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Featured

Belgium Signs Contract for 20 Rheinmetall Skyranger Air Defence Systems

The German defence manufacturer Rheinmetall has signed a contract to supply 20 Skyranger 30 air defence systems to Belgium, with initial deliveries scheduled for late 2028. The agreement supports the Belgian Armed Forces' 'Blue Dome' initiative to protect critical national infrastructure from aerial threats.

RBI Data Reveals Divergence in Credit Card Spending and Debit Card Cash Withdrawals

The Reserve Bank of India’s latest data reveals a distinct divergence in payment behaviors: while credit card spending is increasingly shifting toward online channels, debit cards remain predominantly used for cash withdrawals. In September 2026, India held over 125 million credit cards and more than 1 billion debit cards, yet the utility of these instruments differed significantly across digital and physical transaction types.

Last news

Biden defends his handling of spiraling US baby formula crisis

US President Joe Biden defended his handling of a spiraling baby formula supply crisis Wednesday, insisting at a meeting with infant food executives that the White House is doing all it can.

Global stocks mostly fall on inflation worries as dollar gains

European and US stocks slipped on Wednesday, while the dollar rallied as traders digested data indicating that inflation shows no sign of easing.

Unprecedented water curbs kick in for drought-hit Los Angeles

Unprecedented restrictions on water usage went into effect Wednesday in the Los Angeles area, which like most of California is in the grip of severe drought for the third consecutive year.

Sheryl Sandberg, key executive at Facebook's Meta, to step down

Meta's second most powerful executive Sheryl Sandberg made the shock announcement Wednesday she will leave after a 14-year tenure that included helping steer scandal-prone Facebook to advertising dominance.

Biden takes aim at inflation but short on weapons

US President Joe Biden has launched a battle against soaring prices as he tries to claw back waning public support ahead of key congressional elections, but is finding he has few tools to defuse sky-high inflation.

Biden meets CEOs on US baby formula crisis

US President Joe Biden on Wednesday held a baby formula summit at the White House with advisors and executives from five manufacturers to discuss ways to end a nationwide shortage of the staple infant food.

US firms fret about high prices, wages but see signs of easing: Fed

Solid growth continued across the United States, even as firms faced an ongoing struggle with a worker shortage and rising prices, although there were some tentative signs the tide may be turning, the Federal Reserve said Wednesday.

Canadian 'Instapoet' Rupi Kaur tackles censors -- on and offline

From a run-in with Instagram over a picture of menstrual blood, to a push to ban her books from American schools -- Canadian poet Rupi Kaur has knocked heads with would-be censors since bursting onto the global literary scene.

Racists trolls are not real 'Star Wars' fans: Ewan McGregor

Ewan McGregor hit back Wednesday at people targeting fellow "Star Wars" actor Moses Ingram with racist abuse, saying they are not true fans.

EU says Croatia ready to adopt euro in 2023

The European Commission said Wednesday that Croatia had met all the criteria to join the eurozone, paving the way for the country to become the single currency's 20th member on January 1.

Russia seeks to 'minimise' effects of EU oil ban, gas exports down

Russia said Wednesday it was moving to limit the damage from an EU oil ban as its other key energy export, gas, has fallen after President Vladimir Putin sent troops to Ukraine.

Women's matches less appealing than men's at French Open, says Mauresmo

French Open tournament director Amelie Mauresmo said Wednesday that women's matches had less appeal than men's at Roland Garros, an opinion dismissed as "surprising and disappointing" by world number one Iga Swiatek.

Jubilee boost then brake predicted for UK economy

Queen Elizabeth II's Platinum Jubilee should provide a boost to Britain's beleaguered retail and tourism sectors, but could also then slow the stuttering economy, analysts said on Wednesday.

Women's matches less appealing at French Open, says Mauresmo

Former world number one and two-time Grand Slam title winner Amelie Mauresmo said Wednesday that women's matches had less appeal at the French Open when it came to controversial night session scheduling.

US, Taiwan launch trade talks in challenge to China

The United States and Taiwan launched talks on Wednesday aimed at deepening their trade ties, in a clear challenge to Beijing.

Markets waver on inflation worry; oil rebounds from losses

Asian and European stock markets wavered on Wednesday, as traders digested Wall Street losses and data showing that runaway inflation shows no sign of easing.

Danes begin voting on joining EU's common defence policy

Traditionally eurosceptic Denmark began voting Wednesday in a referendum on whether to overturn its opt-out on the EU's common defence policy after Russia's invasion of Ukraine.

US investment fund RedBird to buy Serie A champions AC Milan

AC Milan said Wednesday that its current owners, investment fund Elliott Management, have agreed to sell the newly-crowned Italian A champions to rival fund RedBird for 1.2 billion euros ($1.3 billion).

Asian markets mixed on inflation worry, oil bounces after drop

Asian markets fluctuated Wednesday following losses on Wall Street and data reminding traders that inflation shows no sign of easing.

Singaporeans in a flap at Malaysian chicken export curbs

Long queues at stalls selling a popular chicken dish, increasing prices and warnings about supply disruptions -- Singaporeans are in a flap due to curbs on poultry exports from neighbouring Malaysia.

Asian markets mixed on inflation worry, oil edges up after drop

Asian markets fluctuated Wednesday following losses on Wall Street and data reminding traders that inflation shows no sign of easing.

Morocco economic rebound threatened by drought, Ukraine war

A withering drought and poor harvests plus price hikes fuelled by the war in Ukraine are threatening Morocco's fragile economic recovery and exposing structural weaknesses, experts say.

Venezuela's stuffed toy 'hospital' brings joy to kids

Judith, a 90-year-old great-grandmother in Venezuela, examines a stuffed animal meticulously in her hands before finding a hole.

Texas law against blocking online posts on hold for now

The US Supreme Court on Tuesday put back on hold a controversial Texas law barring social media platforms from "censoring" posts based on viewpoints.

Workers recall rape, beatings at VW Brazil unit: prosecutor

Victims forced to work in slave-like conditions at a Brazilian property owned by Volkswagen during the country's dictatorship recount "grave and systematic" abuses, including rapes, beatings and being tied to trees, a prosecutor said Tuesday.

Global chip shortage likely to last through 2023: US official

The global shortage of critical semiconductors is likely to last at least through next year and perhaps longer, US Commerce Secretary Gina Raimondo warned on Tuesday.

Spain partially reopens enclaves to Moroccan workers

Spain opened the borders of its North African enclaves Ceuta and Melilla to Moroccan workers on Tuesday, two years after their closure and following the resolution of a drawn-out diplomatic crisis.

US consumer confidence deteriorated in May: survey

Americans' feelings about the economy deteriorated in May amid concerns about job prospects, but remained relatively strong even as high inflation bites, according to a survey released Tuesday.

Biden, Fed chair discuss US inflation at White House

President Joe Biden on Tuesday holds a rare White House meeting with the head of the Federal Reserve, Jerome Powell, to discuss soaring inflation and White House attempts to tame the politically damaging price surge ahead of midterm elections.

India growth slows on inflation, higher oil prices

India's growth slowed further in the first three months of 2022, the National Statistics Office said Tuesday, with inflation and higher oil prices denting a post-pandemic recovery.

Eurozone stocks sink as inflation accelerates to record high

Eurozone equity markets sank Tuesday on news that the region's inflation rate has spiked to another record high in May on fallout from Russia's invasion of Ukraine.

Eurozone inflation soars to new record over Ukraine war

Eurozone inflation accelerated to another record high in May, data showed Tuesday, as the war in Ukraine stoked energy and food prices and threatened to flatline the economy.

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American Marconi Wireless News - Economy (English)