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Friday 8 November 2024

GCC banks cut rates in sync with Fed

Banks across the GCC — including in Saudi Arabia, Qatar, Bahrain, and the UAE — have mirrored the US Federal Reserve's rate cut, with interest rate reductions aiming to bolster credit-driven growth in the Gulf.

GCC follows Fed rate cuts, reinforcing the Gulf's economic resilience. — FILE

Putin backs Trump presidency, open to U.S. reset

Russian president Vladimir Putin has lauded U.S. president-elect Donald Trump’s resilience during an assassination attempt, and signalled Moscow’s readiness for renewed U.S.-Russia dialogue, with cautious optimism on Ukraine.

Putin applauds Trump’s courage, hints at revived U.S.-Russia talks. — SPUTNIK

Thursday 7 November 2024

Wednesday 6 November 2024

Harris to concede at Howard, plans call to Trump

Kamala Harris plans to concede from Howard University and make a phone call to Donald Trump congratulating him, marking the end of a fierce campaign as Trump claims victory and cites a renewed mandate.

Harris to concede at Howard as Trump’s win reshapes US political landscape. — THE WHITE HOUSE

Does a Trump comeback mean a free Imran?

Trump’s return stirs hope for Imran Khan’s supporters, but entrenched political dynamics and Pakistan’s judiciary make intervention complex and unlikely.

Trump’s re-election fuels Khan supporters’ hope for freedom. — Michael Reynolds/Pool via Bloomberg

Where did it all go wrong for Kamala Harris?

Kamala Harris’s campaign unravelled as critical voter blocs drifted away, economic anxieties took centre stage, and strategic missteps left her struggling to connect with a divided electorate. Amidst disinformation and internal tensions, her historic bid faltered, revealing deep fractures within the Democratic base.

Harris faced an uphill battle as shifting loyalties and economic anxiety reshaped the race. — Kevin Dietsch/Getty Images

Tuesday 5 November 2024

Goldman Sachs sees fed rate cuts by 2025

Goldman Sachs predicts four Fed rate cuts by mid-2025, citing economic uncertainty and potential election impacts. Labour market weakness drives expectations for monetary easing.

Fed rate cuts likely amid economic and political uncertainty. — NURPHOTO VIA GETTY
Published by Thursday Media International thursday.media