The Federal Open Market Committee of the Federal Reserve said the new interest rates was approved unanimously. The central bank's policy rate is now in a target of 4.25-4.50 per cent, the highest level in 15 years.
A recent Reuters poll suggests that a vast majority of analysts in the US believe the economy will enter a short and light recession later this year. This comes as the country is experiencing surging inflation, which has reached a four-decade high, prompting the Federal Reserve to announce several interest rate hikes since the beginning of the year in an […]
The Reserve Bank of India's three-day monetary policy committee meeting commences today. Financial markets will be keenly watching the committee's stance as consumer inflation is still above the 6 per cent target band.
In spite of rising inflation and a weak economy, US businesses hired consistently in November. The Labor Department said on Friday that the economy added 263,000 jobs and the unemployment rate was 3.7%, which is almost a 53-year low. Compared to the 284,000 jobs added in October, fewer positions were added in November. Thousands of […]
Study found metabolites significantly altered in liver and in skeletal muscle of the offspring of mothers with obesity during pregnancy. The reason behind revealed by the researchers.
As the nation prepares for its second winter under Taliban rule, more Afghans will be fighting for survival as living circumstances worsen in the coming year, a top official of the International Committee of the Red Cross warned in an interview. When the religious organization took control in August 2021, the economy collapsed and Afghanistan underwent a major transformation that left millions of people in poverty and starving to death as foreign help abruptly ceased. “The economic hardship is there. It’s very serious and people will struggle for their lives,” Martin Schuepp, director of operations at the Red Cross, said in an interview late Sunday. Access to international institutions and the foreign funds that financed Afghanistan’s aid-dependent economy prior to the withdrawal of U.S. and NATO forces have already been hampered by sanctions against the Taliban leadership, a ban on bank transfers, and the freezing of billions in the country’s currency reserves. The Red Cross pays the salary of 10,500 medical personnel in the Afghanistan “Prices are spiking due to […]
In experiments on mice, researchers show that non-essential amino acids act as appetite suppressants and promote the urge to move. Their research provides insight into the neural mechanism that controls this behaviour.
New Delhi [India], October 13 (ANI): Volatility in Indian stock markets continues to remain as they again declined on Thursday morning. Today's decline was largely due to elevated inflation levels in the country.
Mumbai (Maharashtra) [India], October 7 (ANI): The Indian markets on Friday were trading flat during morning trade amid weak global cues and rising crude prices. The S&P BSE Sensex index was down 196 points to 58,025.17 level whereas Nifty50 dipped 51 points to 17,280 at 9.51 IST on Friday.
Mumbai (Maharashtra) [India], September 28 (ANI): The Indian rupee weakened by 37 paise to hit a new all-time closing low of 81.90 against the US dollar on Wednesday as the greenback strengthened against major global currencies.
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