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Economy

Fed policy may need to stay restrictive for longer due to inflation risk, Barkin says

By Howard Schneider BALTIMORE (Reuters) -The U.S. central bank’s benchmark policy rate should stay restrictive until it is more certain that inflation…
Economy

Microsoft plans to spend $80 billion on AI-enabled data centers in fiscal 2025

(Reuters) -Microsoft is planning to spend $80 billion in fiscal 2025 on the construction of data centers to train artificial intelligence (AI)…
Economy

Hong Kong budget deficit to be just under HK$100 billion, financial chief says

HONG KONG (Reuters) – Hong Kong’s deficit for this fiscal year is expected to be just below HK$100 billion ($13 billion), the…
Economy

Fed’s Kugler says data will drive Fed policy choices amid uncertainty

By Michael S. Derby (Reuters) – Federal Reserve Governor Adriana Kugler said on Friday the U.S. central bank is uncertain about what…
Economy

Turkey inflation drop hints at further rate cut to 45.0%- economist

Investing.com — Turkey experienced a larger-than-expected decrease in inflation last month, falling to 44.4% from 47.1% in November. The inflation decline was…
Economy

Britain vows – again – to reform social care, but no plan until 2028

LONDON (Reuters) – Britain’s latest plan to overhaul increasingly costly care for older and disabled adults will not be delivered until 2028…
Economy

Take Five: And we’re off

LONDON (Reuters) – The first full trading week of 2025 brings key U.S. jobs data as well as Chinese and euro zone…
Economy

Norway sovereign wealth fund makes $1.07 billion US real estate transaction

COPENHAGEN (Reuters) -Norway’s sovereign wealth fund said on Friday it had acquired a 45% stake in a portfolio of logistics properties in…
Economy

German unemployment rises less than expected in December, labour office says

BERLIN (Reuters) – The number of people out of work in Germany rose less than expected in December, federal labour office figures…
Economy

China adds 28 US entities to export control list

BEIJING (Reuters) – China has added 28 U.S. entities to its export control list to “safeguard national security and interests”, the commerce…
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