKB), which handles the city’s salary transfers, was processing this month’s payments. A glitch […]
Source link The Washington-based fund had previously been criticized for its optimistic assessment of Russia’s economy The Russian economy has been growing faster than many economists projected, IMF First Deputy Managing Director Gita Gopinath admitted on Monday in an interview with Foreign Policy magazine. Russian GDP climbed by 3.6% in 2023 and the country’s authorities […]
Source link Anticipated rate cuts by the Federal Reserve are fueling investor enthusiasm and boosting the Russian currency Russian Market is a project by a financial blogger, Swiss journalist and political commentator based in Zurich. Follow him on X @runews In a plot twist to the year-end financial narrative, Federal Reserve Chairman Jay Powell has delivered an […]
Source link Some 80,000 US troops are currently stationed in Europe in a bid to contain Russia amid the Ukraine conflict, down from 100,000 deployed last year, according to a letter sent to Congress by President Joe Biden on Thursday. In a document addressed to the Speaker of the House of Representatives and the Senate’s […]
Source link Lloyd Austin has arrived in the Ukrainian capital to reaffirm “steadfast support” amid concerns about US military aid US Secretary of Defense Lloyd Austin has arrived in Kiev on an unannounced visit, the Pentagon said on Monday. He held meetings with the Ukrainian leadership to provide reassurance about Washington’s commitment to providing military […]