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ECB set to cut rates again as inflation cools
ECB set to cut rates again as inflation cools
Economy
by  AFP

European Central Bank policymakers meet on Thursday with fading price pressures and weaker economic activity in the eurozone nudging them towards making another cut to interest rates. "The ECB is on a path to cut interest rates at each one of the next five policy meetings," including Thursday's gathering, HSBC bank analyst Chris Hare said.

Raytheon to pay $950 mn over fraud, bribery schemes: US
Raytheon to pay $950 mn over fraud, bribery schemes: US
Economy
by  AFP

Raytheon, a subsidiary of major American defense contractor RTX, will pay more than $950 million to resolve fraud and bribery charges, the US Justice Department announced Wednesday. Raytheon has "agreed to pay more than $124 million to resolve charges that it violated the Foreign Corrupt Practices Act," the SEC said. bur-elm-st/wd/des/md/des