Three Federal Reserve officials dissented against the recent policy statement that kept interest rates steady, arguing the Fed should drop its 'easing bias' and signal that rates might rise due to inflation risks from the war in Iran. They highlighted concerns that energy shocks and a prolonged conflict near the Strait of Hormuz could sharply increase inflation, potentially requiring rate hikes even if it weakens the labor market. This opposition challenges expectations from President Trump, who favors rate cuts under his nominee to lead the Fed. The dissenters emphasize the risk of inflation expectations becoming unanchored if the Fed does not act cautiously.
Cortea secured €12 million in funding led by Dawn Capital to develop AI-powered Audit Quality Agents that review audit reports and financial statements, identifying errors and inconsistencies before sign-off. These tools help audit firms improve qual...
Cortea secured €12 million in seed funding led by Dawn Capital to develop AI tools that enhance audit quality without compromising accuracy. Their Audit Quality Agents review audit reports and financial statements to detect inconsistencies and errors...
Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign featuring a series of vibrant summer events including the 50th Sun Life Hong Kong International Dragon Boat Festival, Pixar Summer Fest, and a major football event with top Euro...
Hong Kong Tourism Board has launched the "Hong Kong Summer Fun" campaign, featuring festivals, family attractions, sports events, and exclusive summer deals valid until August 31. Highlights include the 50th Sun Life Hong Kong International Dragon Bo...
XTransfer has been recognized for the second consecutive year in FXC Intelligence’s 2026 Top 100 Cross-Border Payments Companies list, highlighting its role in advancing global B2B payment solutions. The company, serving over 890,000 enterprises in 2...
