Business Matters

The European Central Bank cuts interest rates

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Synopsis

The European Central Bank has announced a cut in its main interest rate from an all-time high of 4% to 3.75%. A Norwegian mining group has confirmed that it's discovered the largest deposit of rare-earth minerals in Europe. Mike Lynch, the man once known as Britain’s Bill Gates, has been acquitted of the charges against him by a court in San Francisco. We look at the impact of the new wave of injectable diabetes and weight loss drugsAnd Virgin Australia plans to allow dogs and cats to fly in the main cabin on its flights.(Credit: European Central Bank. Photo by FRIEDEMANN VOGEL/EPA-EFE/REX/Shutterstock)