Erdogan Appointed Former First Republic Bank Executive Hafize Gaye Erkan to Lead Turkey S Central Bank in A Likely Shift Away from the Unorthodox Economic Policies That Have Sown Economic Instability
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A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - World -
Biden vs. Trump: A Choice, Not an Echo, on Economic Policy
The presidential nominees have very different views on climate, taxes, trade, entitlements and labor.The Wall Street Journal - World - Joe Biden -
Argentina economic activity likely slid 5.5% in Milei's first full month - Reuters poll
Yahoo News - World -
Inflation Requires Caution for Brazil's Central Bank
Brazil’s central bank may have room to keep easing monetary policy gradually, but “core-services inflation underlying dynamics merit attention,” Goldman Sachs’ Alberto Ramos says.The Wall Street Journal - World - Inflation -
Extremism endangers Germany's prosperity, warns central bank chief
Yahoo News - World -
Polish central bank chief seeks truce with Tusk over ‘idiotic’ accusations
Adam Glapiński insists he did not abuse his powers in bid to keep Law and Justice party in powerFinancial Times - World -
Economic fallout from Key Bridge collapse
In addition to the human toll, the collapse of the Francis Scott Key Bridge will also send ripples throughout the economy far beyond Baltimore. The crumpled bridge is now blocking a key waterway for shipping routes. Ramy Inocencio has more.CBS News - Top stories -
Canada's Poor Productivity Has Reached Emergency Status, Senior Central Bank Official Says
Bank of Canada’s senior deputy governor, Carolyn Rogers, warns that a turnaround is urgently needed to protect the economy from future bouts of inflation.The Wall Street Journal - World -
Nigeria's central bank hikes interest rate to 24.75% as it battles sky-high inflation, currency crisis
The Central Bank of Nigeria on Tuesday hiked its key interest rate by 200 basis points, as Africa's largest economy looks to recover from a historic currency crisis and soaring inflation.CNBC - Business -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Lawmakers with Poland’s ruling pro-European Union coalition have launched a rare process to bring the central bank chief before a special court on allegations of acting against the country’s financial interestsABC News - World -
Poland's ruling coalition wants the central bank chief tried in court over hurting state interests
Yahoo News - World -
S&P issues negative outlook on five U.S. regional banks due to risky office space exposure
Higher office space vacancies trigger rise in criticized and modified loans, as a maturity wall loomsMarketWatch - Business -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
Chick-fil-A Shifts Its ‘No Antibiotic’ Chicken Policy
The fast food restaurant chain will continue to bar the use of antibiotics used to treat people but will permit the use of animal antibiotics.The New York Times - Business -
Economic impact of Baltimore bridge collapse
Operations at the Port of Baltimore were halted after the Francis Scott Key Bridge collapsed Tuesday. The collapse will impact shipping routes and trade in the region. David Lynch, a global economics correspondent for the Washington Post, joins ...CBS News - Top stories -
The Guardian appoints first Caribbean correspondent
Natricia Duncan’s role, unique to UK news media, is one of seven new appointments – two in the US – since Legacies of Enslavement report. The Guardian has appointed its first Caribbean correspondent, marking one year since the newspaper’s owner ...The Guardian - World -
Damien Harris retires at age 27: Former Patriots, Bills RB walks away from NFL after five seasons
Harris played five seasons in the AFC EastCBS Sports - Sports - NFL -
Barclays bank payments restored after outage
The bank has apologised as some customers experienced issues with payments into and out of accounts.BBC News - Top stories -
Last-minute shift change may have saved worker from Key Bridge collapse
Moisés Díaz was originally scheduled to fill potholes on the Francis Scott Key Bridge early Tuesday morning, when it collapsed.CBS News - Top stories -
Hunt: We'll keep 'triple lock' on pension increases if we win election
Chancellor Jeremy Hunt says it's an expensive commitment but one his party is confident it can deliver.BBC News - Top stories -
Sizing Up the Economic Impact of the Baltimore Bridge Collapse
With vessel traffic suspended at the Port of Baltimore, companies that transport cars and coal are looking for alternatives.The Wall Street Journal - Business -
Economic experts slash growth forecasts for Germany
Five leading institutes expect expansion of just 0.1 per cent in 2024 as exports fall and domestic demand fails to pick upFinancial Times - World -
Nobel prize-winning psychologist Kahneman dies
In his book Thinking, Fast and Slow, the Nobel laureate argues humans act mostly on instinct, not logic.BBC News - Top stories -
Died: Daniel Kahneman, 90, pioneer in behavioral economics.
