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Top Il Sole 24 Ore News
Federal Reserve · WashingtonThe Federal Reserve on Wednesday approved a widely anticipated rate cut and signaled that two more are on the way before the end of the year as concerns intensified over the U.S. labor market. In an 11 to 1 vote that signaled less dissent than Wall Street had anticipated, the Federal Open Market Committee lowered its benchmark overnight lending rate by a quarter percentage point. The decision puts the overnight funds rate in a range between 4%-4.25%.See the Story
Federal Reserve cuts key rate by quarter-point and signals two more cuts this year
52% Center coverage: 235 sources
European Union · BrusselsJERUSALEM: Israel on Tuesday (Sep 16) urged European Commission President Ursula von der Leyen to withdraw a proposal that would curb trade ties in a bid to pressure Israel to end the war in Gaza."Pressure through sanctions will not work," Foreign Minister Gideon Saar wrote in a letter to Von der Leyen.See the Story
EU Commission proposes sanctions against Israel over Gaza war
37% Center coverage: 142 sources
Gucci · FranceFrench luxury group Kering has named Francesca Bellettini the new chief executive of its flagship Gucci brand, replacing Stefano Cantino after just nine months in the job, in the first major management change under new group CEO Luca de Meo.See the Story
Kering ousts Gucci CEO, appoints Francesca Bellettini to lead the brand
72% Center coverage: 7 sources
