CFPB Caps Overdraft Fees, Saving Consumers Billions
The CFPB's new rule limits overdraft fees for large banks, aiming to protect consumers and promote fairness. Expected to save $5 billion annually, it faces opposition from the banking industry.
Dec 27, 2024 2:56 PM EST
Bank of Japan Signals Imminent Rate Hike Amid Economic Stability
The Bank of Japan signals a potential rate hike, citing economic stability but monitoring uncertainties. Inflation and mixed economic data influence cautious decisions, with the next review set for January 2025.
South Korea's Political Crisis Deepens as Acting President Han Duck-soo Impeached
South Korea faces deepening political turmoil as Acting President Han Duck-soo is impeached. The crisis has triggered economic instability, protests, and concerns over delayed governance, with critical Constitutional Court rulings still pending.
World Bank Raises China's Growth Forecasts Amid Persistent Economic Challenges
The World Bank raised China's 2024 growth forecast to 4.9%, citing policy easing and exports. However, challenges like the property crisis and structural issues require urgent reforms for sustainable growth.
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WHO Chief Escapes Unharmed as Israeli Airstrikes Devastate Sana'a Airport
WHO Chief Tedros Ghebreyesus narrowly escaped Israeli airstrikes on Sana'a Airport, disrupting humanitarian efforts in Yemen. The strikes, targeting Houthi positions, escalated regional tensions and worsened Yemen's ongoing crisis.
Dec 27, 2024 1:45 AM EST
Trump's Tariff Plan Sparks Concerns Over Rising Affordable Car Prices
Trump's proposed 10% tariff on foreign imports raises concerns about higher prices for affordable cars, potentially burdening consumers and straining trade relations, while challenging the auto industry's global supply chain.
Dec 26, 2024 1:48 PM EST
Russia Launches Christmas Day Strike on Ukraine's Energy Grid
Russia's Christmas Day missile and drone attack targeted Ukraine's energy infrastructure, causing widespread outages. With over 70 missiles launched, Ukrainian defenses intercepted many, but critical damage highlights escalating humanitarian and regional concerns.
Dec 25, 2024 7:36 AM EST
Azerbaijan Airlines Plane Crash in Kazakhstan Claims Lives
An Azerbaijan Airlines plane crashed near Aktau, Kazakhstan, during foggy conditions, leaving 35 dead and 32 injured. Investigations focus on weather challenges and potential bird strikes as contributing factors.
Dec 25, 2024 7:20 AM EST
U.S. Launches Investigation into Chinese Semiconductors Amid National Security Concerns
The U.S. is investigating Chinese semiconductors for national security risks, potentially imposing tariffs or restrictions. The inquiry focuses on older chips, with implications for industries and ongoing U.S.-China trade tensions.
Dec 24, 2024 9:02 AM EST
UK Economy Faces Stagnation, Raising Alarm Bells for Policymakers
The UK economy stagnated in Q3 2024, with zero growth, high inflation, and reduced consumer spending. Policymakers face mounting pressure to implement measures addressing economic challenges and fostering long-term recovery.
Dec 24, 2024 9:02 AM EST
Donald Trump Jr. Joins Unusual Machines Advisory Board, Sparking Stock Surge
Donald Trump Jr. joins Unusual Machines' advisory board, boosting stock and advancing U.S. drone manufacturing to counter Chinese dominance.
Dec 24, 2024 9:01 AM EST
Honda and Nissan Explore Historic Business Integration to Create Third-Largest Global Automaker
Honda and Nissan are considering a business integration that could create the third-largest global automaker, generating annual revenues of 30 trillion yen. Mitsubishi is also involved in the discussions, focusing on electrification and vehicle intelligence.
Dec 24, 2024 9:00 AM EST
Putin Pledges Retaliation After Drone Attack Hits Russian City of Kazan
Russian President Vladimir Putin has vowed a strong response after a drone attack struck Kazan, a city deep within Russia, far from the Ukrainian border.
Dec 24, 2024 9:00 AM EST
Kremlin Denies Reports of Asma al-Assad Seeking Divorce and Return to London
The Kremlin denied reports that Asma al-Assad plans to divorce Bashar al-Assad and return to London, calling them baseless propaganda.
Dec 24, 2024 8:59 AM EST
IRS To Send Out Special 'Stimulus' Payments To 1 Million Taxpayers
Special payments — up to $1,400 per person — will be automatically deposited into taxpayers' bank accounts or mailed as paper checks, in the coming weeks.
Dec 23, 2024 7:29 AM EST
Trump Warns Europe: Buy More U.S. Oil and Gas or Face Tariffs
Trump warned the EU to buy more U.S. oil and gas to reduce trade deficits or face tariffs. The ultimatum raises trade tensions, impacting energy markets and transatlantic economic relations.
Dec 20, 2024 1:46 PM EST
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