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Most markets sink as China rate cut fails to ease economy worries
Most markets sink as China rate cut fails to ease economy worries
Business and Economy
by  AFP

Most Asian markets fell Monday as China's decision to cut interest rates again failed to reassure investors, who are growing increasingly worried about the outlook for the world's number two economy. While the Fed and others contemplate more increases, the People's Bank of China on Monday announced another cut in bid to kickstart the sputtering economy.

China cuts key interest rate to support economy
China cuts key interest rate to support economy
Business and Economy
by  AFP

China's central bank on Monday cut a key interest rate in an attempt to counter the post-Covid growth slowdown in the world's second-largest economy. Monday's measures -- which run counter to rising interest rates around the world as other major economies work to curb inflation -- will indirectly support economic activity as China's growth flags.

Turkey's leader Erdogan in Hungary for NATO, energy talks
Turkey's leader Erdogan in Hungary for NATO, energy talks
Business and Economy
by  AFP

Turkish President Recep Tayyip Erdogan met Hungarian Prime Minister Viktor Orban in Budapest on Sunday, with energy security and Sweden's membership of NATO on the agenda for both countries. Among other dignitaries welcomed on Sunday were the presidents of Serbia, Azerbaijan, Kyrgyzstan as well as President Serdar Berdymukhamedov of Turkmenistan.

'Beetle' beats 'Barbie' in N.American theaters
'Beetle' beats 'Barbie' in N.American theaters
Business and Economy
by  AFP

It was a good news/bad news weekend for "Blue Beetle," the latest superhero film to hit North American theaters and the first built around a live-action Latino protagonist. Analyst David A. Gross said that while ticket sales for "Beetle" were only a third the average for new superhero flicks, reviews have been good and overseas prospects are strong.