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June 11, 2024

ECB’s Chief Dampens Expectations of Further Interest Rate Cuts

Brussels, The President of the European Central Bank (ECB), Christine Lagarde, has defended the bank’s recent interest rate cut and dampened expectations of further cuts.

The central bank still assumes that the inflation target of two per cent in the…

Japan Bankruptcies Climb to 12-Year High in May

Tokyo, A survey shows bankruptcies in Japan rose to the most in 12 years in May. The failures come as pandemic-related government support for struggling businesses nears its end.

Research firm Teikoku Databank says 1,016 companies started liquidation…