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Premier: Certain Armenia product groups will be exported to EU under free trade regime
2+ hour, 57+ min ago (1135+ words) According to [European Commission] President von der Leyen's statements, this decision will apply to about 80 percent of potential exports from Armenia in general, 99 percent of agricultural products, 99 percent of agricultural products'fruits and vegetables, and about 90 percent of alcoholic and non-alcoholic…...
Bank of England's Catherine Mann signals potential activist rate hike if inflation doesn't cool
6+ min ago (498+ words) The hawkish MPC member voted to hold rates at 3. 75% in June but left the door wide open for a surprise tightening later this year. Catherine Mann, one of the Bank of England's most hawkish voices, has put markets on notice:…...
Malaysia to move away from collateral-based financing, says Liew
5+ hour, 11+ min ago (275+ words) KUALA LUMPUR: Malaysia needs to develop alternative financing models that rely less on physical collateral and better support technology-based businesses, says Deputy Finance Minister Datuk Seri Liew Chin Tong. He said discussions were ongoing with Syarikat Jaminan Pembiayaan Perniagaan (SJPP),…...
Local unemployment rate holds at 4. 9%
9+ min ago (141+ words) HARRISBURG "The unemployment rate for the Scranton/Wilkes-Barre metropolitan area remained at 4. 9% in May, according to data from the state Department of Labor and Industry. The local labor force increased by 700 from April to May and rose by 4, 100 from May…...
Hiring worse than expected in June amid elevated inflation
12+ min ago (497+ words) (NEW YORK) " Hiring slowed markedly in June, falling short of economists" expectations and displaying a wobbly labor market amid elevated inflation set off by the Iran war. The U. S. added 57, 000 jobs in June, according to the federal government"s monthly jobs…...
ECB plan may shave millions off banks" interest income
10+ hour, 27+ min ago (369+ words) Analysts at Citigroup said on Tuesday that Revolut, despite its 3. 4 million customers in the Republic, is unlikely to prise much of the "170 billion in household deposits away from mainstream banks, which have been earning healthy returns by parking much of…...
Bank of England's Mann says she is ready to raise rates if inflation outlook darkens
57+ min ago (35+ words) Trading View Bank of England's Mann says she is ready to raise rates if inflation outlook darkens More news from Reuters...
Stability can be catalyst for manufacturers, says MHA partner
1+ hour, 1+ min ago (369+ words) A partner at a Kendal-based accountancy firm has said that political and economic certainty could be the catalyst for sustainable long-term growth. Ginni Cooper, partner at MHA, said stability could be the "catalyst for sustainable long-term growth in the region's…...
Airlines no longer have to show these fees during your flight search
12+ min ago (422+ words) Airline fee transparency is flying back to the past. The Department of Transportation has officially rolled back a 2024 rule that required airlines and booking sites to display baggage and change fees right alongside your fare during the initial search. Here's…...
Peso, PSEi surge as Philippines reaches upper-middle-income status
1+ hour, 45+ min ago (269+ words) Philippine financial markets strengthened on Thursday, as investors took into account the country's upgrade to an upper-middle-income country, a goal that the country has aspired to meet even before the COVID-19 pandemic. The Philippine peso appreciated by 5. 6 centavos to close…...