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Warren calls on Fed to halt interest-rate hikes as inflation eases

BLOOMBERG  Senator Elizabeth Warren called on the Federal Reserve to halt interest-rate increases as the US inflation rate slid to a more than two-year low. “Take yes for an answer, Chair Powell, and let’s stop with the rate increases,” Warren, a Massachusetts Democrat, said in an interview. She has famously called Jerome Powell, the central bank’s chairman, a “dangerous man ...

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Hong Kong plans to raise bank deposit protection from 2025

BLOOMBERG  Hong Kong plans to raise the maximum protection on bank deposits in a move designed to better shield people during times of severe stress. The Hong Kong Monetary Authority (HKMA) proposed to increase the amount of savings covered by the government guarantee in the event of bank failure to HK$800,000 ($102,272) per depositor at each Hong Kong bank, up ...

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Dewa receives Net-Zero statement of verification

DUBAI / WAM Dubai Electricity and Water Authority (Dewa) has received the Net-Zero statement of verification and assurance certificate in recognition of its relentless efforts in climate action. This followed a comprehensive assessment conducted by W3 Solutionz – USA through CanaGulf International Standardisation, based on the International Workshop Agreement Guidelines IWA 42:2022. These were announced for the first time during ...

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