CAIRO (AA) – Egyptian Prime Minister Mostafa Madbouly has announced that his country has signed 35 agreements and memoranda of understanding worth €67.7 billion ($72.4 billion) with European companies and institutions. Madbouly was speaking at the conclusion of the Egyptian-European Investment Conference in Cairo. The conference, held Sa...
Sen. Bernie Sanders has praised the Consumer Financial Protection Bureau’s (CFPB) forthcoming rules to exclude medical debt from credit reports. He called the move “an important step in the right direction.” Sanders criticized the current system where families face evictions and wage garnishments due to medical debt, despite the health c...
Republicans are poised to repeat their 2017 tax bill if Donald Trump wins in November’s presidential election, according to The Washington Post. The plan includes not only extending Trump’s tax cuts but also further reducing corporate rates. The move could add $1 trillion to the national debt over a decade. Despite President Joe Biden&#...
Higher prices are still the top financial concern for most Americans despite the moderating pace of inflation. According to a survey by the Federal Reserve, 65% of adults said changes in the prices they paid compared with the prior year had made their financial situation worse. Nineteen percent said price changes made their financial situation...
The Supreme Court has ruled that the Consumer Financial Protection Bureau’s (CFPB) funding structure is constitutional, rejecting claims it violated the Appropriations Clause. Established after the 2008 financial crisis, the CFPB ensures fairness in consumer financial markets. The case challenged the CFPB’s unique funding mechanism...
Washington, United States – AFP The United States is hiking tariffs on $18 billion worth of Chinese imports, targeting strategic sectors like electric vehicles, batteries, steel and critical minerals, the White House said Tuesday. The decision — which drew a fiery response from Beijing — comes as President Joe Biden gears up ...
A judge appointed by Donald Trump has halted a Biden administration rule aimed at capping credit card fees, granting a win for big banks. The rule, which was set to save consumers more than $10 billion annually, faced opposition from the US Chamber of Commerce. The chamber filed an injunction in court. Judge Mark Pittman’s […]
Kuala Lumpur, Malaysia — AFP Microsoft has pledged a $2.2 billion investment in artificial intelligence and cloud computing in Malaysia to help develop the country’s AI infrastructure. The tech giant’s chief executive Satya Nadella is on a three-nation tour of Southeast Asia — Indonesia, Thailand and Malaysia — to...
Thiès, Senegal – AFP After cutting away the loose woollen threads from his loom, 28-year-old Senegalese weaver Seydina Oumar Cisse turns the roll to watch the tapestry gradually take shape before his eyes. Everything from the colours to the design is identical to the original work created by Senegalese artist Cheikh Diouf. “It̵...
Washington, United States – AFP Pakistan has initiated discussions with the IMF over a new multi-billion dollar loan agreement to support its economic reform program, its new finance minister has said. The South Asian nation is nearing the end of a nine-month, $3 billion loan program with the International Monetary Fund designed to tackl...
