Vanguard doesn’t expect the Federal Reserve to cut interest rates this year, defying the view from Fed officials that the central bank remains on track to reduce rates three times in 2024. The Fed on Wednesday left interest rates unchanged for the fifth consecutive time, as expected, keeping its benchmark overnight borrowing rate in a … Read more
The Swiss national flag hangs from the Federal Palace, Switzerland’s parliament building, in Bern, Switzerland, on Thursday, Dec. 13, 2018. The Swiss National Bank cut its inflation forecast and showed no inclination of moving off its crisis-era settings, citing the francs strength and mounting global risks. Photographer: Stefan Wermuth/Bloomberg via Getty Images Bloomberg | Bloomberg | Getty … Read more
STORY: The cross-country skiers, five of them members of the same family from Valais canton, went missing near the Tête Blanche mountain on Saturday on the Zermatt-Arolla path. Authorities have not given the cause of death for the five found late on Sunday (March 10) but described “catastrophic” conditions with avalanches, snow storms and extreme … Read more
India flag, stock market, exchange economy and Trade, oil production, container ship in export and import business and logistics. Texbr | Istock | Getty Images India will lift most tariffs on four nations in Europe in a “watershed” deal that is expected to yield $100 billion worth of investment over 15 years and one billion … Read more
Many passport rankings focus on one factor: visa-free travel. But passport strength is more complex than this, according to the tax and immigration consulting firm Nomad Capitalist. That’s why it produces a weighted annual index that analyzes five criteria: Visa-free travel — 50%Taxation — 20%Global perception —10%Ability to hold dual citizenship — 10%Personal freedom (freedom … Read more
The sun sets on the skyline of midtown Manhattan, the Empire State Building and Hudson Yards in New York City on February 17, 2024. Gary Hershorn | Corbis News | Getty Images The entry barriers to the 1% rich club have been getting tougher across the world. Here’s how much you need to join the … Read more
Steam rises from the Niederaussem coal-fired power plant operated by German utility RWE, which stands near open-pit coal mines that feed it with coal, on November 13, 2017 near Bergheim, Germany. Lukas Schulze | Getty Images News | Getty Images In order to drive the progress and development of innovative solutions that tackle climate change … Read more
Vertigo3d | E+ | Getty Images DAVOS, Switzerland — Blockchain could be used to prevent bias in the data that artificial intelligence models are being trained on — and that could be a “killer use case” for the technology, executives told CNBC. One of the concerns about the AI models — the kind that underpin … Read more
India’s position on the global value chain is shifting due to government incentives and a digitally savvy economy Getty Premiums DAVOS, Switzerland — Along the Davos Promenade, attendees of the World Economic Forum stumble across the WeLead Lounge, a repurposed storefront showcasing India’s female leadership and talent. There’s also the India Engagement Center, a space … Read more
President of the European Central Bank (ECB) Christine Lagarde attends a session on the closing day of the World Economic Forum (WEF) annual meeting in Davos, on January 19, 2024. Fabrice Coffrini | Afp | Getty Images European Central Bank President Christine Lagarde said she does not expect a return to economic “normality” in 2024, … Read more