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US Fed 'not yet' at the point of rate cuts, official says
US Fed 'not yet' at the point of rate cuts, official says
Economy
by  AFP

The US Federal Reserve is on the right track in its inflation fight, but "not yet" at the point where it should begin cutting interest rates, a senior official said Friday. Speaking at an event in Hawaii on Friday, Fed Governor Michelle Bowman said she was encouraged by the recent fall in inflation, and expected price increases would continue to slow further given the high level of interest rates.

Six unpaired Michael Jordan sneakers sell for $8 mn
Six unpaired Michael Jordan sneakers sell for $8 mn
Economy
by  AFP

Six single Nike Air Jordans, worn by the eponymous basketball star in the 1990s, sold Friday for a record $8 million, according to auction house Sotheby's. The six shoes sold on Friday were an Air Jordan VI (1991), VII (1992), VIII (1993), XI (1996), XII (1997) and an Air Jordan XIV (1998).

Turkey's pro-market bank chief resigns after scandal
Turkey's pro-market bank chief resigns after scandal
Economy
by  AFP

Turkey's central bank chief Hafize Gaye Erkan said Friday she was resigning after less than a year in the job over a media scandal involving her family. But the 44-year-old has came under withering attack on social media and in some opposition publications for allegedly allowing her father to make unauthorised personnel decisions at the bank.

German airline Discover's pilots to strike
German airline Discover's pilots to strike
Economy
by  AFP

Pilots with the German airline Discover, a subsidiary of Lufthansa, announced they would stage a fresh 48-hour strike from Monday, accusing management of refusing to respect collective agreements. Discover Airlines, which until last September was known as Eurowings Discover, is part of the Lufthansa group and employs 2,000 people.