Died: Daniel Kahneman, 90, pioneer in behavioral economics.The Wall Street Journal - World -
Nikkei Rises 0.5%, Led by Machinery, Real-Estate Stocks
Japanese stocks ended higher, led by machinery and real-estate stocks, after signs of U.S. economic strength and selloffs related to the ex-dividend date on Thursday.The Wall Street Journal - World -
Scotland’s economic potential is blocked by a failing UK
There is a fundamentally different policy consensus north of the border — and different rules applyFinancial Times - World - United Kingdom -
Former Gaming Executive Sentenced To Death
A former gaming executive has been sentenced to death in China for poisoning the founder of Chinese gaming company Yoozoo Games. This story also connects to the recently released Netflix series 3 Body Problem from the creators of Game of Thrones.. ...GameSpot - Tech -
Fed Rate Outlook Looks Just Right for Banks
Banks look forward to relief on deposit costs but have no desire to go back to zero rates.The Wall Street Journal - World - Federal Reserve -
Beware of 'bank jugging' this tax season, police warn
Police are warning the public about "bank jugging" this tax season.The Hill - Politics -
Australia bank CEOs call for a fix to housing shortage
Yahoo News - World - Australia -
China Merchants Bank Gains on Dividend Surprise
China Merchants Bank’s shares rose after the lender surprised with a boost in its dividend ratio while annual earnings came in largely as expected.The Wall Street Journal - World - China -
Treasury staff worked at bank linked to China state
The Treasury says the secondment scheme deepens ties with Asia and boosts British business.BBC News - Top stories - China -
China’s property turmoil hits midsized bank Everbright
Regional lender’s shares fall after profits miss estimates due to investment losses and increase in cash set aside for bad debtsFinancial Times - World - China -
The right way to neutralize China’s unfair economic advantage on climate
China, despite having grown into the world’s second largest economy and largest exporter, is still classified by the United Nations as a developing nation under several important environmental treaties.The Hill - Politics - Climate -
Week Ahead for FX, Bonds in Asia-Pacific: Focus Turns to Economic Data
After a week of multiple central-bank decisions around the globe, focus now turns to economic data as investors seek clues as to their next moves.The Wall Street Journal - World -
Americans pay a steep economic price for Washington’s failure to confront Russia and Iran
Long-term consequences from short-sighted policies in Europe, the Middle East and China.MarketWatch - Business - Iran -
Who owns the ship that struck the Francis Scott Key Bridge in Baltimore?
The Port of Baltimore is the ninth busiest port in the U.S. and supports hundreds of thousands of jobs.CBS News - Top stories -
Transportation Secretary Pete Buttigieg addresses economic toll of Baltimore bridge collapse
In the aftermath of the catastrophic collapse of the Francis Scott Key Bridge in Baltimore, U.S. Transportation Secretary Pete Buttigieg talks about the significant repercussions on national supply chains.CBS News - Politics -
Daniel Kahneman, Nobel-Winning Pioneer of Behavioral Economics, Dies at 90
Kahneman and his friend Amos Tversky, who died in 1996, upended traditional economic assumptions that people consistently act rationally and with their self-interest at heart.The Wall Street Journal - World -
Daniel Kahneman, Who Plumbed the Psychology of Economics, Dies at 90
He helped pioneer a branch of the field that exposed hard-wired mental biases in people’s economic behavior. The work led to a Nobel.The New York Times - Business