Washington: The International Monetary Fund (IMF) announced that a sustained rise in energy prices, resulting from the ongoing conflict in the Middle East, may drive global inflation higher and affect economic output. This warning came during a media …
Stockholm: Scandinavian Airlines (AAS) is set to cancel at least 1,000 flights in April as soaring jet fuel prices, exacerbated by the conflict in Iran, continue to pressure operating costs. CEO Anko van der Werff disclosed this development to Swedish…
Washington: A top official at the Federal Reserve has signaled that the US central bank is preparing changes to banks’ capital requirements. Speaking at a Thursday policy forum hosted by the Cato Institute, US Federal Reserve Vice Chair for Supervisio…