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ECB tipped to pause one last time before June rate cut
ECB tipped to pause one last time before June rate cut
Economy
by  AFP

Buoyed by falling inflation, the European Central Bank is expected to keep borrowing costs on hold one last time Thursday while laying the ground for a first interest rate cut in June. Like other central banks, the ECB is now weighing the best time to switch gears and support economic growth through lower rates -- without endangering the progress on inflation.

'Panama Papers' trial to begin eight years after tax scandal
'Panama Papers' trial to begin eight years after tax scandal
Economy
by  AFP

Twenty-seven people are set to go on trial on Monday for money laundering in connection with the "Panama Papers" tax evasion scandal, which revealed how many of the world's wealthy stashed assets in offshore companies. The fact that part of its laws against money laundering did not exist when the Panama Papers revelations emerged could complicate efforts by the judiciary to achieve convictions.