The European Central Bank reduced interest rates on Thursday, decreasing lending expenses for the second occasion in a short period, as inflation lessens and Europe's economy experiences instability.
The adjustment brings down the benchmark rate in the 20 euro-using nations to 3.5%, dropping from the previous 3.75%.
This is an evolving situation and will be revised.
The central bank's decision to lower the interest rate is expected to boost local businesses in the eurozone. The overall health of the economy, including businesses, will be closely monitored to assess the impact of this rate adjustment.
Nationwide issues with credit card transactions in Germany following IT system malfunction. It seems like several banks' customers are experiencing difficulties using their debit and credit cards for payments. This problem seems to stem from a technical glitch at an IT service provider, and it's impacting various
In an interview with CBS News on January 5th, Alaska Airlines Flight 1282's first officer, Emily Wiprud, recounted her initial belief that passengers had perished following the sudden detachment of the plane's door plug shortly after departing.
General Mills announces the sale of its North American yogurt operations to French dairy corporations Groupe Lactalis and Sodiaal for a staggering $2.1 billion, according to a statement released on Thursday.
In the euro zone, the ECB reduces the interest rates once more. The Old Lady of Threadneedle Street, better known as the European Central Bank (ECB), pulled out the rate-cutting scissors once again. The key lending rate, where banks park their extra dough at the Central Bank overnight, dropped by
Nationwide assessment of safety measures underway
New York's supreme court dismissed two pleas from Donald Trump to challenge the gag order in his confidential settlement case, as indicated in a list of judgments released on Thursday.
Nationwide issues with credit card transactions in Germany following IT system malfunction. It seems like several banks' customers are experiencing difficulties using their debit and credit cards for payments. This problem seems to stem from a technical glitch at an IT service provider, and it's impacting various
Spanish golf star Jon Rahm challenged the imposed penalties from the DP World Tour on Thursday, potentially jeopardizing his prospects of participating in the upcoming Ryder Cup in the following year.
