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The Latest Breaking News from International Business Times

US Could Cut Interest Rates 3 Or 4 Times This Year: Fed Official

The US Federal Reserve could cut rates three or four times this year if inflation data cooperates, with a first cut possible before July, a senior bank official said Thursday.

International Business Times

Teen Kills Fellow Student Teacher At Slovak School

A teen killed a fellow student and a teacher in a knife attack at a secondary school in northeastern Slovakia on Thursday and wounded a third woman.

International Business Times

Retail Sales Grew Modestly In December

Retail and food services sales for December 2024 continued to grow, proving that despite an inflationary economy, Americans are still shopping.

International Business Times

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European Carmakers Warn Against EU-US Trade War

Europe's biggest automakers called on the European Union Thursday to avoid a "trade conflict" with the United States, days before Donald Trump officially returns as president.

International Business Times

Coinbase Takes DeFi Mainstream With Bitcoin-Backed $USDC Loans

Coinbase announced today it is now offering Bitcoin-backed $USDC loans to allow users to borrow up to $100,000 in $USDC without a fixed repayment schedule.

International Business Times

China Property Giant Vanke's CEO 'Taken Away' By Police

The head of one of China's biggest property firms has been "taken away" by police, state-backed media reported Thursday, as a prolonged housing slump continues to hit the world's second-largest economy.

International Business Times

Nintendo Hopes To Reprise Blockbuster Switch With 2025 Successor

Nintendo is betting on the 2025 release of a bigger, better version of its blockbuster Switch console to keep up the success of the third best-selling games machine of all time.

International Business Times

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Target Shakes Up Leadership As It Announces Holiday Sales Grew 2.8 Percent

Target Corporation revealed a 2.8% increase in total holiday sales for November and December, amidst upcoming leadership changes.

International Business Times

Bank of America Is The Latest Big Bank To Show Big Earnings

BofA reported its fourth quarter profits doubled over the same period in 2023

International Business Times

French Researchers Aim To Ease X Refugees' Path With 'HelloQuitX'

French researchers have developed an application to help users migrate their whole online community from Elon Musk's X to rival social platforms such as Bluesky or Mastodon.

International Business Times

Walgreens Says Locking Up Products Has Hurt Sales

The CEO of the drug store chain says anti-theft deterrents are keeping customers from buying products.

International Business Times

US Sues Southwest Airlines Over 'Chronically Delayed' Flights

The Transportation Department is suing Southwest Airlines, alleging the airline had chronically delayed flights due to unrealistic scheduling.

International Business Times

Giuliani Expected In Court To Fight To Keep Yankees Rings In Defamation Judgment

The former Trump lawyer has been ordered to surrender millions of dollars in assets to satisfy a judgment against him for defaming two Georgia election workers.

International Business Times

Air Strikes In Gaza Crush Joy Of Ceasefire Deal

After news of a ceasefire agreement sparked mass rejoicing in Gaza, residents woke up Thursday to columns of smoke, rubble and more deaths following new Israeli air strikes.

International Business Times

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International Business Times

Oil Giant BP Cuts Thousands Of Jobs To Slash Costs

British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its workforce, and is cutting thousands of contractor roles to reduce costs.

International Business Times

Patients Dying In Corridors As Overwhelmed UK Hospital Standards 'Collapse'

UK patients are "coming to harm" with hospitals so overwhelmed people are dying in corridors awaiting treatment amid a "collapse in care standards", a report said Thursday.

International Business Times

RAIR Technologies Announces DevDapp, A Web3 Incentive System For GitHub

RAIR Technologies has announced a new Web3 incentive system to reward developers who improve the RAIRprotocol that provides enterprises with an open-source deployment layer for seamless business integration.

International Business Times

China To Probe US Chips Over Dumping, Subsidies

Beijing has accused Washington of protectionism, vowing to defend its interests and urging Washington to halt its "wrong practices".

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International Business Times

LA Couple Sues JetBlue After 'Watermelon-Sized' Ice Block Crashes Through Roof, Inches From Bed

An LA couple is suing JetBlue after a block of ice allegedly fell from one of its planes, crashing through their roof and landing inches from their bed.

International Business Times

Chinese Apps Including TikTok Hit By Privacy Complaints In Europe

Prominent Austria-based privacy campaign group NOYB (None of Your Business) said it has lodged six complaints against TikTok, AliExpress, SHEIN, Temu, WeChat and Xiaomi -- in its first such action against Chinese companies.

International Business Times

US Reclaims $31M In Social Security Payments Sent To The Dead

The government has recovered $31 million that was wrongfully paid to dead people.

International Business Times

Georgia Daycare Workers Allegedly Drugged Kids Before Naptime

Two daycare workers in Hall County have been arrested for allegedly giving high dosages of medication to children to make them sleep during naptime.

International Business Times

AI Layoffs: New York's New Rule Aims To Protect Workers

New York will be the first U.S. state to require businesses to notify the state when layoffs are directly tied to AI adoption.

International Business Times

Blasts In Kyiv As UK's Starmer Visits To Ink '100-year' Accord

British Prime Minister Keir Starmer arrived in Kyiv on Thursday on an unannounced visit to sign a "100-year accord" and shore up support for Ukraine before Donald Trump's return to the White House.

International Business Times

Hong Kong Mogul Jimmy Lai Grilled Over US, Taiwan Ties

Jailed Hong Kong media tycoon Jimmy Lai testified on Thursday that he brokered meetings between former Taiwan leader Tsai Ing-wen and American establishment figures, with prosecutors alleging that he colluded with foreign forces.

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