Category Archives for "The Economy"

ECB and Fed Set to Make Crucial Rate Decisions

The European Central Bank (ECB) looks set to hike interest rates by another 50 basis points at its meeting on Thursday, taking the deposit rate to 3.00%.[0] This would be the third straight hike of 50 bps, bringing the total increase since July to 300 basis points in a bid to tame inflation. The path […]

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Li Qiang Elected as New Premier of China

BEIJING — Li Qiang, the former Communist Party chief of Shanghai, is the new premier of China. He was elected to the position at the National People’s Congress on Saturday morning, receiving a vote of 2,936-3, with eight abstentions.[0] Li Qiang, 63, is a close ally of Chinese President Xi Jinping, and will now be […]

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