Business News

Powell reinforces expectations of sharp rate hike next month

The Federal Reserve must move faster than it has in the past to rein in high inflation, Chair Jerome Powell said, signaling that sharp interest rate increases are likely in the coming months, beginning at the Fed’s next policy meeting in May Go to Source Author:

Myanmar exempts foreign businesses, NGOs from forex rules

Myanmar officials say the military-led government will exempt approved foreign investors, embassies, United Nations agencies and non-government organizations from its rules requiring conversion of foreign exchange into the local currency Go to Source Author:

IMF, World Bank chiefs warn of debt squeeze in poor nations

The heads of the International Monetary Fund and the World Bank are warning that rising interest rates are squeezing the world’s poorest countries as they struggle with the coronavirus and soaring food prices Go to Source Author:

Macron, Le Pen square off for decisive debate as vote looms

In the climax of France’s presidential campaign, centrist President Emmanuel Macron and far-right contender Marine Le Pen will meet Wednesday evening in a one-on-one TV debate that promises to be tough for both Go to Source Author:

Netflix aims to curtail password sharing – and bring in ads

An unexpectedly sharp drop in subscribers has Netflix considering changes to its service that it has long resisted: minimizing password sharing and creating a low-cost subscription supported by advertising Go to Source Author: