Oecd Calls on Central Banks to Keep Raising Rates
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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 -
A turning point in central banking
Last week’s monetary policy moves mark a shift away from strict inflation targetingFinancial Times - 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 -
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 -
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 -
Australia bank CEOs call for a fix to housing shortage
Yahoo News - World - Australia -
Bank of England Holds Interest Rates After U.K. Inflation Slows
Britain’s central bank held its key interest rate at the highest level in 16 years for the fifth straight meeting.The New York Times - Business - United Kingdom -
Janet Yellen warns China against clean energy dumping
US Treasury secretary tells Beijing its trade practices will distort markets and harm workersFinancial Times - Business - China -
Top Fed official says ‘no rush’ on rates after ‘disappointing’ data
Progress on taming price rises ‘has slowed and may have stalled’, according to Christopher WallerFinancial Times - Business - Federal Reserve -
$75,000 for a baby? South Korean businesses float incentives as demographic crisis looms
Companies and politicians try new strategies to encourage workers to start familiesFinancial Times - Business -
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 -
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 -
Bank of England policymaker says markets pricing in too many rate cuts; Co-op Bank to cut 400 jobs – business live
Catherine Mann says market pricing is helping the central bank do its work in bringing borrowing rates down. The pound has risen since her comments, up 0.2% to $1.2661.. Bank of England policymaker Catherine Mann said financial markets are pricing ...The Guardian - World -
AI risk management startup ValidMind raises $8.1M to help banks comply with regulations
ValidMind, a regulatory compliance platform for AI risk management at banks, raises $8.1 million in seed funding to automate model validation and documentation.VentureBeat - Tech - Artificial Intelligence -
Democrat Bush calls to repeal 'zombie statute' raised in abortion pill case
Democratic Rep. Cori Bush (Mo.) called for the Comstock Act to be repealed following the Supreme Court's oral arguments over mifepristone Tuesday, calling the 1873 bill a "zombie statute." The Supreme Court heard arguments from the federal ...The Hill - Politics - Abortion -
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.
A U.K. court upheld the conviction of Tom Hayes, the alleged ringleader of a conspiracy among big banks and brokers to rig interest rates during the global financial crisis.The Wall Street Journal - World -
US and EU differ over the future of fossil fuel subsidies in OECD talks
Second round of discussions ends without significant progress on export credit policiesFinancial Times - World -
Redefining Your Banking Relationship
Banking is a partnership, not a transaction. And it can help Black women overcome systemic financial hurdles.Inc. - Business -
The Lone Volcano in California’s Central Valley
Often called “the world’s smallest mountain range,” the Sutter Buttes are an unlikely and beloved landmark in one of the flattest parts of the state.The New York Times - Top stories - California -
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 -
Tractors brought to Parliament in farmers' protest
Farmers from across the UK drive tractors to Westminster to protest a lack of support for food producers.BBC News - Top stories -
Who will win the battle for the Central Division crown?
The Avs, Stars and Jets are battling for the No. 1 seed -- and the Preds could make a run. Plus, updated playoff projections, draft lottery standings.ESPN - Sports -
The Fed Stays the Course on Rates
Markets are cheering the central bank’s forecast for three interest rate cuts this year. But Fed policymakers are divided on the issue.The New York Times - Business - Federal Reserve -
Rates need to calm down
They’re being too loudFinancial Times - World -
Keeping Migrants on the Job
The White House can let more asylum seekers keep work permits.The Wall Street Journal - World -
Beware of 'bank jugging' this tax season, police warn
Police are warning the public about "bank jugging" this tax season.The Hill - Politics -
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 -
Why Biden Is Vowing to Raise Taxes
A “yes, new taxes” campaign violates every principle of American politics. But it’s the right choice for this moment.The New York Times - Top stories - Joe Biden -
BoE rate-setter warns against rushing to cut interest rates
Comments come after governor Andrew Bailey last week said interest rate cuts were ‘in play’Financial Times - Business -
Islamic State ‘recruiting from Tajikistan and other central Asian countries’
UN report reveals Islamist group which claimed Moscow attack has enlisted militants from other terror groups. Videos back IS claim it carried out Russia attackIslamic State launched a major recruitment drive last year aimed at militants from ...The Guardian - World -
How World Central Kitchen Built a Jetty to Get Aid Into Gaza
Workers with World Central Kitchen were still finishing a jetty made from the rubble of bombed buildings when a ship arrived carrying the first aid into the enclave by sea in nearly two decades.The New York Times - World -
Powerful storm brings heavy rain and snow to Central Plains and Midwest
A powerful storm brought heavy winds, snow and rain to the central United States on Monday, making travel hazardous and "nearly impossible" in some areas.NBC News - Top stories -
Flaco, Central Park Owl, Died With High Levels of Rat Poison in System
A necropsy conducted by the Bronx Zoo found that life-threatening levels of rat poison and a severe pigeon virus contributed to Flaco’s death last month.The New York Times - Top stories -
Blizzards, tornadoes possible as powerful storm threatens central US
A blizzard is set to bury much of the plains and upper Midwest in as much as a foot of snow between Sunday and Monday as an unseasonable weather system tracks east across the country. Meanwhile, heavy thunderstorms could bring tornadoes to the ...The Hill - Politics -
Abortion Pill Dispute Centers on Central Question: Who Can Sue?
The parties in the fight over access to the abortion pill sharply disagree on whether anti-abortion doctors and groups can show they will suffer harm.The New York Times - Health - Abortion -
Just how important is a settled central defence in the Premier League? | Oliver Hopkins
Arsenal have gone top of the table with a steady defence, whereas Manchester United keep chopping and changing. By Oliver Hopkins for Opta Analyst. A solid centre-back partnership has been the foundation of many of the Premier League’s best sides. ...The Guardian - World -
After Moscow attack, migrants from Central Asia hit by backlash
Migrants in Russia reported an uptick in xenophobia after Moscow said Tajiks were behind last week's attacks.BBC News - Top stories