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The Fort Worth Press - Economy (English)
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Stock markets surge on China stimulus
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US Fed dissenter warns inflation risks remain 'prominent'
The sole Federal Reserve official not to support last week's large interest rate cut said Tuesday that the risks of inflation reigniting remained "prominent."
Asian stock markets lead rally on China stimulus
Stock markets and oil prices rallied Tuesday after China's central bank unveiled fresh stimulus measures to kickstart growth in the world's number two economy.
France facing 'one of worst deficits' in its history: minister
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Postbank (Постбанк) анулює рахунки українців у Німеччині
Останніми роками Postbank - Постбанк привертає все більше критики з боку клієнтів та організацій із захисту прав споживачів. Багато клієнтів скаржаться на довгі черги у відділеннях і телефоном, неналежне обслуговування та технічні проблеми з онлайн-банкінгом.Нещодавно стало відомо, що Postbank все частіше закриває рахунки громадян України, які втекли від війни в терористичній державі Росія до Федеративної Республіки Німеччина та отримують допомогу від центру зайнятості, відповідно до абзацу 1 пункту 19 Загальних положень та умов Postbank. Це положення дозволяє Postbank розірвати ділові відносини з клієнтами за умови попередження за два місяці без пояснення причин.Захисники прав споживачів та постраждалі клієнти висловлюють занепокоєння щодо прозорості та справедливості такої практики. Вони критикують той факт, що несподіване закриття рахунків може призвести до значних незручностей, особливо якщо воно відбувається без детального обґрунтування. Для багатьох клієнтів закриття рахунку означає не лише організаційні зусилля, але й потенційні фінансові втрати.У зв'язку із закриттям Постбанком рахунків українських громадян у журналіста-спостерігача виникла підозра, що Постбанк, вочевидь, хоче позбутися так званих збиткових клієнтів за допомогою такого закриття рахунків. Дискусія про практику анулювання рахунків «Постбанку» негативно висвітлює важливість чітких і справедливих умов у банківському секторі.
Postbank terminates accounts of Ukrainians in Germany
Recently, the Postbank has increasingly attracted criticism from customers and consumer advocates. Many customers complain about long waiting times in branches and on the phone, inadequate customer service and technical problems with online banking.It has recently been revealed that Postbank is increasingly terminating the accounts of Ukrainian citizens who fled to the Federal Republic of Germany from the war waged by Russia, the state of terror, and who receive benefits from the job centre, in accordance with No. 19 (1) of Postbank's General Terms and Conditions. This clause allows Postbank to terminate business relationships with customers by giving two months' notice without stating reasons.Consumer advocates and affected customers have expressed concerns about the transparency and fairness of this practice. They criticize the fact that unexpected account closures can cause considerable inconvenience, especially if they are carried out without detailed justification. For many customers, the closure of their account not only means organizational effort, but also potential financial disadvantages.Regarding these account closures of Ukrainian citizens by Postbank, the journalistic observer is led to suspect that Postbank apparently wants to get rid of so-called unprofitable customers with these account closures. The debate about Postbank's termination practice casts a negative spotlight on the importance of clear and fair terms and conditions in the banking sector.
Dutch paint giant Akzonobel slashes 2,000 jobs worldwide
AkzoNobel, the world's leading paintmaker and manufacturer of Dulux paint, said Tuesday it was cutting 2,000 jobs globally, more than five percent of its workforce, as it strives to cut costs.
Trump slams early voting, even while urging Pennsylvanians to do so
Donald Trump dismissed early voting Monday as "stupid" but nevertheless encouraged voters in Pennsylvania to cast ballots as soon as possible, as he vowed if elected US president to repel a migrant "invasion" of the battleground state.
China unveils fresh stimulus to boost ailing economy
China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy as it battles a prolonged property sector debt crisis, continued deflationary pressure and high youth unemployment.
China unveils fresh stimulus to boost economy
China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate.
Israeli economy struggles under weight of Gaza war
Nearly a year of war in Gaza has battered Israel's economy, and poverty is now threatening communities including in areas far removed from the fighting against Hamas.
Union says new Boeing pay offer 'missed the mark'
Union negotiators slammed Boeing's new offer to lift hourly wages for striking workers by 30 percent on Monday, saying it "missed the mark" and won't be voted on by members.
Environmental groups urge EU 'high risk' label for Sarawak
Environmental and rights groups urged the European Union Tuesday to label Malaysia's Sarawak region "high risk" under controversial new anti-deforestation rules to be implemented from the end of December.
'Lead the future': youth challenge world leaders at UN
Fired up by their desire for change, Alaine, Maria, Emmanuel and Areej are speaking up for young people ahead of the UN's annual diplomatic bonanza in New York.
Goosebumps and stars as Paris Fashion Week kicks off
Hollywood stars braved the rain to open Paris Fashion Week at L'Oreal's giant outdoor show Monday as rumours swirl of musical chairs at the top of fabled French brands.
Boeing boosts pay offer in effort to end strike
Boeing proposed lifting hourly wages for striking workers by 30 percent on Monday, sweetening its initial offer in an effort to end a 10-day stoppage that shuttered Seattle-area plants.
Global markets inch higher on hopes of further rate cuts
US and European shares nudged higher Monday as momentum from last week was restrained by weaker eurozone economic data.
Amazon forest has lost an area the size of Germany and France
The world's biggest rainforest, the Amazon, has lost an area about the size of Germany and France combined to deforestation in four decades, a study showed Monday.
Telegram's Durov announces new crackdown on illegal content
Telegram founder and chief executive Pavel Durov said Monday that the messaging platform had removed more "problematic content", weeks after his arrest in France on charges of failing to act against criminals using the app.
Berlin warns UniCredit against Commerzbank takeover attempt
German Chancellor Olaf Scholz issued a sharp warning to UniCredit to refrain from "unfriendly" acts Monday after the Italian bank revealed it had significantly increased its stake in Germany's Commerzbank.
Trial opens in Italy student murder case that opened eyes to femicide
A major femicide trial opened in Italy Monday, after the brutal murder of a university student by her ex-boyfriend that triggered outrage and national soul-searching over the roots of male violence against women.
Swedish battery maker Northvolt to slash 1,600 jobs, quarter of staff
Sweden's beleaguered electric car battery maker Northvolt said Monday it would cut a quarter of its staff in the country, as it struggles with strained finances and a slowdown in demand.
Stock markets inch higher on rate hopes
US and European shares nudged higher Monday as investors were torn between hopes of further interest rate cuts and weak eurozone economic data.
UniCredit ups stake in Commerzbank to 21 percent
Italian lender UniCredit said on Monday it has increased its stake in Commerzbank to around 21 percent, fuelling speculation that it could seek a takeover of its German rival.
Big rate cut was 'appropriate' first step: Fed official
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Stock markets diverge as eurozone economy struggles
European and Asian stock markets diverged Monday as investors digested weak eurozone economic data and an interest rate cut by China's central bank.