Economists polled by Reuters were widely expecting the central bank to hold its rates steady.
Erdogan’s new pick for Turkish finance minister has markets hoping for economic orthodoxy
Turkey’s monetary policy currently places an emphasis on the pursuit of growth and export competition rather than taming inflation.
UAE oil chief is ‘the perfect person’ to lead UN climate talks, COP28 director general says
Al-Jaber, who in January was selected to lead the COP28 summit, is also the head of ADNOC — one of the world’s largest oil and gas companies.
JPMorgan raises 2024 economic outlook for India, but remains cautious of global headwinds
JPMorgan marked up its 2024 growth forecast from 5% to 5.5%, citing a number of reasons to justify only a modest increase.
Brace for disruption — but A.I. won’t eliminate jobs completely, says Singapore’s deputy prime minister
Singapore’s deputy prime minister Lawrence Wong does not believe technology will eliminate jobs completely.
Don’t underestimate China’s ability to build its own advanced chips despite U.S. curbs, tech analysts say
Analysts are optimistic that Chinese chip makers will find workarounds despite Washington’s attempts to cut China off from advanced chip tech.
British PM Rishi Sunak says Ukraine’s rightful place is in NATO
U.K. Prime Minister Rishi Sunak said Thursday that Ukraine’s “rightful place” is within the NATO military alliance.
Japan’s yen is weakening again, prompting talk of another intervention worth billions of dollars
The Bank of Japan’s next monetary policy meeting is scheduled to be held on June 15 and 16.
Why wealthy Americans love UBS, the secretive Swiss banking giant
UBS’s wealth management division has attracted wealthy foreign clients, due in part to strong Swiss secrecy laws.
European startup funding to drop a further 39% this year as tech rout continues
Funding for Europe’s venture-backed startups is forecast to decline from $83 billion in 2022 to $51 billion in 2023, Atomico said.