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Global central banks unite in 'higher for longer' credo

Central banks for the world's biggest economies have served notice that they will keep interest rates as high as needed to tame inflation, even as two years of unprecedented global policy tightening reaches a peak. The so-called "higher for longer" mantra is now the official stance of the U.S. Federal Reserve, European Central Bank and the Bank of England, as well as being echoed by monetary policy-makers from Oslo to Taipei.
South Africa T Ai Pei United States City Of United Kingdom South African
Source: aol.com

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Exclusive-New rules would give Europe more scope for military spending post-Ukraine invasion

The European Union is close to agreeing provisions in revamped fiscal rules to enable extra military spending in the wake of Russia's invasion of Ukraine, officials close to the talks said. EU fiscal rules underpin the euro currency used in 20 nations by limiting government borrowing. The bloc's executive European Commission is supposed to start disciplinary steps against countries that exceed these limits.
Slovak Republic Bruxelles Capitale Jan Strupczewski Andrew Cawthorne Mark John European Union
Source: yahoo.com

Analysis-Climate change adds workplace costs and hazards

As Texas baked in this summer's record temperatures, local UPS driver Chris Begley started feeling unwell before collapsing at a customer's premises. "Chris Begley should still be alive to experience them," the Teamsters union said in a statement of provisions such as a promise to include air conditioning in new delivery vans from next year and to retrofit existing vehicles. "We train our people to recognize the symptoms of heat stress, and we respond immediately to an...
Chiang Mai France General United States Halshka Graczyk Owen Tudor Anastasia Christman
Source: yahoo.com

Italy offers digital euro expert Cipollone for ECB post

Piero Cipollone, Italy's choice for the European Central Bank's executive board, has a reputation for discreetly helping Rome's eurosceptic government rub along with EU institutions and brings skills in economics, particularly in digital money, tempered with pragmatism, people who have worked with him say. Cipollone, a three-decade veteran of the Bank of Italy, was the only candidate proposed to replace Fabio Panetta when nominations closed on Wednesday, the head of the Eurogroup...
World Bank District Of Columbia United States San Marino East Timor Fabio Panetta
Source: yahoo.com

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