President Donald Trump said Thursday he is not happy with the strong U.S. dollar, which is hurting American manufacturing, and blamed the Federal Reserve for keeping interest rates too high.Full Story
Applications for Chevening Scholarships to study in the UK are open between 5 August and 5 November 2019, with applications to be submitted via www.chevening.org/apply, the British embassy in Lebanon said in a statement on Wednesday.
Chevening Scholarships are awarded to individuals with demonstrable leadership potential who also have strong academic backgrounds. The scholarship offers full financial support for future leaders to study for any eligible master’s degree at any UK university whilst also gaining access to a wide range of exclusive academic, professional, and cultural experiences.Full Story
U.S. President Donald Trump on Wednesday kept up pressure on the Federal Reserve, demanding more stimulus as Wall Street looked set to tumble on economic fears.Full Story
Italian bank UniCredit cut its 2019 revenue target Wednesday, citing "a tough macroeconomic environment" marked in particular by low interest rates that undermine lending operations.Full Story
India's central bank on Wednesday cut interest rates for the fourth time this year, as New Delhi battles sluggish economic growth and high unemployment.Full Story
Saudi Arabia is building a futuristic megacity with promises of talking robots and flying taxis, but for hundreds of thousands like academic Abdullah a simple dream remains elusive -- owning a home.Full Story
Myanmar hit back Tuesday at a report by U.N. investigators calling for tougher sanctions against the country's powerful military to squeeze its business empire, accusing the probe of trying to harm the country.Full Story
The Federal Reserve has set U.S. interest rates "in the right neighborhood," but will watch how the economy reacts to factors like the trade war, James Bullard, a key member of the central bank policy board, told AFP on Tuesday.Full Story
European stock markets recovered a bit Tuesday and Asian indices pared back heavy losses following a rout on Wall Street as investors fretted over the US-China trade war.Full Story
China allowed its yuan to fall further Tuesday and accused Washington of damaging the global economy, fueling fears about increasing damage from their trade war.
The yuan declined to 7.0562 to the U.S. dollar before strengthening to 7.0297 in the afternoon. That came a day after Beijing sent financial markets tumbling by allowing the currency to fall to an 11-year low, breaking through the politically sensitive level of seven to the dollar.Full Story