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Australia's central bank expects another tough year for households and businesses, signaling little rate relief in months ahead, but judged the banking sector was well capitalized to absorb any losses from rising arrears.
LONDON — The Bank of England on Thursday held interest rates steady at 5.25%, but hinted at cuts on the horizon as inflation falls faster than expected.
The Biden administration still needs to determine whether China's top chipmaker SMIC violated U.S. export rules to produce a chip to power Huawei's Mate 60 Pro phone, a senior Commerce Department official said during a congressional hearing on Thursday.
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NEW DELHI (AP) — India’s anti-corruption crusader Arvind Kejriwal was arrested Thursday by a federal agency that accused his party and ministers of accepting 1 billion rupees ($12 million) in bribes from liquor contractors nearly two years ago, a top leader of his party said.
The report released on Monday shows that the Japanese “only focus on the negative aspects of living to be 100”, with just 21 per cent saying they expect to be happy when they reach 100.
OpenAI CEO Sam Altman says he has no equity in the $80 billion artificial intelligence startup he co-founded in 2015.
Turkey's central bank on Thursday raised its key interest rate, the one-week repurchase rate, from 45% to 50%, citing the continuing need to counter climbing inflation in the country.