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IMF proposes US Treasury official as second-in-command
The IMF has proposed appointing the US Treasury Department's chief of staff as its new number-two official, the Washington-based lender said Thursday. Katz, who is chief of staff at the Treasury Department, was a senior official in the department during Trump's first term as well.
Costs of Russian, Chinese cyberattacks on German firms on rise: report
Cyberattacks and sabotage, mainly from Russia and China, have caused record damages for German firms this year, the domestic spy service and a business group warned Thursday. While last year 39 percent of firms said they had been targeted by Russia, this year that number rose to 46 percent, with the same number reporting an attack from China.
New Picasso portrait unveiled at Paris auction house
A previously unknown portrait by Pablo Picasso of one of his lovers was revealed on Thursday after being put up for sale at auction in Paris with a reserve price of eight million euros ($9.5 million). Other paintings of Dora Maar have sold for many times more than the reserve price of $9.5 million for "Bust of a Woman With a Flowery Hat".
Trump, Starmer sign tech deal to seal 'unbreakable bond'
Donald Trump hailed America's "unbreakable bond" with Britain Thursday as he and Prime Minister Keir Starmer signed a huge tech deal on the second day of the US president's pomp-filled state visit. Trump said the deal was "very big", and added of US relations with key NATO ally Britain that "it's an unbreakable bond we have regardless of what we're doing today."
Bank of England holds rate as inflation stays high
The Bank of England kept its key interest rate at four percent Thursday, as elevated UK inflation offsets the country's stagnant economic growth. Elsewhere Thursday, Norway's central bank reduced interest rates to four percent to avoid putting pressure on the country's economy.
Deliveroo CEO to step down following DoorDash takeover
Will Shu, founder of food delivery app Deliveroo, will step down as its chief executive once US rival DoorDash completes a takeover of the British group, a statement said Thursday. "Taking Deliveroo from being an idea to what it is today has been amazing," Shu said in the statement.
Germany's Continental launches IPO of car parts unit
Trading in Continental's struggling auto parts division got off to a slow start Thursday as it was listed on the Frankfurt stock exchange, the latest upheaval in Germany's car industry. Aumovio CEO Philipp von Hirschheydt hailed a "bold new chapter" as he rang the bell at the Frankfurt Stock Exchange to mark the start of trading.
Asian markets fluctuate after Fed cuts interest rates
Equities wavered in Asia on Thursday after the Federal Reserve lowered interest rates but left investors wondering how many more cuts were in the pipeline despite boss Jerome Powell warning about the struggling jobs market.
Judge weighs court's powers in Trump climate case
A federal judge overseeing a closely watched climate case on Wednesday pressed the lawyer representing young Americans suing President Donald Trump on whether courts have constitutional authority to rein in his fossil-fuel agenda.
AFP
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