Various host cities have spent money on "necessary" infrastructure for the Olympic Games, costing their countries billions. This summer, Paris is hosting the Summer Games for the third time. The organising committee insists everything is under control - is it?
Host cities worldwide have trusted the budget set aside by the International Olympic Committee (IOC)…
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The Bank of England cut interest rates by 0.25% to 5% with a narrow 5-4 vote, as inflation met the 2% target. This decision caused the British pound to weaken and led to a slight rebound in UK equities.
The Bank of England cut interest rates at its August meeting for the first time since…
Questions are being asked, such as whether visitors were warned to avoid the city during the Olympics, or whether the skyrocketing accommodation prices and events have discouraged every day tourists.
It may be that Paris is proving to be the exception that proves the rule when it comes to the common misconception that host cities…
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This week will bring earnings from Microsoft, Apple, Amazon, and Meta, in what could be the biggest week of this earnings season.
Big moves in their stocks would affect major indexes, and markets may be on edge after earnings reports from Tesla and Alphabet last week sent tech stocks spiraling.
Any weakness in…
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The Federal Reserve is widely expected to maintain its influential interest rate at its current 23-year-high level when officials make policy decisions on Wednesday.
Inflation moderated in the second quarter and the job market has continued softening, factors that will likely encourage the Fed to cut interest rates in the coming months.
Market…
Major global stock markets head for a negative close for the week as blue chips fell amid sector rotations, while the semiconductor stocks were hit by expectations of the US renewed chip export curbs on China.
Stock markets across the globe are likely to end the week in the red due to a sharp retreat…