The Bank of England on Thursday held its key interest rate at a 16-year high, opting against a reduction as inflation remains elevated despite recent slowdowns. High interest rates have worsened the squeeze for individuals and businesses alike, as commercial lenders put up their own interest rates on loans including mortgages.
With suit-clad employees sipping coffees, Skyeton's offices in Ukraine's Kyiv region look like a typical tech start-up. Would-be employees have to pass a background check, with Ukraine's arms industry a prime target for Russian espionage and sabotage.
Joseph Ngono's face lights up with a smile as he looks at his smartphone, where a payment worth $830 has just appeared in his digital wallet. Shunned by banks, many people in Cameroon turn to their communities for help in the form of tontines, such as the one Ngono uses via the smartphone app Djangui.
Tearing off a piece of mouldy flatbread, Homayon gulped tea in a brief reprieve from the din of the machines he and a dozen other men were using to dig for gold on a mountainside in northeastern Afghanistan. Despite the risks, the men continue digging.
Airline watchdogs were on Tuesday investigating why a Boeing-made LATAM plane bound for New Zealand suddenly lost altitude mid-flight, dropping violently and injuring dozens of terrified travellers. Data from airline tracker FlightAware showed the plane began losing altitude about two hours into the three-hour flight.
Asian markets mostly rose Tuesday following the previous day's sell-off, with focus on the release of US inflation data that could play a key role in the Federal Reserve's decision-making on cutting interest rates. The prospect of US interest rates coming down this year has played a role in pushing bitcoin to new record highs, with the cryptocurrency peaking at $72,880.
Wins for "Oppenheimer," live musical performances from "Barbie" and an (almost) naked John Cena helped lift Oscars ratings for a third consecutive year, early viewing figures showed Monday, as 19.5 million tuned in to watch Hollywood's big night.
President Joe Biden's ambitious 2025 budget proposal, published Monday, is almost certain to be dead on arrival in the sharply divided US Congress ahead of presidential elections later this year.
Twelve passengers were hospitalised Monday after a technical problem on a LATAM flight from Sydney to Auckland caused the Boeing-made plane to dip violently, the airline and first responders told AFP. At least one person was in serious condition after flight LA800 experienced an unspecified "technical event" over the Tasman Sea.
A British hedge fund trader accused of defrauding Danish tax authorities in a billion-dollar scam went on trial in Copenhagen on Monday, with the government hoping to recover the money in the blockbuster case. The case has been widely covered by the media in Denmark, where the state is hoping to recover its money.
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