In its first major labour strike since 2008, thousands of Boeing’s US West Coast factory workers will walk off the job after 96% of them voted in favour of a strike following growing dissatisfaction over pay and benefits in Boeing’s latest contract offer. The strike, set to begin at midnight…
The Dow Jones Industrial Average index has done well this year, helped by the rising hopes that the Federal Reserve will start cutting interest rates. It has also risen as investors cheer the strong first-half earnings and after the United States avoided a hard landing. The SPDR Dow Jones ETF…
JD Vance, Donald Trump’s running mate and Republican vice-presidential nominee, has stepped in to defend the former president’s stance on trade with China, claiming it’s widely misunderstood. Vance argues that Trump’s trade policies are not about isolating America but ensuring the country’s long-term economic self-reliance, especially in key industries like…
In a move aimed at bolstering economic activity, the European Central Bank (ECB) Governing Council announced a reduction in the deposit facility rate by 25 basis points, bringing it down to 3.50% effective September 18, 2024. This decision reflects the ECB’s ongoing efforts to influence monetary policy positively and stimulate…
The Bank of Russia is fast-tracking its plans for the digital ruble, setting a July 2025 deadline for full integration across the nation’s largest banks. This move will allow both retail customers and businesses to access the digital ruble, enabling them to open accounts, transfer funds, and make payments with…
France’s first lady, Brigitte Macron, has won a legal battle against two women who falsely claimed she was transgender. The Paris court ruling orders them to pay €8,000 (£6,750) in damages to Macron and €5,000 to her brother, Jean-Michel Trogneux. The case has highlighted the widespread impact of online disinformation,…
In a significant move amid Venezuela’s ongoing political crisis, the United States has imposed sanctions on 16 top officials connected to President Nicolás Maduro’s regime. Among those targeted is Caryslia Rodríguez, President of the Constitutional Chamber of the Venezuelan Supreme Court. The sanctions are part of the US response to…
As the US presidential election approaches and the race tightens, business leaders are delaying key decisions until after November, according to organizational consulting firm Korn Ferry. With the two presidential candidates—former President Donald Trump and Vice President Kamala Harris—offering only broad outlines of their policies, companies are waiting for more…
The Bank of Russia is expected to maintain its key interest rate at 18% during its upcoming meeting on Friday, as recent economic data suggests a potential slowdown in inflation and retail demand. This move would follow a significant rate hike in July and reflects ongoing concerns about inflationary pressures…
Fulcrum Therapeutics Inc. (NASDAQ: FULC) saw its stock plunge 65% on Thursday after announcing that its late-stage trial for losmapimod, a treatment for facioscapulohumeral muscular dystrophy (FSHD), failed to meet its primary endpoint. This significant setback has led the biotech company to halt further development of the drug for FSHD,…