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Business News brief 17 Sept 2026
The Bank of England looks set to keep interest rates on hold on Thursday but investors are watching for any hint that surging energy prices could force it to follow the example of the...
By NewsJaws News Feed · 1 min read Business
Business US government paid federal employees $9.5bn not to work amid Doge cuts – report GAO report shows how use paid administrative leave rose by 435% from 2023 to 2025 and incurred a sixfold cost The US government paid federal workers $9.5bn not to work in 2025...
Business
Business Handbags, jewels, watches: Inside Singapore's dirty money auction The BBC goes inside a fortified storage facility to view luxury goods seized by Singapore police in a $2.2 billion money laundering case that are now up for auction.
Business
Business Fed raises interest rates for the first time in over 3 years The Federal Reserve raised its benchmark interest rate as expected on Wednesday, marking a sharp policy turnaround for an economy increasingly shaped by the war in the Middle East.
Business
Business The Fed just raised rates. Here’s what it means for borrowers and savers The Federal Reserve’s rate hike will change what you can earn on new savings products and what you’ll pay on new loans and credit card debt.
Business
Business US DFC approves €85 million loan to Ukraine's DTEK The U.S. International Development Finance Corporation approved an €85 million ($97.5 million) loan to Ukraine's largest private energy company, DTEK, to expand its battery...
Business
Business KeyCorp raises prime rate after Fed decision U.S. bank KeyCorp raised its prime lending rate on Wednesday after the Federal Reserve adjusted its benchmark interest rate, a move that is set to raise borrowing costs for...
Business
Business Boeing CEO says it is taking longer to stabilize 737 MAX output; shares slide Boeing CEO Kelly Ortberg said on Wednesday that it is taking "longer than expected" to stabilize the 737 MAX production rate at 47 jets a month.
Business
Business US agency to invest $155 million in African digital infrastructure firm WIOCC The U.S. International Development Finance Corporation said on Wednesday it would invest up to $155 million in African digital infrastructure provider WIOCC, underscoring...
Business
Business Warsh says US economy has strengthened, inflation is the problem Federal Reserve Chairman Kevin Warsh said on Wednesday that the U.S. economy has strengthened since Fed policymakers last met in June, with a labor market essentially running...
Business Would you sell a house for AI stock? A California homeowner is offering his $2.35 million vacation property in exchange for pre-IPO AI stock. CNN’s Natasha Chen looks at how this unusual listing reflects the tech...
Business
Business What do higher rates mean for borrowers and savers? The U.S. Federal Reserve nudged interest rates higher by a quarter of a percentage point on Wednesday, the first rate hike in more than three years. So how will it impact your...
Business First Solar drops ITC patent case, shifts focus to lawsuits against rivals U.S. solar panel maker First Solar Inc said on Wednesday it would withdraw a patent infringement complaint before the U.S. International Trade Commission and instead focus on...
Business
Business MMG hit with EU antitrust warning over nickel deal with Anglo American MMG was hit with an EU antitrust warning on Wednesday over its plan to buy Anglo American's Brazilian nickel business, as regulators said the Hong Kong-listed mining and metals...
Business
Business US Federal Reserve votes to hike rates for the first time since 2023 Move comes after Trump nominated Kevin Warsh as Fed chair and said US should have lowest rates in the world The US Federal Reserve voted to raise interest rates on Wednesday...
Business
Business Federal Reserve raises rates: Savers 1; Borrowers 0 The Federal Reserve just raised the cost of borrowing money — bad news for borrowers, good news for savers. The Fed increased its benchmark interest rate Wednesday by a...
Business
Business Fossil fuel advertising contracts at all-time high in 2026 In year of extreme weather, ad agencies found to be building Big Oil’s image as integral to family life and security “It’s that time of the year again,” the Abu Dhabi National...
Business
Business Amazon raises starting pay to $20 an hour and adds Whole Foods discount Wage increase brings Amazon’s US minimum pay in line with Costco and includes new grocery discount benefit Amazon has raised its minimum wage in the US to $20 an hour, with...