The Bank of Canada will hold its key interest rate near the current level of 5% until the third quarter of 2024, economists say, with growth picking up momentum to end this year.
Prime Minister Giorgia Meloni is paring back her ambitions to bring Italy’s deficit toward the European Union’s 3% limit next year, according to people familiar with the matter.
Dubai said it lowered its total debt to 25% of GDP by repaying loans including those it had secured from Abu Dhabi and the United Arab Emirates central bank, taking advantage of an economic recovery.
Ukraine resumed operations at a Danube River border checkpoint with Romania after a Russian drone strike damaged port facilities in the region overnight.
Canada's main stock index was down nearly 200 points in late-morning trading as losses in the industrial, technology and base metal sectors helped lead the way lower and U.S. stock markets also tumbled.
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