China's Central Bank cut interest rate to boost economy
The five-year loan prime rate was lowered to 4.45% from 4.6%, the People's Bank of China said in a statement on Friday.
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It has been the second reduction this year as China seeks to revive the country's ailing housing sector to prop up the economy.
The PBOC decided to keep the one-year LPR unchanged at 3.7%, according to the statement. (ILKHA)
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After facing significant defeats on the battlefield, the Israeli war cabinet announced on Tuesday its decision to agree to a ceasefire with Lebanon.
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The death toll from the collapse of a four-story building in Kariakoo, Dar es Salaam’s bustling commercial district, has risen to 29, following the discovery of nine more bodies, a senior official announced Tuesday.
