Latest

US Fed will likely cut again despite economic murkiness from shutdown
US Fed will likely cut again despite economic murkiness from shutdown
Economy
by  AFP

The Federal Reserve is expected to announce its second rate cut of the year on Wednesday, despite a lack of clarity over the health of the US economy due to the ongoing government shutdown. Swonk expects the Fed to cut twice more this year, and to announce an end to its program of shrinking its balance sheet next week -- known as quantitative tightening -- in the face of rising liquidity risks.

Global race for rare earths comes to Kenya's Mrima Hill
Global race for rare earths comes to Kenya's Mrima Hill
Economy
by  AFP

Division and suspicion have gripped five villages near Kenya's coast as global powers from the United States to China eye a forest that is rich in rare earths -- minerals vital to high-tech and low-carbon industries. But it now sees a major opportunity, particularly as China -- the biggest source of rare earths -- increasingly limits its exports.