European Central Bank Raises Rates Again
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Here's what 12 European Central Bank members said about interest rates this week
The ECB has become "the central bank to be followed," one central bank governor said.CNBC - Business -
Fed's Global Detractors Grumble as Central Bankers Debate Rate Cuts
Fed president say arate cutmight happen this September, or maybe not. At the IMF meeting, other finance chiefs tryto keep up with the shifting sands of U.S. monetary policy.Inc. - Business - Federal Reserve -
Arrests of Europeans for Aiding Russia Raise Fears of Kremlin’s Reach
A string of arrests, including two Poles accused of attacking a Navalny aide and a third for ties to a possible plot against Ukraine’s president, have amplified worries of Russian infiltration.The New York Times - Top stories - Russia -
Israeli missile hits Iran, US officials say
Blasts are heard in central Isfahan province, though it was not immediately clear what was hit.BBC News - Top stories - Israel -
Salman Rushdie Is Again the Toast of Literary Manhattan
Nearly two years after he was stabbed, he was in fine form as he greeted his fellow writers at a party celebrating his candid memoir, “Knife.”The New York Times - Lifestyle -
Sudan is in need — why is the world silent yet again?
Why are Sudanese lives seemingly unworthy of attention?The Hill - Politics -
Attack blamed on IS militants kills 22 pro-government fighters in central Syria
An opposition war monitor and a pro-government media outlet say an attack on pro-government fighters by suspected members of the Islamic State group in central Syria killed 22 pro-government fightersABC News - World -
European Gas Erases Gains as Market Weighs Strike on Iran
Yahoo News - World - Iran -
The next bank bailout’s true costs may not be such a mystery
Future debates about whether to assist distressed corporations, including New York Community Bank, could be better informed by more educated guesses about costs.The Hill - Politics -
Mistral in talks to raise €500mn at €5bn valuation
One-year-old French start-up approached by multiple investors who view it as Europe’s answer to OpenAIFinancial Times - Business -
R.F.K. Jr. Raises New Uncertainty for Biden in Michigan
Mr. Kennedy’s success in landing on the battleground state’s ballot guarantees that he will shape the race this November. Both parties are racing to define him.The New York Times - Top stories - Joe Biden -
Billy Joel special to air again after abrupt cut-off on CBS
A Billy Joel special on CBS and Paramount+ will air again after it was cut off in the middle of the singer's performance of "Piano Man."CBS News - Entertainment -
An attack on women that has devastated Australia
The stabbing rampage at a busy Sydney shopping centre has left many - particularly women - fearful.BBC News - Top stories - Australia -
The radical repricing of US interest rates
Financial markets and the Fed are searching for a convincing economic storyFinancial Times - World -
FA Cup replays backlash, Nagelsmann extends Germany deal: football news – live
News, Premier League previews and European reactionBarney Ronay: City fail to deliver as Madrid’s power tellsMeanwhile in the Championship, a host of former Premier League sides are nervously peering down rather than optimistically looking up. ...The Guardian - World -
Building society and Co-op Bank agree takeover terms
The two lenders agree terms on a takeover deal that could be worth up to £780m.BBC News - Top stories -
This unusual combination signals either booms, bubbles or inflections, says Bank of America
There’s an unusual combination in markets this year that has happened just five times in the last 60 years.MarketWatch - Business -
Banks Believe They Are Well-Prepared for Commercial Real Estate Fallout
Banks have built up substantial reserves against office loans going bad.The Wall Street Journal - World -
US sanctions two groups over fundraising for Israeli extremists in West Bank
The Biden administration announced Friday that it is imposing sanctions on two groups accused of fundraising for Israeli extremists in the West Bank and the leader of an organization that has assaulted Palestinians. According to the Treasury ...The Hill - Politics - Israel -
Big banks have been a bright spot in tough week for markets
Major banks sailed through commercial real-estate updates in earnings and tapped the corporate bond market — with regional banks now on deck.MarketWatch - Business -
U.S. sanctions 2 entities over fundraising for extremist West Bank settlers
The Treasury Department announced sanctions on two entities accused of fundraising for extremist West Bank settlers connected to violence against Palestinians.CBS News - Politics -
China Hits U.S. With Levy on Chemical as Trade Tensions Rise
