BUSINESS

Russia has struggled to control inflation amid its almost three-year offensive in Ukraine

Russia Central Bank Holds Off Rate Hike After Criticism

Russia's central bank kept interest rates at 21 percent on Friday despite surging inflation, a surprise decision that follows criticism from the country's political and business elite over the effects of higher borrowing costs on the economy.

Credit Suisse Collapse Probe Slams Banking Regulator

The mega-merger of Switzerland's two biggest banks was a complex operation
Switzerland's financial regulator was ineffective in tackling the scandals at Credit Suisse, where executive mismanagement scuppered the bank and nearly triggered a global financial crisis, a Swiss inquiry concluded Friday.
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US Secretary of State Antony Blinken (R) announced a fresh $200 million in aid for Sudan at the United Nations

US Announces $200 Mn Additional Aid For Sudan

The United States on Thursday announced $200 million of new funding for the humanitarian crisis in Sudan, bringing Washington's commitment to $2.3 billion, Secretary of State Antony Blinken said Thursday.
Inflation in Britain

Further Hike In UK Inflation Hits Rate Cut Chance

UK annual inflation climbed further above the Bank of England's target rate in November, official data showed Wednesday, firming expectations that it will avoid cutting interest rates this week.
Pokemon Go was a worldwide phenomenon in 2016

Pokemon Is Back With A Hit New Gaming App

With over 60 million downloads and an estimated $180 million in revenue since late October, a new Pokemon mobile game app is enjoying worldwide success as the latest incarnation of the hit Nintendo-owned franchise.

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