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Palmyra arch to rise again in Trafalgar Square

  London / AFP A replica of one of the most iconic monuments destroyed by IS extremists in the ancient Syrian city of Palmyra was being unveiled in London’s Trafalgar Square on Tuesday. The six-metre-tall scale recreation of the Triumphal Arch is made of Egyptian marble and was carved in the northern Italian region of Tuscany using precision digital technology ...

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BOK holds rates, cuts GDP forecast

  Seoul / Reuters South Korea’s central bank kept interest rates untouched on Tuesday for a 10th straight month, and its governor stressed that the current rate level supports economic growth, although a lowered growth forecast for this year kept expectations of a rate cut alive. The Bank of Korea (BOK) committee held its base rate steady at 1.50 percent, ...

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Sweden’s currency plight fans more stimulus to come

  Bloomberg The strengthening krona may force Sweden’s central bank to add stimulus again as criticism mounts that its unprecedented policy moves are threatening stability in the largest Nordic economy. While all 20 analysts surveyed by Bloomberg predict that the main rate will be kept unchanged at a record low of minus 0.5 percent, the Riksbank may extend its government ...

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