Interest rates: European Central Bank sets record hike to fight inflation

London CNN Business — The European Central Bank raised interest rates by a record three-quarters of a percentage point on Thursday and promised more action to come as it struggles to contain the inflationary fallout of the invasion of Ukraine by Russia and the ensuing energy crisis. This decision will bring the reference rate of … Read more

Iran nuclear deal: US confirms sending response to EU on proposal to save deal

CNN — The United States has sent its response to the European Union on a proposal to try to save the Iran nuclear dealthe US State Department confirmed on Wednesday. “As you know, we have received Iran’s comments on the final text proposed by the EU through the EU. Our review of these comments is … Read more

Ukraine grain deal ‘lays foundation for permanent peace environment’, Turkey says

CNN — Some 27 ships loaded with grain left Ukrainian Black Sea ports since August 1 under a United Nations-brokered export deal with Turkey, which laid “the foundations for a permanent environment of peace”, Turkey’s defense minister said in a speech on Saturday. . “Since August 1, a total of 53 vessels have sailed for … Read more