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Fitch affirms Colombia’s BB+ rating with stable outlook

ISTANBUL: Fitch Ratings said Wednesday that it affirmed Colombia’s long-term foreign currency issuer default rating at BB+ with a stable outlook.

The agency said Colombia’s ratings reflect the country’s track record of macroeconomic and financial sta…

US Fed keeps rates unchanged at 5.25%-5.5%, highest in 23 years

ISTANBUL: The US Federal Reserve on Wednesday kept its federal funds rate unchanged in the 5.25%-5.5% target range, as widely expected, which is the highest level in 23 years.

In recent months, there has been “some further progress” toward the Federa…

Meta agrees to settle for $1.4B in bio­met­ric data lawsuit

ISTANBUL: US-based global tech firm Meta agreed to settle for $1.4 billion in an unauthorized cap­ture of per­son­al bio­met­ric data lawsuit, the attor­ney gen­er­al of the state of Texas announced Tuesday.

The company, which is the parent of Facebo…