Originally published on Fri July 19, 2013 10:00 am
China's central bank announced that it was removing some controls on the interest rates charged by banks for the loans it issues clients.
Reuters explains that the People's Bank of China said in a statement that it was removing the floor "on lending rates for commercial banks, meaning that banks will now be able to cut rates as much as they see fit to attract borrowers."
Originally published on Tue July 23, 2013 11:31 am
Around the world, hundreds of millions of Muslims are fasting from sunrise to sunset. The Muslim holy month of Ramadan began last week and continues until Aug. 7. That's 30 days of avoiding food and drink all day. But in many families, someone still has to prepare a hearty, and sometimes festive, dinner every night.
"Ramadan is a big change in routine," says Jehad Outteneh, a Palestinian in Jerusalem who shops and cooks for her family of eight.
U.S. Secretary of State John Kerry announced a last-minute trip to the West Bank this morning that's intended to jump-start stalled peace talks between Israelis and Palestinians.
The trip comes just hours after the Palestinians said they would not return to the negotiating table unless Israel agreed to begin talks using the borders that existed before 1967, when Israel captured the West Bank, Gaza Strip and east Jerusalem.