Federal Reserve signals no rush to cut rates as economy powers ahead
Chair Jay Powell says robust growth and steadying jobs market show borrowing costs are not ‘restrictive’
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Metals surge boosts value of mining groups by almost $500bn
Moves fuelled by surge in prices of precious and base metals triggered by heightened geopolitical tensions
Illicit crypto flows surge to record $158bn
Sharp rise in money sent to criminal wallets comes after volumes had been declining
Ex-Opec head confronted tycoon over his threat to ‘take her down’, court hears
Diezani Alison-Madueke accused of accepting bribes from executives while Nigeria’s oil minister
Deutsche Bank raided in German probe over Abramovich links
Prosecutors swoop on Frankfurt headquarters and Berlin office over dealings with Russian billionaire
Federal Reserve to deliver first rate decision of 2026
Race for new chair heats up as Jay Powell’s final meeting as head of US central bank comes into sight