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ECB expected to hold rates as Trump tariff uncertainty lingers
ECB expected to hold rates as Trump tariff uncertainty lingers
Economy
by  AFP

The European Central Bank is set to hold interest rates for the first time in almost a year when policymakers meet this week, despite concerns over the potential impact of higher US tariffs on the eurozone economy. The central bank has reduced its benchmark rate a total of eight times since June last year and at each of its last seven meetings, bringing it down to two percent.

Hong Kong leads stocks higher, yen gains as Ishiba vows to stay
Hong Kong leads stocks higher, yen gains as Ishiba vows to stay
Economy
by  AFP

Equities mostly rose Monday on optimism countries will reach US trade deals before an August 1 deadline, while the yen gained after Japanese Prime Minister Shigeru Ishiba said he would stay in office despite another election defeat. He said "the deadline of (US) tariffs is coming on August 1.

'Class war': outsiders moving to Puerto Rico trigger displacement
'Class war': outsiders moving to Puerto Rico trigger displacement
Economy
by  AFP

Gloria Cuevas thought she would live forever in her pink, century-old house on Puerto Rico's west coast -- but then her landlord decided to transform the home into an Airbnb. Cuevas's experience is becoming an all too familiar tale across the island, where signs promote mansions for sale, and the Airbnb logo is plastered on homes where locals once lived.