China slapped a levy on imports from the U.S. of a widely used chemical, a small salvo in an escalating trade dispute between Washington and Beijing.The Wall Street Journal - World - China -
Abolishing IHT tax reliefs could raise £3bn, IFS finds
Eliminating Aim, business and pension scheme tax relief would make the scheme fairer, said the think-tankFinancial Times - World -
Procter & Gamble sales disappoint as price hikes slow down
The Tide owner's quarterly volume was flat for the second consecutive quarter.CNBC - Business -
Chelsea’s £76.5m hotel deals raise questions over PSR compliance
Club’s losses reduced by property deal with sister companyChelsea would have lost £166.4m without hotel salesPremier League clubs reacted with exasperation after seeing that Chelsea eased their financial position with the £76.5m sale of two ...The Guardian - World -
Shopify Just Revealed a New Points-System Approach to Pay Raises
Here's the secret: You're probably doing something similar.Inc. - Business -
Girl, 7, starts lemonade stand to raise money for mother's headstone
The first time Emouree went to the cemetery with her grandmother, she couldn't understand why everyone else got a giant granite headstone, but her mother just received a tiny metal one.CBS News - Top stories -
US interest rate setter says 'no hurry' to cut
A key member of the US central bank, Raphael Bostic, tells the BBC rates might only ease "at the end of 2024".BBC News - Top stories -
Tips for buying a home as mortgage rates climb
Mortgage rates soared to their highest level of the year this week, according to Mortgage News Daily. Holden Lewis, a home and mortgage reporter for NerdWallet, joins CBS News with tips on buying a home.CBS News - Top stories - Mortgage -
Long-haul carrier Emirates again halts local flight check-in as UAE recovers from record rains
Long-haul carrier Emirates says it is halting local check-in for passengers traveling on its flights as the wider United Arab Emirates tries to recover from record-setting rains this weekABC News - World -
IRS waives mandatory withdrawals from certain inherited individual retirement accounts — again
The IRS has again waived required minimum distributions for some inherited retirement accounts. Here's what heirs need to know for 2024.CNBC - Business -
Trump’s ‘DJT’ stock rises as CEO ‘tries to blame’ short sellers for weakness
Trump Media & Technology’s stock rallied Friday and was headed for a third straight gain after the parent company of Donald Trump’s social-media platform Truth Social asked regulators to look into potential illegal selling activity.MarketWatch - Business -
Rate-cut expectations give way to questions about a Fed hike — and how much higher interest rates should go
Portfolio managers, economists, and Federal Reserve policy makers are all asking the same question: Are U.S. interest rates, now at a 23-year-high of 5.25% to 5.5%, high enough?MarketWatch - Business - Federal Reserve -
European carbon trading catching less than quarter of airline emissions, data finds
With long-haul flights exempt from charges and carriers given free allowances, large share of flights not covered by systemFinancial Times - World -
European Union official von der Leyen visits the Finland-Russia border to assess security situation
Yahoo News - World - Russia -
European Union official von der Leyen visits the Finland-Russia border to assess security situation
The head of the European Union’s executive branch says that Finland’s decision to close its border crossings with Russia over a surge in migrants is a security matter for the whole 27-member bloc to considerABC News - World - Russia -
Children of reality TV's Chrisleys hope court hearing is step toward bringing convicted parents home
Reality TV stars Todd and Julie Chrisley have appealed aspects of their convictions on federal charges of bank fraud and tax evasionABC News - Entertainment -
Kenya’s ‘blood desert’: can walking donor banks and drones help more patients survive?
The national blood deficit is most pressing in places like Turkana, where malaria, anaemia and violence make heavy demands on transfusion services – and doctors are pinning their hopes on innovation. In his small cubicle in Lodwar County referral ...The Guardian - World -
A Century-Old Lending Lifeline for Troubled Banks Has a Major Flaw. The Fed Wants to Fix It.
Borrowing from the discount window carries a stigma officials hope to reduce.The Wall Street Journal - World -
Victimise people who raise a voice in Britain? Then destroy their families? Not in my name | George Monbiot
Marcus Decker dared to protest on climate and was punished. Now he could be deported. Is that a humane democracy?. When the traditional ruling class was obliged to concede to demands for democracy, it gave away as little as possible. We could ...The Guardian - World