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27/09/2023
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Money

The International Monetary Fund: ‘Dollarization is not a substitute for a sustainable fiscal policy’

08/09/2023 - Leave a Comment

Latin America is suffering the economic effects of the post-pandemic period, but Chilean Rodrigo Valdés, 56, the economist responsible for the Western Hemisphere Department of the International Monetary Fund (IMF), …

The International Monetary Fund: ‘Dollarization is not a substitute for a sustainable fiscal policy’ Read More

How Lebanon was plundered by its own central bank

01/09/202301/09/2023 - Leave a Comment

Before the start of the economic crisis in Lebanon in 2019, the governor of the country’s central bank, Riad Salameh, had a strong reputation as one of the world’s best. But by the …

How Lebanon was plundered by its own central bank Read More

Nigeria’s currency devaluation is a disaster for startups

25/08/202325/08/2023 - Leave a Comment

In July, when Nigerian agritech startup Winich Farms shared its quarterly financial report with stakeholders, it reported all the figures twice. One version used the old official currency rate of …

Nigeria’s currency devaluation is a disaster for startups Read More

The US government’s debt has been downgraded. Here’s what to know

04/08/2023 - Leave a Comment

WASHINGTON (AP) — Late Tuesday, Fitch Ratings became the second of the three major credit-rating firms to remove its coveted triple-A assessment of the United States government’s credit worthiness, a move that …

The US government’s debt has been downgraded. Here’s what to know Read More

Revealed: Major US banks are funding anti-LGBTIQ groups

14/07/2023 - Leave a Comment

The Bank of America and Goldman Sachs have both been lauded for their LGBTIQ-friendly workplaces. But tax filings uncovered by openDemocracy show nonprofit foundations linked to the banks have also …

Revealed: Major US banks are funding anti-LGBTIQ groups Read More

World’s richest people added $852 billion to their fortunes in the first half of 2023

07/07/2023 - Leave a Comment

The world’s 500 richest people added $852 billion (about €780 billion) to their personal fortunes in the first half of the year, according to Bloomberg data. On average, each member …

World’s richest people added $852 billion to their fortunes in the first half of 2023 Read More

Public Pension Funds Have Lost Billions on Their Fossil Fuel Investments: New Analysis

30/06/2023 - Leave a Comment

For U.S. public pension funds, divesting from oil, coal, and gas would result in overall higher financial value. That is the key takeaway from a new study examining the past decade’s portfolio …

Public Pension Funds Have Lost Billions on Their Fossil Fuel Investments: New Analysis Read More

Cost of living is driving one in four workers globally to look for new jobs

24/06/2023 - Leave a Comment

The rising cost of living is causing employed people to look for either higher pay with a new job or take on additional jobs, according to the recently released Global Workforce Hopes and …

Cost of living is driving one in four workers globally to look for new jobs Read More

How Emefiele, Nigeria’s powerful central bank chief lost his seat

16/06/2023 - Leave a Comment

Lagos, Nigeria – Last Friday Nigeria’s new President Bola Tinubu suspended the country’s Central Bank Governor Godwin Emefiele. On Saturday, Nigeria’s secret police confirmed the erstwhile top banker has been arrested …

How Emefiele, Nigeria’s powerful central bank chief lost his seat Read More

Europe sees inflation drop to 6.1%, but real relief for consumers will take months

02/06/2023 - Leave a Comment

FRANKFURT, Germany (AP) — Europe’s inflation took a positive turn with a significant drop to 6.1%, but prices are still posing a pinch to shoppers who are yet to see …

Europe sees inflation drop to 6.1%, but real relief for consumers will take months Read More

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