Argentina’s central bank said on Thursday it hiked reserve requirements by 3 percentage points for the country’s largest banks, as it tries to keep its plan for reducing short-term debt from adding to already high inflation.3 comments
The Pennsylvania Supreme Court has released a grand jury report detailing sex abuse in the Catholic Church, naming over 300 accused clergymen. The landmark grand jury investigation found more than 1,000 children had been abused by members of six dioceses in the state for the last 70 years.Add your comment!
United States and Mexican law enforcement authorities will set up a joint team based in Chicago targeting the leaders and finances of drug cartels that ship opioids into the United States, aiming to stanch a spike in overdose deaths, officials said on Wednesday.1 comment
The White House on Wednesday condemned Turkey’s doubling of tariffs on U.S. cars, alcohol and tobacco imports, calling the action “a step in the wrong direction.” Turkey took the action in response to what it called the Trump's administration's attack on its economy. The United States doubled tariffs on Turkish steel and aluminum last week, which contributed to a tumble in the Turkish lira.2 comments
Corona beer owner Constellation Brands is set to pour some US$ 4 billion into Canada's top cannabis producer, Canopy Growth, in a deal marking the largest investment in the industry to-date. Last year, Constellation injected US$ 200m into Canopy in a deal to produce a non-alcoholic cannabis-based beverage. The alcohol firm wants to capitalize on the growing legalization of the drug.Add your comment!
New Zealand's parliament has banned many foreigners from buying existing homes in the country - a move aimed at making properties more affordable. The ban only applies to non-residents. Australians and Singaporeans are exempt because of free-trade deals.Add your comment!
UK inflation climbed in July as had been expected, according to the latest data from the Office of National Statistics, ONS, released on Wednesday. ONS reported that the rate of consumer price inflation, the most-watched measure, increased from 2.4% in June to 2.5% in July, reversing a trend of gradually declining inflation over the course of 2018.Add your comment!
Qatar has come to the rescue of Turkey and its ruler Amir Sheikh Tamim bin Hamad al-Thani issued directives to support the Turkish economy with a host of economic projects, investments and deposits worth a total of US$ 15 billion. This follows a meeting of the Amir with the Turkish president Recep Tayyip Erdogan on Wednesday in Ankara.1 comment
London's mayor is urging residents and tourists to remain calm and vigilant following the latest terror attack in the city. The driver of a car injured three people before crashing into barricades near Parliament. A security camera captured the moment the silver Ford came speeding down the road. It hit a group of cyclists, jumped the sidewalk and then smashed into the heavy metal security barrier.1 comment
It came seemingly without warning, and has left a shocked and devastated nation demanding answers. Now officials are scrambling to find out how Genoa’s Morandi Bridge collapsed overnight killing at least 30 people as it sent dozens of vehicles tumbling into a heap of concrete and twisted steel.Add your comment!