International

December 14, 2023 8:20 AM

US Federal Reserve keeps key interest rate unchanged for third straight time

The US Federal Reserve has kept its key interest rate unchanged for a third straight time. The Fed kept its benchmark rate at about 5.4 percent, its highest level in 22 years. This has led to much higher costs for mortgages, auto loans, business borrowing and many other forms of credit. Higher mortg...

December 13, 2023 9:39 PM

Nations at COP28 Reach Landmark 'UAE Consensus' for Net Zero by 2050

<span style="color: #222222;">In Dubai, nations reached for a landmark agreement, the 'UAE Consensus' that calls for a transition away from fossil fuels to achieve net zero by 2050. The 28th Conference of the Parties (COP28) has come to a historic close, mar...

December 13, 2023 7:21 PM

Donald Tusk Sworn In as Polish Prime Minister, Leading Pro-EU Coalition

<span style="color: #222222;">In Poland, Donald Tusk (former European Council president) was sworn in as the new Prime Minister of the country on Wednesday. The move marks a huge change after eight years of nationalist rule. In his inaugural speech to Parliament after...

December 13, 2023 1:20 PM

IMF approves 689m loan for Bangladesh with advice to contain inflation

The International Monetary Fund (IMF) has approved the release of $689 million in the second tranche of the $4.7 billion loan package allocated for Bangladesh. The Washington-based lender has advised Bangladesh to continue to focus on containing inflation and rebuilding ext...

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