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UK bank NatWest CEO resigns after Farage 'error'
UK bank NatWest CEO resigns after Farage 'error'
Business and Economy
by  AFP

The chief executive of Britain's NatWest bank, Alison Rose, stepped down Wednesday after admitting a "serious error of judgment" in speaking to a reporter about the banking affairs of arch-Brexiteer Nigel Farage. Rose previously admitted she was the source for the story, and acknowledged "a serious error in judgment" in discussing Farage's relationship with the bank.

Wind of change picks up for German region's energy sector
Wind of change picks up for German region's energy sector
Business and Economy
by  AFP

Residents of the rural Bavarian village of Schnabelwaid have said "yes" to the installation of wind turbines on the hillside next to their community in a rare win for an energy source unloved in Germany's biggest region. The roughly 900 residents of Schnabelwaid approved the new project to install about 10 turbines by a whisker at the end of a public consultation in April.

US Federal Reserve likely to lift interest rates to 22-year high
US Federal Reserve likely to lift interest rates to 22-year high
Business and Economy
by  AFP

The US Federal Reserve is poised to announce a fresh quarter percentage-point hike to its benchmark lending rate on Wednesday to tackle inflation, while keeping the option open for more such moves in the coming months. Futures traders see a probability of close to 99 percent that the Fed will proceed with a quarter percentage-point hike, according to data from CME Group.