Australia

Fed's Kashkari says September rate cut debate is appropriate

Fed’s Kashkari says September rate cut debate is appropriate

Minneapolis Fed President Neel Kashkari said it was appropriate to discuss a possible US interest rate cut in September. due to the growing possibility of a weakening labor market, The Wall Street Journal reported Monday. “The balance of risks has changed, so the debate about a possible rate cut in September is appropriate”Kashkari told WSJ ...

Chile's gross domestic product rose 1.6% in the second quarter, the Central Bank said

Chile’s gross domestic product rose 1.6% in the second quarter, the Central Bank said

Chile’s Gross Domestic Product (GDP) grew 1.6% year-on-year in the second quarteraccording to data released Monday by the Central Bank. Meanwhile, Seasonally adjusted GDP fell by 0.6% in the quarter compared to the previous quarter. “From an expenditure perspective, gross domestic product (GDP) growth was supported by a higher level of exports. Domestic demand, on ...

Israel 'cautiously optimistic' over new US truce proposal

Israel ‘cautiously optimistic’ over new US truce proposal

Israel expressed cautious optimism about prospects for a ceasefire in Gaza after high-level talks with mediators on a new US proposalputting the onus on Hamas to withdraw its objections. A statement from Prime Minister Benjamin Netanyahu’s office said he spoke with his negotiators after his return from two days of meetings with senior Qatari and ...

New mpox strain offers Denmark another way to flex its pharmaceutical muscles

New mpox strain offers Denmark another way to flex its pharmaceutical muscles

After the World Health Organization warned this week that a rapidly spreading strain of mpox poses a global threat, Denmark once again holds a potential solution and has underlined its ability to eclipse traditional powers the United States and the United Kingdom. From diabetes treatments to depression, the Nordic nation of 6 million people has ...

Chile advances in the process of expiry of the concession of the Italian Enel unit

Chile advances in the process of expiry of the concession of the Italian Enel unit

The Chilean government announced on Friday that it will move forward with a process of expiry of the local unit’s electricity supply concessionof the Italian company Enel after failures to restore service. The process began after prolonged service outages following a storm with strong winds that affected the central part of the country at the ...

Disappointing eurozone productivity further complicates ECB's challenge

Disappointing eurozone productivity further complicates ECB’s challenge

Eurozone productivity barely improved in the second quarter and again did not meet the expectations of the European Central Bank, which is a major blow to its efforts to bring inflation back to 2%. Labour productivity per capita fell by 0.4%, according to new data published by the ECB. This follows a decline of 0.5% ...

Sweden reports first case of contagious monkeypox variant in Europe

Sweden reports first case of contagious monkeypox variant in Europe

The first case of monkeypox, or mpox lo, outside of Africa, with the more contagious variant, was reported by authorities on Thursday According to reports from the Swedish Public Health Agency, the first case of a new contagious variant of mpox (or monkeypox) has been reported outside the African continent. The person became infected during ...

ECLAC maintains Colombia's growth forecast at 1.3%; in 2025 it would be 2.6%

ECLAC maintains Colombia’s growth forecast at 1.3%; in 2025 it would be 2.6%

The Economic Commission for Latin America and the Caribbean reviewed the economic growth forecasts for the region for this year and 2025 and confirmed that, in the case of Colombia, GDP growth in 2024 will be 1.3%, while next year this figure will increase to 2.6%. In May, the Cepal had published its growth forecasts ...