From Promoting Economic Pluralism
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
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
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
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
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
India has emerged as a major buyer of Russian oil over the past year, after Moscow’s invasion of Ukraine triggered Western sanctions, forcing Russia to offer its crude at discounted rates. The South …
Russia’s rupee problem risks harming trade ties with India Read More
A crisis of confidence in the US banking sector led people to pull their money from banks including Silicon Valley Bank and Credit Suisse, and more recently, First Republic Bank and California-based PacWest …
Digital bank runs: social media played a role in recent financial failures but could also help investors avoid panic Read More
Amid waning consumer trust and regulatory pushbacks, African crypto startups are dealing with the lack of venture dollars needed to gain competitive advantage against local and global counterparts. Chiamaka, a …
Africa fell in love with crypto. Now, it’s complicated Read More
The International Monetary Fund wants Egypt to enact more of the reforms that Cairo has committed to before it conducts the first review of the country’s $3bn rescue package, Bloomberg …
IMF wants Egypt to make reforms before bailout review: Report Read More
In January 2022, Peter Mwanzo, a senior Nairobi police officer, became a high-profile victim of mobile money fraud. Scammers replaced his SIM card remotely, transferred 597,100 Kenyan shillings ($4,575) …
M-Pesa has been huge for Kenya’s economy — and for scammers Read More