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The People’s Bank of China will announce the one- and five-year loan prime rates on Monday, July 22, 2024. The announcement is usually on the 20th, but since that day was a Saturday, it will be today instead.Last week, the Monthly Medium Term Lending Facility (MLF) was established.When the People’s Bank of China leaves the MLF rate unchanged, it is often a signal that the LPR will also remain unchanged, but this is not always the case.The current LPR rates are:3.45% for 1 year, 3.95% for 5 yearsPeople’s Bank of China’s Prime Lending Rate (LPR):The interest rate benchmark used in…

US President Joe Biden announced on Sunday that he will not run for reelection in the 2024 presidential election, following a much-criticised and inconclusive first debate with Republican presidential candidate Donald Trump and subsequent calls from leading Democrats for him to abandon his bid for a second term.”While I had intended to seek reelection, I believe it is in the best interest of our party and our nation that I step aside and focus on fulfilling the duties of my presidency for the remainder of my term,” Biden said in a statement. “I will speak to the American people in…

Photo: Michael M. Santiago (Getty Images)Volatility is almost certain as stock markets open tomorrow on the news that President Joe Biden will not run for reelection. Donald Trump’s ‘affectionate’ boosts Jamie Dimon’s nomination for Treasury SecretaryThe decision brings economic uncertainty to the forefront as Democrats compete to endorse new candidates (Biden has endorsed Vice President Kamala Harris as his nominee). “If President Biden were to announce his withdrawal from the reelection race, the immediate market reaction would likely be volatility and uncertainty,” Josh Thompson, CEO of Impact Health USA, told Yahoo Finance! over the weekend. “Investors generally like stability and…

President Joe Biden ended his presidential campaign on Sunday after a politically disastrous performance in the debates ignited deep-seated concerns among voters and within his party about whether the 81-year-old president is capable of serving a second term in office.The president announced his decision in a letter posted to his campaign Twitter account, saying he would serve out his duties as president until the end of his term in January and would speak to the American people “in more detail about my decision later this week.”He also endorsed Vice President-elect Kamala Harris in a follow-up message: “I fully support and…

Manama, July 21 (BNA): His Highness Prince Salman bin Hamad Al Khalifa, Deputy King of Saudi Arabia, received General Michael Kurilla, Commander of the U.S. Central Command, today at Sahir Palace. His Highness underscored the strength of the long-standing relationship between Bahrain and the United States, which is based on a strategic partnership supported by the leaders of both countries. The Vice King stressed the importance of building bilateral partnerships to achieve common goals and interests. In this regard, he appreciated the joint agreements and memoranda of understanding signed by the two countries, the latest of which…

Stocks fell from record highs on Friday as a global tech outage sent shockwaves through markets, putting pressure on the entire technology sector.The S&P 500 (^GSPC) ended the week down about 2% and the Nasdaq Composite Index (^IXIC) was down more than 3.5% for the week, both indexes’ worst weekly performances since April, while the Dow Jones Industrial Average (^DJI) was up about 0.7%.This week, key indicators of economic growth and inflation, as well as earnings reports from major technology companies, will determine whether the recession will last.Investors are also likely digesting the news that President Joe Biden will not…

Joe Biden announced Sunday that he will not seek reelection as president, ending speculation about whether he would withdraw.Biden released a statement on his withdrawal from the race on X. Separately, Biden endorsed Vice President Kamala Harris as his running mate. The Biden-Harris pair defeated Donald Trump and Mike Pence in the 2020 presidential election.CLICK HERE FOR MORE SPORTS COVERAGE ON FOXNEWS.COM President Biden greets the Chiefs with congratulations on winning the Super Bowl in 2024. (Andrew Harnick/Getty Images)Harris must choose a running mate, but it will ultimately be up to the rest of the party to nominate her as…

Downward angle icon An icon in the shape of a downward angle. President Joe Biden has announced he is withdrawing from the 2024 presidential race. Demetrius Freeman/The Washington Post via Getty Images President Joe Biden is withdrawing from the 2024 presidential race. The decision comes after his disastrous performances in the presidential debates sent shock waves through the party. With polls showing Biden losing to Trump, Democrats are hoping a new candidate will improve their chances. In a surprising about-face, President Joe Biden announced Sunday that he was withdrawing his 2024 reelection bid.”Though I had intended to seek reelection, I…

Downward angle icon An icon in the shape of a downward angle. A B-52H Stratofortress. HUM Images/Universal Images Group via Getty Images Moscow said it had scrambled fighter jets to intercept two US bombers approaching the Russian border. The Russian Defense Ministry said the two B-52H bombers “withdrew” as the fighter jets approached. The B-52H Stratofortress is a long-range heavy bomber capable of carrying nuclear weapons. The Russian Defense Ministry said in a Telegram post that Russian fighter jets had been scrambled to intercept two U.S. B-52H bombers approaching the border.”Russian airspace control systems have detected a group of aerial…

The owner of a consumer insights research firm was unable to pay his employees, sign new business contracts by a Friday deadline and send crucial research results to key clients. A psychiatrist who runs a virtual mental health clinic in Maryland is finding his work disrupted because some of his virtual assistants and therapists can’t make calls or log on to their computers. A New York City restaurant owner worried about how to pay his vendors and employees. A global internet outage forced many businesses, large and small, to suspend operations on Friday. AP Companies from airlines to hospitals were…