The death toll in Gaza reached 65,283 and more than 166,575 Palestinians have been injured as Israel ramps up the genocide with its new offensive in Gaza City, which has drawn criticism from traditional allies, like the UK.
Category: 23 September 2025
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SWISS BANKS SUCCEED IN SETTLING PAYMENTS USING A BLOCKCHAIN
Three Swiss banks have successfully made actual payments from bank deposits via a public blockchain, the Swiss Bankers Association said on 16 September.
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CANADA CUTS INTEREST RATE BY A QUARTER POINT
For the eighth time since May 2024, the Bank of Canada (BoC) has cut its policy interest rate. The bank’s governing council took off a quarter point. That halved the rate from 5 percent in May 2024 to 2.5 percent now, its lowest in three years.
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ARGENTINA’S CENTRAL BANK RESCUES PESO AMID POLITICAL CRISIS
On 17 September, Argentina’s central bank sold 53 million U.S. dollars and used the proceeds to buy pesos. That took about 78 billion pesos out of circulation.
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CHINA CEMENTS ITS PLACE AS WORLD’S LEADING EV MAKER
Because of their innovations in manufacturing, domestic access to raw materials, and the ability to turn out new models in record time, Chinese automakers now sell more than half of the electric passenger vehicles (EVs) bought worldwide.
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MAJOR U.S. FIRMS RUSH TO BORROW IN EUROS
Sales of euro-denominated bonds by U.S. companies—including Alphabet, Fiserv, PepsiCo, Verizon, and Visa—have notched a record $100 billion this year through mid-September as European interest rates remain attractive and the dollar loses its luster, Reuters reported.
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GOING OUT OF BUSINESS TRENDS
The economic landscape has presented an array of challenges that will profoundly affect the business community this year.
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WHEN THE ECONOMY FALLS, JOBS GO WITH IT
The labor market continues to see layoffs as companies cut budgets and AI takes over human jobs.
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SPECIAL REPORT, THE FED’S RATE CUT: WHAT NEXT?
On 17 September, the U.S. Federal Reserve’s Open Market Committee shaved a quarter point from its policy interest rate, dropping the rate charged on loans to 4.25 percent in its first rate reduction since December 2024 and to its lowest in almost three years.
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ORDERS FOR CARDBOARD DROP, SIGNALING ECONOMIC TROUBLE AHEAD
Demand for cardboard boxes has plummeted this year, an economic danger signal.