Career News 24/7: Morning Digest: ECB set for rate cut as inflation falls sharply

Thursday, May 2, 2013

Morning Digest: ECB set for rate cut as inflation falls sharply

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05/2/2013

Reuters Election 2012 Daily round-up of the day's top news from the campaign trail, the White House and all the politics in between

ECB set for rate cut as inflation falls sharply

FRANKFURT (Reuters) - The European Central Bank is expected to cut its main interest rate for the first time in 10 months on Thursday, driven to act by an economy wallowing in recession and freed to do so by sharply falling inflation..

Local mayor suspended as Bangladesh disaster toll climbs to 430

DHAKA (Reuters) - The mayor of the Bangladesh municipality where a factory building collapsed killing more than 400 people was suspended from office on Thursday, a government minister said, as rescuers pressed on with the task of recovering bodies from the wreckage..

Global shares soft ahead of ECB decision

LONDON (Reuters) - European shares eased on Thursday as investors waited to see if the European Central Bank would cut rates and hint at more measures to boost struggling euro zone economies..

Kris Kross rapper Chris "Mac Daddy" Kelly dies at 34

ATLANTA (Reuters) - Chris "Mac Daddy" Kelly, one half of the 1990s rap duo Kris Kross, has died at an Atlanta hospital at the age of 34, a Fulton County Medical Examiner's spokesman said on Wednesday..

Blazers' Lillard named unanimous Rookie of the Year

(Reuters) - Portland Trail Blazers guard Damian Lillard was named the NBA Rookie of the Year on Wednesday after a breakout campaign that saw him leapfrog all first-year players..

Ofcom begins investigation into BT's superfast broadband

(Reuters) - UK telecoms regulator Ofcom has launched a probe into whether BT Group is abusing its dominant position when pricing its superfast broadband, following a complaint by smaller rival TalkTalk Telecom Group..

Virgin's passenger spaceship completes first rocket test flight

(Reuters) - A six-passenger spaceship owned by an offshoot of Virgin Group fired its rocket engine in flight for the first time on Monday, a key step toward the start of commercial service in about a year, Virgin owner Richard Branson said..

Bono's one-time Sydney holiday home sells for record $55.4 million

SYDNEY (Reuters) - A Sydney harborfront mansion has been sold for a record-setting A$54 million ($55.4 million) to a Chinese-born businessman, reinforcing the city's growing status as a hot property destination, newspapers said on Thursday..