WASHINGTON (Reuters) -U.S. Treasury Secretary Scott Bessent said on Tuesday he believes the Federal Reserve could lower interest rates by September.
His comments on the Fox News show "The Ingraham Angle," come as President Donald Trump repeatedly urges the Fed to lower rates from their current 4.25%-4.50% range.
"I think that the criteria is that tariffs were not inflationary. If they're going to follow that criteria, I think that they could... (continue reading...)
(Reuters) -Australia's Qantas Airways confirmed the occurrence of a cyber incident at one of its contact centres on Wednesday, impacting customer data.
The company said the breach occurred when a cybercriminal targeted a call centre and accessed a third-party customer servicing platform.
Qantas said the platform contains around six million customers with service records, but did not mention whether the accounts were also based outside... (continue reading...)
By Jeff Mason
WASHINGTON (Reuters) -U.S. President Donald Trump is adding fragrances to the growing list of merchandise that bear his name, raising fresh questions about his use of the presidential bully pulpit to hawk products that enrich him and his family.
The former New York real estate tycoon, who moved back into the White House in January for his second term, announced this week that a new Trump-branded cologne for men and perfume for... (continue reading...)
LONDON (Reuters) -Average annual pay awards offered by British employers rose in the three months to May, after an increase in the minimum wage boosted pay significantly for some lower-paid workers, a survey showed on Wednesday.
Incomes Data Research said the median pay settlement awarded by major British employers had increased to 3.4% in the three months to May, up from 3.2% in the three months to the end of April.
Median pay awards for... (continue reading...)
WASHINGTON (Reuters) -President Donald Trump said on Tuesday Israel had agreed "to the necessary conditions to finalize" a 60-day ceasefire in Gaza during which efforts will be made to end the U.S. ally's war in the Palestinian enclave.
"Israel has agreed to the necessary conditions to finalize the 60 Day CEASEFIRE, during which time we will work with all parties to end the War," Trump said on social media.
"The Qataris and Egyptians, who... (continue reading...)
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