European Parliament Passes Landmark Directive on Platform Workers' Rights
The European Parliament has approved the EU's inaugural directive aimed at regulating the employment rights of individuals working through online platforms
Fed Cuts Rate Again
World | January 31, 2008, Thursday // 00:00
- Tweet
Send to Kindle
The US Federal Reserve on Wednesday cut a key interest rate for the second time in just over a week, reducing the federal funds rate by a half point, CNN reported.
It signalled that further rate cuts were possible.
The Fed action Wednesday pushed the funds rate to 3%. It followed a three-fourths of a percentage point cut on January 22, a day after financial markets around the world had plummeted on fears that the US economy was heading into a recession.
That decrease had been the biggest one-day move in more than two decades.
The cut was expected to be quickly followed by cuts in banks' prime lending rate, the benchmark rate for millions of consumer and business loans.
It signalled that further rate cuts were possible.
The Fed action Wednesday pushed the funds rate to 3%. It followed a three-fourths of a percentage point cut on January 22, a day after financial markets around the world had plummeted on fears that the US economy was heading into a recession.
That decrease had been the biggest one-day move in more than two decades.
The cut was expected to be quickly followed by cuts in banks' prime lending rate, the benchmark rate for millions of consumer and business loans.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Moldova Imports US-sourced LNG, but No Words about Electricity
In recent years, Moldova has been faced with the challenge of reducing its dependency on Russian gas imports.
World | April 24, 2024, Wednesday // 13:06
German Investors Push for Euro Adoption in Hungary Amid Forint Instability
As the Hungarian forint experiences volatility, German investors are increasingly advocating for Hungary to adopt the euro, reaching the highest level of support in over a decade
FBI Director: TikTok Endangers USA’s National Security
In a statement underscoring growing concerns over national security, FBI Director Christopher Wray has declared that the popular social media app TikTok poses a significant risk to the United States
World | April 24, 2024, Wednesday // 11:57
Bulgaria: Second Lowest Debt Relative to GDP in the EU for 2023
Eurostat data indicates that Greece (161.9%), Italy (137.3%), France (110.6%), Spain (107.7%), and Belgium reported the highest public debt-to-GDP ratios among EU member states by the conclusion of 2023
US State Department Report: Discrimination Against Bulgarians in North Macedonia Exposed
A damning report from the US State Department has unveiled a troubling reality of systematic racial and ethnic violence and discrimination against Bulgarians in the Republic of North Macedonia
