The Swiss National Bank left its policy rate unchanged on Thursday as inflation continues to remain well within the target. The central bank left its policy rate at zero percent, in line with market expectations. The SNB had lowered the key rate by 175 basis points since March 2024.
Attacks against human right defenders have reached record levels over the past year, according to a new report issued on Wednesday by the UN human rights office, OHCHR. Preliminary data indicates that around 950 human rights defenders, journalists and trade unionists were killed or forcibly disappeared...
The United States and Iran have signed a preliminary agreement to end the Middle East war. Pakistan Prime Minister Shehbaz Sharif announced in a post on X Thursday that U.S. President Donald Trump and his Iranian counterpart Masoud Pezeshkian electronically signed the "Islamabad Memorandum of Understanding," and was endorsed by him as the mediator. The MoU will enter into force with immediate e
European stocks were moving lower on Thursday after the U.S. Federal Reserve left interest rates unchanged as widely expected, but the latest set of projections suggested there could be at least one increase to its main rate this year. Elsewhere, the Swiss National Bank left its policy rate unchanged...
European stocks are seen opening lower on Thursday after U.S. stocks ended sharply lower overnight amidst monetary policy concerns. The Federal Reserve held its benchmark interest rate steady but Chair Kevin Warsh's focus on "price stability" signaled an increasingly hawkish pivot. That said,...
The Bank of England and Swiss National Bank announce monetary policy decisions on Thursday, headlining a hectic day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK unemployment data. The jobless rate is seen unchanged at 5.0 percent in the three months to April.
Today's top gainers included uniQure, which rallied after the FDA softened its stance on the company's investigational gene therapy; Elicio Therapeutics, following encouraging treatment responses from its cancer vaccine in pancreatic cancer trial; an Lunai, after its CEO issued a letter to shareholders outlining the developments in the company, among others.
Verizon Communications (VZ) has announced a significant revamp aimed at its customers, which includes getting rid of activation and device upgrade fees, launching a new loyalty program for everyone, and simplifying their wireless and bundled service options.
Uber Technologies (UBER), Nuro, and Lucid Group have revealed that Houston will be the second city to host their robotaxi service, with plans to kick off commercial operations around mid-2027.
Novo Nordisk B A/S (NVO), the Danish pharmaceutical firm, has announced it's looking into claims made by the cyber extortion group FulcrumSec, which alleges that over a terabyte of company data was stolen after Novo Nordisk supposedly refused to pay a $25 million ransom.
Stocks saw significant volatility immediately following the Federal Reserve's monetary policy announcement on Wednesday but came under considerable selling pressure in the latter part of the trading session. The major averages all showed significant moves to the downside, closing firmly in negative territory.
Following Kevin Warsh's first monetary policy meeting as Federal Reserve chairman, the central bank on Wednesday announced its widely expected decision to leave interest rates unchanged. The Fed said it decided to maintain the target range for the federal funds rate at 3.50 to 3.75 percent, citing its dual goals of maximum employment and inflation at the rate of 2 percent over the longer run.
Women are more likely than men to say they sleep poorly, even though sleep tests show they often sleep better, according to a new study from Karolinska Institutet. "It's a paradox, but we have found a possible explanation for why sleep quality is perceived so differently by men and women," commented...
A study from Rutgers University examined whether GLP-1 drugs such as Ozempic and Wegovy influence impulsive tendencies and violent behavior in adults. To answer this question, researchers analyzed data from a 2025 survey of 7,521 adults in the United States. Their main focus was on 821 participants...
Business inventories in the U.S. increased in line with economist estimates in the month of April, according to a report released by the Commerce Department on Wednesday. The Commerce Department business inventories climbed by 0.5 percent in April after jumping by an upwardly revised 1.0 percent in March.
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.