FILE PHOTO: Logos of Swiss banks UBS and Credit Suisse

Dog chained to lamppost finally knows what it’s like to be loved

An abandoned dog found chained to a lamppost on a freezing night has found a new loving home after two years. Wilson needed a long time to learn how to be loved and have fun at Birmingham Dogs Home following his traumatic experience on the street. A passerby in 2018 spotted the black Labrador cross […]

Deepening negative rates would do more harm than good: ex-BoJ deputy governor Mutoh

By Leika Kihara and Yoshifumi Takemoto TOKYO (Reuters) – The Bank of Japan has nearly exhausted its policy ammunition to boost the economy as deepening negative interest rates, seen as the most likely step if it were to expand stimulus, will do more harm than good, former BOJ Deputy Governor Toshiro Mutoh said. Under a […]

U.S. deficit to soar to record $3.8 trillion in 2020, budget watchdog group says

WASHINGTON (Reuters) – A steep economic downturn and massive coronavirus rescue spending will nearly quadruple the fiscal 2020 U.S. budget deficit to a record $3.8 trillion, a staggering 18.7% of U.S. economic output, a Washington-based watchdog group said on Monday. Releasing new budget estimates based on spending mandated by law, the Committee for a Responsible […]