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The European Central Bank is likely to increase its key interest rate, currently negative, to zero by September and could continue raising rates after that, president Christine Lagarde said, signaling the end of the ECB's eight-year experiment with negative rates amid record-high inflation and concerns about the weakness of the euro currency.
For years authorities on this small island in the English Channel have tried to clean up its image as a tax haven for the super rich, marketing it as a well-governed offshore financial center enshrined in the rule of law.
The top 50 richest people in the world have lost more than half a trillion dollars on paper this year, a stunning loss of wealth that exceeds the gross domestic product of Sweden and is greater than the market caps of all but six companies in the S&P 500.
Old Navy set out to make clothes shopping more inclusive for women of all body types. It ended up with too many extra-small and extra-large items and too few of the rest, a mismatch that frustrated customers and contributed to falling sales and a management shake-up.
Simply feeling relaxed on vacation doesn't cut it anymore for a growing number of travelers.