Author: News Room

By Jan Strupczewski BRUSSELS (Reuters) – European Union leaders will back on Friday a slightly tighter fiscal policy for the euro zone next year, to help bring down inflation and make public finance more stable after the excess spending of the COVID pandemic and the energy price crisis. The endorsement comes after finance ministers of the 20 countries using the euro agreed on March 11 on fiscal policy guidelines for 2025 to take into account new fiscal rules that give more time to cut debt while maintaining investment. “The European Council endorses … the …recommendation on the economic policy of…

Investing.com– Gold prices fell in Asian trade on Friday, retreating further from record highs hit this week as a sharp uptick in the dollar, following a surprise interest rate cut by the Swiss National Bank, pressured metal markets.  The yellow metal had surged to record highs above $2,200 an ounce after the Federal Reserve maintained its outlook for at least three interest rate cuts in 2024. But the yellow metal spent little time at these highs, as the dollar rebounded sharply on dovish signals from other major central banks. fell 0.4% to $2,173.62 an ounce, while expiring in April fell…

Indian Rupee loses traction on Friday due to the softer USD, and lower US bond yields.  The positive outlook in the Indian economy might boost the INR and cap the pair’s upside.  Investors await Fed Chair Jerome Powell’s speech on Friday for fresh impetus.  Indian Rupee (INR) weakens on Friday amid the rise of the US dollar (USD) and higher US Treasury bond yields. According to the HSBC Flash India PMI, India’s business activity ended the fiscal year on a good note, expanding at its fastest pace in eight months in March. This improvement in data suggests India is likely…

Bitcoin price failed to recover above the $68,000 resistance zone. BTC is sliding and might decline again toward the $62,000 support zone. Bitcoin price started a decent increase but struggled near the $68,000 zone. The price is trading below $66,000 and the 100 hourly Simple moving average. There is a short-term declining channel or a bullish flag forming with resistance at $66,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $66,200 resistance zone to start a fresh increase. Bitcoin Price Faces Hurdles Bitcoin price attempted a decent recovery wave above the…

Donald Trump’s three-day deadline to find nearly half a billion dollars or risk seeing his cherished property empire dismantled building by building is creating one of the most extraordinary twists ever seen in a US presidential election campaign. Trump’s new drama concerns his struggle to come up with a bond to cover $464 million plus interest charges so that he can appeal a civil fraud trial judgment against him, his adult sons and his company. If he can’t somehow find the money by Monday, New York Attorney General Letitia James may begin seizing some of Trump’s assets to finance his…

While Ghostbusters: Frozen Empire brings back several stars from the original Ghostbusters movies and the 2021 reboot Ghostbusters: Afterlife, the latest installment also introduces a new cast member who plays a pivotal role as a ghost named Melody. New in theaters, Ghostbusters: Frozen Empire features a new squad of Ghostbusters in New York City, consisting of Gary Grooberson (Paul Rudd), the late Egon Spengler’s daughter, Callie (Carrie Coon), and her children Phoebe (Mckenna Grace) and Trevor (Finn Wolfhard). After wreaking havoc in the city while chasing down a destructive spirit, NYC Mayor Walter Peck (William Atherton from the original Ghostbusters),…

United Airlines now allows frequent flyers to pool miles in a joint account.Miles pooled into the joint account can’t be transferred back to individual accounts.JetBlue and Frontier previously launched similar miles-pooling programs. United Airlines now allows frequent flyers to pool miles with four other people in a joint account, the airline said in a press release on Thursday.United said in the press release that MileagePlus members can start combining their miles into a joint account so long as each person is a member of the loyalty program — but there is a catch. Luc Bondar, the COO of United’s MileagePlus…

Three veterans from a World War II unit specializing in deception were honored by Congress.They’re part of the seven surviving members of the “Ghost Army” unit.They used inflatable tanks, radio signals, and costumes to impersonate fighting forces. Veterans of a top-secret World War II unit that used inflatables and fake soundtracks to feed phony intelligence to Nazi Germany were given the congressional Gold Medal on Thursday.The work of the “Ghost Army” unit, comprising the 23rd Headquarters Special Troops and 3133rd Signal Service Company, is believed to have saved the lives of up to 30,000 men as the Allies pushed deeper into…

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By Daniel Leussink and Tom Bateman TOKYO (Reuters) – In the coming years, Satoaki Kanoh needs to replace almost a dozen ageing machines at his Tokyo-based maker of acrylic panels, a major undertaking that he worries will become even more expensive. “Ideally, I’d like to do one a year. But I don’t have that much money,” Kanoh said of the customised pieces of machinery that cost around 50 million yen ($330,000) apiece. “If we have to pay a lot to borrow, we could end up in a really tough spot.” Japan’s central bank this week raised interest rates for the…