The quarter-point reduction comes as inflation in the eurozone cools, prompting the E.C.B. to move before the Federal Reserve in the United States, where rates remain high.
Tag: Prices (Fares, Fees and Rates)
After Billions of Dollars in Losses, Canada Post Warns It May Run Out of Cash
While the post office considers plans to revamp its business model, any major fixes are likely to be politically vexing.
U.K. Inflation Falls to 2.3%, Lowest in 3 Years
The decline, which was less than economists expected, is nearing the Bank of England’s 2 percent target.
F.T.C. Clears Exxon Mobil’s Acquisition of Pioneer Natural Resources
The Federal Trade Commission will bar Pioneer’s chief executive, Scott Sheffield, from joining Exxon’s board, saying he colluded with OPEC to reduce oil production.
He Paid $13 for $13,000 Cartier Earrings, and Then the Jeweler Noticed
When Rogelio Villarreal bought rose-gold earrings for a price that the luxury retailer said was a mistake, he looked to a Mexican consumer protection law. He later said the company delivered the earrings.
Venice Access Fee: What to Know Before Your Day Trip
Venice is trying to mitigate overtourism with a small fee on busy days. City leaders hope it will make visitors more aware of the city’s fragility.
A Bill to Limit Canada’s Trade Negotiators on Farm Goods Edges Nearer to Law
The measure from a member of the Bloc Québécois would ban changes to the supply management system for dairy, poultry and eggs.
How France Is Fighting ‘Shrinkflation’
Merchants will be required to put signs in front of all products that have been reduced in size without a corresponding price cut.
Chinese Export Surge Clouds U.S. Hopes of a Domestic Solar Boom
The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.
Long-Acting Drugs May Revolutionize H.I.V. Prevention and Treatment
New regimens in development, including once-weekly pills and semiannual shots, could help control the virus in hard-to-reach populations.