Economy
SunExpress airlines appoints Marcus Schnabel as new CEO
Schnabel to assume CEO role as of Feb. 1, 2026, joining SunExpress from Lufthansa Group
SunExpress airlines appoints Marcus Schnabel as new CEO
Schnabel to assume CEO role as of Feb. 1, 2026, joining SunExpress from Lufthansa Group
Hong Kong cuts policy rate 25 basis points, following Fed
Base rate lowered to 4% from 4.25%, hours after Federal Reserve cuts policy rate
US stocks end with gains after Fed cuts rates again
Dow up 1.05%, Nasdaq gains 0.33%, S&P adds 0.67%, while fear index down 6.85%
Fed Chair says central bank ‘well positioned to wait and see how the economy evolves’
Tariffs causing most of inflation overshoot, though likely to result in 'one-time' spike in pricing, according to Jerome Powell
Fed still forecasts only 1 rate cut next year
Central bank's median projection expects policy rate at 3.4% at end of 2026, and at 3.1% at end-2027
US Federal Reserve lowers policy rate 25 basis points in 3rd cut of year
Rate lowered to between 3.5% - 3.75% as central bank says downside risks to employment rose in recent months, job gains slowed
