HELSINKI -- Sweden's central bank on Tuesday lowered its policy rate by 0.25 percentage points to 1.75 percent, aiming to bolster economic recovery and bring inflation closer to its 2 percent target over the medium term.
The Riksbank said the global economy remains weighed down by geopolitical tensions, though overall growth prospects are largely unchanged. At home, headline inflation stayed elevated in August, but core inflation excluding energy aligned more closely with forecasts as the krona strengthened and companies moderated price increases. (Sweden-Interest Rate Cut)
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JERUSALEM/GAZA -- The Israel Airports Authority said Tuesday that Israel will indefinitely close the Allenby Bridge, known to Palestinians as the Karama Bridge, the only land crossing between the Israeli-occupied West Bank and Jordan.
The crossing, jointly operated by Israel and Jordan, will be closed to passengers and goods starting Wednesday morning, in line with the directive of the "Israeli political echelon," the authority said.(Israel-West Bank-Crossing Closure)
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PARIS -- Global gross domestic product (GDP) growth is projected to slow from 3.3 percent in 2024 to 3.2 percent in 2025, and further to 2.9 percent in 2026, according to the Organization for Economic Cooperation and Development (OECD) in its latest Economic Outlook released Tuesday.
The OECD said the downward revision from its previous forecast reflects the end of "front-loading" of trade and the impact of higher tariff rates and persistent policy uncertainty, which are dampening investment and global commerce. (France-OECD-Global Growth)
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NEW DELHI -- The Indian government has extended the NOTAM (Notice to Airmen) for Pakistan flights until Oct. 24, officials said Tuesday.
According to the NOTAM issued by the federal ministry of civil aviation, no aircraft registered in Pakistan, and operated, owned or leased by Pakistani airlines or operators will be allowed to enter the Indian airspace till Oct. 24. The airspace ban also applies to Pakistani military aircraft as per the NOTAM. (India-Pakistan-Airspace)
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WASHINGTON -- U.S. President Donald Trump on Monday signed an executive order designating Antifa as "a domestic terrorist organization," a move some experts believe lacks legal authority.
"President Donald J. Trump is right: the violence problem is on the Left. That's why he just designated Antifa -- a network of Radical Left terrorists that aim to overthrow the government through violence and agitation -- as a domestic terrorist organization," the White House said in a document. (US-Trump-Antifa-Terrorist) Enditem
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