BUON MA THUOT, Vietnam — Le Van Tam is no stranger to how the vagaries of global trade can determine the fortunes of small coffee farmers like him. He first planted coffee in a patch of land outside Buon Ma Thuot city in Vietnam’s Central Highland region in 1995. For years, his focus was on … Read more
ERREKUNDA, Gambia — Lawmakers in Gambia on Monday rejected, for now, an attempt to repeal a ban on female genital cutting, which would make the West African nation the first country anywhere to make that reversal. Activists in the largely Muslim country had warned that lifting the ban would hurt years of work against a … Read more
Federal Reserve Chairman Jerome Powell prepares to testify before the Senate Banking, Housing and Urban Affairs Committee on March, 7 2024. Kent Nishimura | Getty Images News | Getty Images WEST PALM BEACH, Fla. — The U.S. Federal Reserve is likely to start cutting interest rates by the end of the second quarter despite recent … Read more
Euros, U.S. dollars, Canadian dollars, Russian rubles and Czech korunas lie on a table as banknotes. Picture Alliance | Picture Alliance | Getty Images As inflation loosens its grip in most economies, investors are closely monitoring interest rate decisions, with markets expecting a slew of rate cuts this year. While rates in most economies are … Read more
POLAND – 2023/09/11: In this photo illustration, IBM logo seen displayed on a smartphone with Artifical Intelligence (AI) symbols in the background. Omar Marques | Lightrocket | Getty Images IBM on Tuesday told employees in its marketing and communications division that it’s slashing the size of its staff, according to a person with knowledge of … Read more
IKEA lowers prices on items worldwide. Nurphoto | Nurphoto | Getty Images Swedish home and furniture company Ikea has been cutting prices across a number of countries as global inflation eased, as it boosts its investments in price reductions. The company is further expanding its price cuts in 2024 across all of its markets globally, … Read more
Presumptive Republican presidential nominee Donald Trump opened the door Monday to “cutting” spending under Social Security and Medicare, drawing swift pushback from President Joe Biden and elevating a key policy battle in the 2024 election. Phoning into CNBC’s “Squawk Box,” Trump was pressed on how he plans to resolve the long-term solvency problems of Social … Read more
WASHINGTON ― Former president Donald Trump seemed to suggest he favored cutting retirement programs such as Social Security and Medicare in a rambling answer he gave during a TV interview on Monday. CNBC’s Joe Kernan asked Trump, who has previously said he opposes cutting so-called entitlement spending, if he had changed his outlook given the … Read more
Federal Reserve Chairman Jerome Powell testifies during the Senate Banking, Housing and Urban Affairs Committee hearing titled “The Semiannual Monetary Policy Report to the Congress,” in Dirksen Building on Thursday, March 7, 2024. Tom Williams | Cq-roll Call, Inc. | Getty Images Federal Reserve Chair Jerome Powell on Thursday indicated that interest rate cuts may … Read more
Injection pens of Novo Nordisk’s weight-loss drug Wegovy are shown in this photo illustration in Oslo, Norway, Nov. 21, 2023. Victoria Klesty | Reuters The Food and Drug Administration on Friday approved Novo Nordisk’s blockbuster weight loss drug Wegovy for use in slashing the risk of serious cardiovascular complications in adults with obesity and heart … Read more