Dubai Floods Expose Weaknesses to a Rapidly Changing Climate
Extreme rains brought to a halt one of the hottest and driest cities on Earth.
Extreme rains brought to a halt one of the hottest and driest cities on Earth.
There’s one thing European Central Bank officials seem to agree on — that a first cut in interest rates will probably be delivered in June.
The European Central Bank mustn’t rush into further interest rate cuts after a likely first step in June, Governing Council member Madis Muller said.
Philippine Finance Secretary Ralph Recto cautioned that his nation may see a delay in interest-rate cuts should the peso weaken past the record low of 59 per dollar, though that wouldn’t damage the economic growth outlook.
Venezuela’s opposition coalesced around a tentative candidate for the upcoming vote, a display of unity that could pose a threat to President Nicolás Maduro’s re-election.
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