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Alarm Bells Ringing Over RBA Board Reform
Moves to enshrine the Reserve Bank of Australia’s independence in the mid-1990s was viewed as a big step forward as it freed central bankers from political influence. But there are moves under way to tug on their reins.
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Hawkish BOJ Board Member Says Rates Should Be Raised to at Least 1%
Bank of Japan policy board member Naoki Tamura said the central bank should raise interest rates to around 1% in the near future, fueling expectations of several rate increases.
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These Two Cities Hold the Key to Russia’s Fight in Ukraine’s East
Moscow is seeking a breakthrough to help it take all of the eastern Donetsk region, after Ukraine seized a chunk of Russian territory.
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Amazon plans to spend $10.5 billion over the next five years in cloud and AI infrastructure in the U.K. amid rising demand for the services.
Amazon plans to spend $10.5 billion over the next five years in cloud and AI infrastructure in the U.K. amid rising demand for the services.
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Zara parent Inditex said sales grew at a steady pace in the first half, as shoppers bought more clothes and the company held off on big price increases.
Zara parent Inditex said sales grew at a steady pace in the first half, as shoppers bought more clothes and the company held off on big price increases.
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Norfolk Southern fired its CEO, Alan Shaw, citing his romantic relationship with the railroad company’s chief legal officer, who was also ousted.
Norfolk Southern fired its CEO, Alan Shaw, citing his romantic relationship with the railroad company’s chief legal officer, who was also ousted.