In a recent decision, the Bank of England chose to maintain interest rates at 5.25%, showing hints of potential cuts in the future due to decreasing inflation rates. The Monetary Policy Committee voted 8-1 to keep rates stable, with one member advocating for a 25 basis point reduction to 5%. This decision is a divergence
World
Singapore has been named the happiest country in Asia for the second consecutive year, as per the 2024 World Happiness Report released recently. This report, which ranks countries based on the subjective quality of life ratings given by individuals, is a collaborative effort of leading researchers and well-being scientists around the world. The ranking is
Japan’s central bank recently made a significant move by raising interest rates for the first time since 2007. This decision marked the end of the world’s only negative rates regime, signaling a shift in the country’s economic policies. The Bank of Japan’s move came in response to early signs of robust wage gains in the
China recently released economic data for the first two months of the year that exceeded analysts’ expectations. Retail sales, industrial production, and fixed asset investment all showed growth that outperformed forecasts. This positive economic data is a promising sign for the country’s recovery. Retail sales in China rose by 5.5%, surpassing the 5.2% increase that
In a country where youth unemployment rates are soaring and traditional job-hunting methods seem ineffective, young people in China are turning to unconventional platforms like Tinder in search of career opportunities. Facing fierce competition and a scarcity of job opportunities, job seekers like Jade Liang are resorting to creative approaches to connect with professionals in
North Korean leader Kim Jong Un recently made headlines for using a Russian luxury limousine gifted to him by President Vladimir Putin. Kim’s sister, Kim Yo Jong, publicly praised the special features of the car and emphasized the growing friendship between North Korea and Russia. The high-end Aurus Senat limousine, presented to Kim by Putin
Recently, electric vehicle maker Tesla settled a racist discrimination lawsuit with Owen Diaz, a Black man who worked as an elevator operator at its Fremont, California factory in 2015. The federal jury had previously awarded Diaz $3.2 million in damages. Diaz was represented by Attorney Lawrence Organ from the California Civil Rights Law Group, who
Meal delivery giant Deliveroo recently reported a staggering loss of £31.8 million in its full-year results, a slight improvement from the previous year’s eye-watering £294.1 million loss. However, this dismal financial performance seems to be taking a turn for the better, with adjusted earnings reaching £85.4 million, exceeding the company’s expectations. This positive trend represents
In most economies, inflation is beginning to loosen its grip, prompting investors to closely monitor interest rate decisions. The Economist Intelligence Unit recently reported that while rates are expected to remain elevated in 2024, there is a forecast for a mild rollback in the latter part of the year. Central banks in several countries had
The recent crisis involving Boeing’s Max airplanes has prompted some of the aircraft manufacturer’s biggest customers to reassess their growth plans for the foreseeable future. Southwest Airlines, known for operating a fleet of Boeing 737s, has adjusted its 2024 capacity forecast due to a decrease in expected Boeing deliveries. The airline initially anticipated receiving 79