There is ample evidence that a steep climb in interest rates has dampened demand and economic activity, suggesting the US central bank can further slow its rate hikes, Federal Reserve Governor Christopher Waller said Friday.
An air of optimism for the global economy blew through Davos this week after fears that the war in Ukraine, an energy crisis and soaring inflation could trigger a global recession.
The World Economic Forum in Davos wrapped up Friday after a week that featured feverish discussion of the war in Ukraine, rifts over global trade and Greta Thunberg crashing the party of the global elite.
- French-Irish citizen held in Iran suspends hunger strike: sister
- German tank slow-pedalling may hit Kyiv's fightback: analysts
Politics
The International Committee of the Red Cross urgently needs more access to prisoners of war on both sides in the Ukraine conflict, the organisation said Friday after its president visited Moscow.
January 20, 2023
RECENT NEWS
After Davos, a race for money to stop climate change
Technology
January 20, 2023
Sales of existing homes in the United States have fallen for the 11th straight month, as a rough period of limited inventory and high mortgage rates persists, according to industry data released Friday.
January 20, 2023
RECENT NEWS
Sixth seed Maria Sakkari became the latest major casualty at the Australian Open on Friday when she was shocked 7-6 (7/3), 1-6, 6-4 by an emotional world number 87 Zhu Lin of China.
January 20, 2023
Germany's Leopard, the powerful tank sought by Kyiv to push forward against Moscow, could have a "significant" impact in the conflict.
January 20, 2023
Graham Potter says Chelsea's new £88 million ($108 million) winger Mykhailo Mudryk is set to make his debut in Saturday's clash with Liverpool.
January 20, 2023
Culture
Google's parent company Alphabet announced Friday it will cut about 12,000 jobs globally, citing a changing economic reality as it became the latest US tech giant to enact large-scale restructuring.
January 20, 2023
RECENT NEWS
Stock markets rebounded Friday after a rocky week dominated by uncertainty over whether the global economy will suffer recession this year as inflation remains stubbornly high.
Germany on Friday said no decision has been made yet on tanks sought by Kyiv at a crucial US-led meeting on boosting military aid to Ukraine, despite an emotional plea from President Volodymyr Zelensky.
World champion Vincent Kriechmayr kicked off a weekend of high-octane World Cup action in Kitzbuehel with a victory on home snow in the opening men's downhill on Friday.
Nottingham Forest signed New Zealand striker Chris Wood on loan from Newcastle on Friday as the club maintained their recruitment drive, in place since their promotion to the Premier League last season.
January 20, 2023
Sports
Sebastian Korda stunned two-time losing finalist Daniil Medvedev at the Australian Open on Friday as he stepped up his bid to win the same tournament his father Petr did 25 years ago.
January 20, 2023
RECENT NEWS
Western countries are stepping up their weapons deliveries to Ukraine despite hesitations in Germany about supplying heavy tanks, underlining their growing confidence in Kyiv's chances of victory.
Daniil Medvedev on Friday became the latest title contender to crash out of the men's draw at the Australian Open, but Iga Swiatek led a charge of the women's seeds into the last 16.
President Emmanuel Macron on Friday announced plans to increase France's defence budget by a third for the next seven years, after Russia's invasion of Ukraine last year rattled Europe.
Taken aback by the size of mass protests against its pension reform, the French government on Friday signalled readiness for compromise on the unpopular plan but vowed that its core measures would remain intact.
January 20, 2023
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- Medvedev knocked out of Australian Open by 'thrilled' Korda
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- Austria's Kriechmayr wins first Kitzbuehel downhill
- Guardiola says City must dig deep to catch hungry Arsenal