Washington: Kevin Warsh, nominated by US President Donald Trump to serve as the Federal Reserve’s next chair, said he was committed to preserving independence of monetary policy. The text of Warsh’s opening remarks for Tuesday’s hearing before the Sen…
Business
Canada Surveys Show Iran War Lifting Inflation Expectations, Curbing Spending Plans
Toronto: The war in Iran is driving up inflation expectations in Canada and prompting households to scale back spending, according to Bank of Canada survey data released Monday.
According to Anadolu Agency, the central bank reported that Canadian f…
European Stocks Tumble as Gulf Tanker Attacks Threaten US-Iran Ceasefire
Nabatieh: European stock markets closed lower on Monday as renewed attacks on commercial shipping in and around the Gulf of Oman fueled concerns that the fragile ceasefire between the US and Iran could collapse, reigniting fears over energy supplies a…
US to Host G20 Talks on Food, Fertilizer Amid Supply Concerns
Washington: The US has announced it will host further discussions under the G20 framework in the coming weeks, focusing on food and fertilizer supply issues. This decision follows recent talks in Washington addressing the economic impact of Middle Eas…