The US Federal Reserve on Wednesday raised its interest rates by 25 basis points to a range of 5.25-5.50 per cent, the highest in 22 years. Across the Atlantic, the European Central Bank, which regulates the euro zone, also raised its rates by 25 basis points to 3.

Decoded: Why central banks hike interest rates to tame inflation 

The US Department of Energy (DOE) has made a groundbreaking announcement, envisioning the transformation of once-secret lands into clean energy powerhouses. These sites, which were previously utilised for developing atomic bombs, are now poised to play a vital role in fostering clean energy initiatives across the United States.

US to transform Cold War sites into largest solar power project

In a significant ruling, a US court has prohibited Johnson & Johnson from using the bankruptcy of one of its subsidiaries as a means to coerce thousands of cancer patients into dropping their cases and accepting a settlement offer.

US court rejects J&J's bankruptcy strategy for lawsuit settlements

The European Central Bank (ECB) on Thursday increased its interest rate by 0.25 percentage point, bringing it to 3.75 percent. This is the highest interest rate level since 2000-01.

ECB hikes interest rate by 0.25 percentage points as inflation spooks Eurozone

In a big boost to India's global ambitions, India's economy will soon be among the world's top three, a projection by the State Bank of India (SBI) research department has said.

India set to be the third-largest global economy by FY28: SBI Ecowrap

In a much-needed boost to its economy, cash-strapped Pakistan has secured crucial aid from its steadfast ally, China. On Thursday, Pakistan's finance minister, Ishaq Dar, announced that Beijing has agreed to roll over a significant $2.

China rolls over $2.4 billion loan for 2 years: Pakistan finance minister

The U.S. Federal Reserve on Wednesday raised the interest rate by 0.25 percentage points to 5.5 percent. This is the highest interest level seen in the last 22 years.

Federal Reserve raises rates, Powell hints at another hike in September

In a move aimed at streamlining its operations and adapting to changing market dynamics, Anheuser-Busch, the world's largest brewer, revealed its decision to lay off positions across its U.

Brews & Blues: Anheuser-Busch Restructures with Layoffs

Stellantis, the world's third-largest carmaker by sales, had an impressive performance in the first half of 2023, with a remarkable 12 percent year-on-year surge in net revenues and an astounding 37 percent spike in net profit.

Stellantis surpasses forecasts, achieves remarkable 37% spike in net profit

A day after Alphabet's Google reported better than expected results, Meta's second-quarter results on Wednesday surpassed market expectations by achieving an earnings per share of $2.

Meta's Q2 results exceed expectations with 11% revenue growth

Europe's leading banks, including Deutsche Bank and Lloyds Banking Group, have raised concerns over the escalating threat of bad loans amidst the current global economic challenges marked by sluggish growth and surging inflation.

Bad loans: Europe's banking sector's new arch-nemesis?

Alphabet, the parent company of Google, has experienced a remarkable surge in profits in its second quarter (April to June), The company reported a net profit of $1.

Alphabet's Q2 earnings exceed expectations, Microsoft stocks dip

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Zee News Rajasthan

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Aprameya Rao

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