JPMorgan Chase CEO Jamie Dimon says he’s hopeful the Federal Reserve can bring down inflation without causing a recession but wouldn’t rule out more troubling possibilities, such as stagflation. In an interview with The Associated Press at a Chase branch opening in The Bronx, Dimon said he remained “cautious” about the US economy and said … Read more
The World Health Organization is likely to issue a wider warning about contaminated Johnson and Johnson-made children’s cough syrup found in Nigeria last week, it said in an email. Nigeria’s regulator recalled a batch of Benylin paediatric syrup last Wednesday, having found a high level of diethylene glycol in the product during routine testing. The … Read more
UAE President Sheikh Mohamed bin Zayed Al Nahyan received a phone call from Emmanuel Macron, President of the French Republic, during which the two leaders discussed bilateral relations and ways to further enhance cooperation within the framework of the strategic partnership that unites the two countries. The call also reviewed the outcomes of the International … Read more
The World Bank Group has announced an ambitious plan to support countries in delivering quality, affordable health services to 1.5 billion people by 2030. The strategy to reach 1.5 billion people is focused on three core elements: Expanding focus from maternal and child health to include coverage throughout a person’s lifetime, including non-communicable diseases. The … Read more
Floods, droughts, an earthquake and freezing conditions in China caused direct economic losses of 23.76 billion yuan ($3.28 billion) in the first quarter, the government said on Saturday. The emergency management ministry cited damage from several cold spells, a 7.1 magnitude earthquake in the northwestern region of Xinjiang, landslides in Yunnan province in the southwest … Read more
Pakistan’s central bank has repaid $1 billion in Eurobonds, it said on Saturday, a scheduled payment ahead of the South Asian nation seeking a long-term bailout from the International Monetary Fund. The bond, launched in 2014 and repaid on Friday, was maturing this month. “The payment was made to the agent bank for onward distribution … Read more
Fearing Iran attack on Israel, US has moved its warships. New Delhi: Israel is bracing for a direct attack by Iran as warnings grow of retaliation for the killing last week of a senior officer in Iran’s embassy in Damascus. US and other intelligence assessments have said the retaliation could come as soon as Sunday. … Read more
A cooperation agreement by the Philippines, the United States and Japan will change the dynamic in the South China Sea and the region, Philippine President Ferdinand Marcos Jr. said on Friday, while seeking to assure China it was not a target. “I think the trilateral agreement is extremely important,” Marcos told a press conference in … Read more
Earthquake in Japan today: An earthquake of 6.1 magnitude struck Japan’s northern coast of Honshu on Thursday morning, the National Centre of Seismology said. The depth of the earthquake was 55 km which struck Japan at 8:46 am IST.”Earthquake of Magnitude:6.1, Occurred on 04-04-2024, 08:46:33 IST, Lat: 37.77 & Long: 141.70, Depth: 55 Km ,Location: Near … Read more
Traders and investors are looking to global interest rate cuts and a closely-fought U.S. election to drag the world’s currency markets from their deepest lull in almost four years.Measures of historical and expected volatility – how much prices move over a set time period – have sunk in recent months with the world’s biggest central … Read more