Tuesday, August 25
The Bank of Japan raised interest rates on Friday to levels unseen in three decades and signaled its readiness for further hikes beyond next year, taking another landmark step in ending decades of huge monetary support and near-zero borrowing costs.The move underscored the central bank's conviction that Japan was on course to stably hit its 2% inflation target backed by wage gains, and ready for a continued normalisation of monetary policy."Real interest rates are expected to remain significantly negative after the policy change, and accommodative financial conditions will continue to firmly support economic activity," the BOJ said in a statement announcing the decision.In a widely expected move, the BOJ raised short-term interest rates to 0.75% from 0.5% in the first increase sin
Dubai International Airport (DXB) has warned passengers of flight delays and cancellations due to adverse weather conditions on Friday. The airport also reported water accumulation on some roads and asked travellers to allow extra time to reach the airport or use public transport.In a post shared on X, DXB said the weather situation could disrupt airport access and flight schedules. Passengers have been advised to plan ahead and check their travel details before leaving for the airport.“Due to adverse weather, some flights are delayed or cancelled and there is water accumulation on some roads. Please allow extra time to reach #DXB or use the @rta_dubai Metro.— DXB (@DXB) For the latest status of your flight, check directly with your airline or visit http://dubaiairports.ae/flig
