An eagle tops the U.S. Federal Reserve building’s facade in Washington, July 31, 2013. REUTERS/Jonathan Ernst/ Jonathan Ernst | Reuters The Federal Reserve and the European Central Bank look poised to make “major progress” in cutting interest rates this year, according to the central bank of central banks. Agustín Carstens, general manager of the Bank … Read more
BANGKOK — U.S. Commerce Secretary Gina Raimondo on Thursday praised the progress made by the 14 countries in the Indo-Pacific Economic Framework for Prosperity after the group held a ministerial meeting Thursday to discuss proposed guidelines for regional commerce. Raimondo was in the Thai capital Bangkok to take part in the virtual meeting, the year’s … Read more
Customers at a Lego store in Shanghai, China, on Feb. 3, 2024. Costfoto | Nurphoto | Getty Images The chief executive of Denmark’s Lego on Tuesday reflected on a tough year for the world’s largest toymaker, and outlined the firm’s long-term plans to stay relevant and “cool with kids.” Lego said its 2023 revenue was … Read more
TEL AVIV, Israel — Mediators are making progress on an agreement for a weekslong cease-fire between Israel and Hamas and the release of dozens of hostages held in Gaza as well as Palestinians imprisoned by Israel, Israeli media reported Sunday. Israel’s War Cabinet met to discuss the proposal late Saturday, but there was no official … Read more
Prices on displayed in a New York grocery store on Feb. 1, 2023. Leonardo Munoz | Corbis News | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you … Read more
Airbnb is slowly killing the cleaning fee as it aims for more transparent pricing. Since early last year, when the company started showing guests all-inclusive pricing when booking a property, almost 300,000 listings have removed or lowered cleaning fees, Airbnb said in its earnings report today. Now, nearly 40% of active listings no longer charge … Read more
CAIRO — Israel and Hamas are making progress toward a deal that aims to bring about a cease-fire and free hostages held in the war-ravaged Gaza Strip, according to two officials with direct knowledge of the talks, as key meetings continue Tuesday between the sides in the Egyptian capital. Talks are moving forward even after … Read more
Ukraine is investing millions in new defensive fortifications. That will make it even harder for Russia to get any victories, an expert told Business Insider. Attacking has been harder than defending in this war, so Ukraine has a new advantage. A tactical shift by Ukraine will likely make it even harder for Russia to gain … Read more
FRANKFURT, Germany — Cutting interest rates too soon could threaten Europe’s progress in battling the inflation that has ravaged the economy, the head of the European Central Bank said Wednesday amid widespread speculation that the bank soon will lower rates from record highs. Christine Lagarde, faced with market expectations for rate cuts as soon as … Read more
Skaman306 | Moment | Getty Images DAVOS, SWITZERLAND — The slew of upcoming global elections could derail international efforts to secure long-term food supplies, according to the International Fund for Agricultural Development (IFAD). President Alvaro Lario told CNBC that is short-term politics will likely dominate over longer-term strategy in the bumper election year of 2024, … Read more