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German Chancellor Olaf Scholz toured flooded regions in the southwest, where rivers have burst their banks and caused flash floods and landslides after heavy rainfall.
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The newly introduced withdrawals from the Employees Provident Fund's (EPF) Account 3 are expected to stimulate economic activity without significantly affecting inflation, said Bank Negara Malaysia (BNM) Governor Datuk Abdul Rasheed Ghaffour.<br/><br/>Speaking at a press conference on Friday (May 17) during the announcement of the first quarter 2024 gross domestic product figures, Abdul Rasheed indicated that the impact of the flexible account withdrawal, as well as a planned salary increase for civil servants would be minimal. <br/><br/>Rasheed further reported that headline inflation in the country is anticipated to remain moderate this year, ranging between 2.0 per cent and 3.5 per cent, reflecting stabilising demand and contained cost pressures.<br/><br/>Read more at https://tinyurl.com/4dbj8svx<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
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Video captured on May 13, 2024, showing the Navasota River in Limestone County, Texas, flooding over its banks. The footage, taken near the area of 605 S Ellis St, Groesbeck, highlights the impact of the flood warning issued by the National Weather Service. The video includes scenes of the river's high water level and its effects on the local area.
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A recent report from the Federal Reserve Bank of San Francisco says American consumers have spent their pandemic money and now have more debt than savings. Veuer’s Matt Hoffman has the story.
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On Thursday, Sen. Tim Scott (R-SC) questioned FDIC Chair Martin Gruenberg on oversight and accountability during a Senate Banking Committee hearing. <br/><br/>Fuel your success with Forbes. Gain unlimited access to premium journalism, including breaking news, groundbreaking in-depth reported stories, daily digests and more. Plus, members get a front-row seat at members-only events with leading thinkers and doers, access to premium video that can help you get ahead, an ad-light experience, early access to select products including NFT drops and more:<br/><br/>https://account.forbes.com/membership/?utm_source=youtube&utm_medium=display&utm_campaign=growth_non-sub_paid_subscribe_ytdescript<br/><br/><br/>Stay Connected<br/>Forbes on Facebook: http://fb.com/forbes<br/>Forbes Video on Twitter: http://www.twitter.com/forbes<br/>Forbes Video on Instagram: http://instagram.com/forbes<br/>More From Forbes:http://forbes.com
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Silicon Valley Bank, Signature Bank, and First Republic are among the largest bank failures in US history. But even more banks could fail soon.
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Video captured on May 13, 2024, showing the Navasota River in Limestone County, Texas, flooding over its banks. The footage, taken near the area of 605 S Ellis St, Groesbeck, highlights the impact of the flood warning issued by the National Weather Service. The video includes scenes of the river's high water level and its effects on the local area.
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Looking to maximize your flight experience without breaking the bank? Here are some freebies savvy travelers can snag. Buzz60’s Maria Mercedes Galuppo has the story.
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Bank Negara Malaysia’s (BNM) initiatives have helped alleviate pressure on the ringgit, leading to a 0.5 percent appreciation of the local currency on a nominal effective exchange rate (NEER) basis, said the central bank’s governor.<br/><br/>Datuk Abdul Rasheed Ghaffour, speaking at a press conference on Friday (May 17) during the announcement of the first quarter 2024 gross domestic product figures, noted that from the beginning of the year until May 15 this year, the ringgit had depreciated by 2.4 percent against the US dollar,in line with the movements of other regional currencies.  <br/><br/>Read more at https://tinyurl.com/3kexwe38<br/><br/>WATCH MORE: https://thestartv.com/c/news<br/>SUBSCRIBE: https://cutt.ly/TheStar<br/>LIKE: https://fb.com/TheStarOnline
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While fraudulent activity relating to debit cards are on a decline, the opposite is true as it pertains to credit card fraud.<br/><br/><br/>The Bankers Association of T&T has provided insight into what customers should look out for when shopping online to better protect their information.<br/><br/><br/>BATT has also responded to claims by the police that getting information on fraud from banks is a very slow process.<br/><br/><br/>Alicia Boucher has the details.
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Shares of HSBC fell over 3% in Hong Kong after reports that its top shareholder, Ping An Insurance, may look to reduce its stake in the bank. Citing unnamed sources, Bloomberg reported Ping An is considering options to trim its $13.3 billion position in HSBC, including further share sales. Last week, Ping An disclosed the sale of HSBC shares, reducing its stake slightly from just over 8% to about 7.9%. Ping An was previously at odds with HSBC management, supporting a 2023 shareholder motion to spin off Asia operations.
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The former Prime Minister Gordon Brown says millions of British children have only known life in poverty - and he's called for a Government rescue plan to help them. Brown has warned that food banks are increasingly taking over from the welfare state and called for urgent action by the current government. Report by Covellm. Like us on Facebook at http://www.facebook.com/itn and follow us on Twitter at http://twitter.com/itn
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