Business·2h ago
Japan raises interest rate to highest since 1995
Japan's central bank has raised its main interest rate to 1%, the highest level since 1995, in response to rising global energy prices and increasing inflation expectations. This marks the second rate hike since Prime Minister Sanae Takaichi took office, as the Bank of Japan aims to stabilize the yen and address inflation pressures, which have been exacerbated by high energy costs. Despite the increase, Japan's interest rates remain low compared to other major economies, where rates exceed 3%.
BBC World
World·3h ago
Half of world’s children exposed to at least three climate hazards, Unicef says
A report by Unicef reveals that half of the world's children are exposed to at least three overlapping climate hazards, including heatwaves, storms, floods, and droughts. This situation poses significant threats to their health, education, and survival, with over one billion children facing multiple climate-related challenges simultaneously.
The Guardian