Russia’s central bank raises interest rates amid inflation fears
29Oct Avatar photoBy Peter JonesNo Comments
Business

Russia’s central bank raises interest rates amid inflation fears

More news - Breaking news On June 9, 2024, Russia's central bank raised its key interest rate by 200 basis points to 21% in response to sharp increases in consumer prices and ongoing inflation risks. This decision follows a previous rate hike in September, which brought the rate to 19%. The move exceeded analysts' expectations of a 100 basis point increase, marking the highest rate since early 2003. The last comparable rate was in February 2022, soon after Russia's invasion of Ukraine , when the rate was increased to stabilize the markets. Central Bank Governor Elvira Nabiullina acknowledged the possibility of further rate hikes, discussing a potential rate above 21% at the next meeting in December. This reflects concerns about rising inflation, which averaged 9.8% in Septem...
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The unique position of the Army-Navy game
29Oct Avatar photoBy Peter JonesNo Comments
Sports

The unique position of the Army-Navy game

More news - News 24 hours The Army-Navy game is a unique fixture in college football, celebrated for its history and intense rivalry. It's the only game scheduled for the Saturday after the conference championship weekend in December. Traditionally, this meeting did not affect the ranking or prospects of the national championship. This year presents a different scenario. Both service academies are undefeated and ranked, making them strong contenders for the 12-team College Football Playoff if they can secure the American Athletic Conference (AAC) title. Army, ranked No. 1, boasts a 7-0 record, while Navy, ranked No. 24, holds a 6-0 record. However, the playoff lineup will be finalized on Dec. 8, a week before the Army-Navy game in Landover, Maryland. As members of the AAC, t...
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Amazon ventures into live news broadcasting with Brian Williams
29Oct Avatar photoBy Peter JonesNo Comments
Technology

Amazon ventures into live news broadcasting with Brian Williams

Related media - Breaking news In an exciting development in the media landscape, Amazon has announced its entry into the realm of live news coverage. This initiative will be led by none other than Brian Williams, a seasoned journalist renowned for his vast experience in the broadcasting industry. Amazon's foray into this segment will begin with comprehensive live coverage of the upcoming Election Day, marking a significant milestone for the tech giant's streaming service, Amazon Video. Scheduled for November 5, the program titled “Election Night Live With Brian Williams” will begin broadcasting at 5pm Eastern Time from a state-of-the-art studio in Los Angeles. While the time of the show's conclusion remains unspecified, it promises to provide in-depth analysis and time...
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The UN warns of a serious shortage of therapeutic food threatening African children
28Oct Avatar photoBy Peter JonesNo Comments
Health

The UN warns of a serious shortage of therapeutic food threatening African children

More news - News 24 hours The United Nations Children's Fund (UNICEF) has issued an urgent warning about the critical shortage of ready-to-use therapeutic foods (RUTF), a life-saving, nutrient-rich food essential for treating malnourished children in Africa. This shortage poses a serious risk of hunger for nearly two million children across the continent. Recently, UNICEF announced that four African countries, including Mali, Nigeria, Niger and Chad, have either completely exhausted their supplies of RUTF or are on the verge of doing so. Furthermore, there is a looming risk that eight other countries, such as South Sudan, the Democratic Republic of Congo and Uganda, will face similar shortages by mid-2025 if immediate action is not taken. RUTF is a peanut-based paste that re...
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Biden visits Berlin to support Ukraine in difficult times
28Oct Avatar photoBy Peter JonesNo Comments
World

Biden visits Berlin to support Ukraine in difficult times

More news - Latest news In a significant diplomatic move, President Joe Biden traveled to Berlin, positioning himself closer to Ukraine as the nation prepares for what he described as "a very difficult winter." This visit highlights the United States' continued commitment to supporting Ukraine in its current challenges. During his visit, President Biden engaged in extensive discussions with European leaders, focusing on coordinated efforts to provide Ukraine with the necessary support. This collaboration highlights the broader international strategy to ensure that Ukraine can withstand the pressures it faces from ongoing conflicts and economic hardship. President Biden's presence in Berlin is not just a gesture of solidarity but part of a series of planned commitments aimed at stren...
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Germany’s auto powerhouses face challenges to maintain their market relevance
28Oct Avatar photoBy Peter JonesNo Comments
News

Germany’s auto powerhouses face challenges to maintain their market relevance

More news - Latest news As the global automotive industry continues to evolve at a rapid pace, renowned German automakers are finding it increasingly difficult to keep up with changing market dynamics and consumer preferences. This fight for relevance is marked by the industry's urgent shift towards sustainability, digital innovation and new mobility solutions. Historically, German automakers such as Volkswagen, BMW and Mercedes-Benz have set the gold standard for quality, performance and engineering excellence. However, the rise of electric vehicles (EVs), autonomous driving technologies and stringent environmental regulations are reshaping the competitive landscape. These companies now face the monumental task of transitioning from traditional internal combustion engines to more su...
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