Is the UK in a recession? How central banks decide and why it’s so hard to call it: The Bank of England has indicated that the UK may have already entered a recession based on preliminary data. Craig Hastings / Shutterstock Last week, UK chancellor Kwasi Kwarteng launched a bid to boost economic growth with …
Cost of living: four ways to stop banks and companies using complex maths against you: You can do it. Krakenimages.com/Shutterstock The cost of living crisis is dominating headlines at the moment. With so much conflicting information flying around, it can be hard to work out what is the best way to look after your household …
Foreign banks are absent in Nigeria. We tracked down why: Central Bank of Nigeria, Ibadan zonal office. Wikimedia Commons Privately owned Nigerian banks hold 94% of Nigerian banking assets. Only one other country in the world – Israel – has a higher share of ownership by local banks. The share of banking assets is the …
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Food banks: an MP claimed there’s no massive use for them in the UK – the evidence shows why he’s wrong: Dragana Gordic / Shutterstock There is no “massive use for food banks” in the UK, according to Lee Anderson, the Conservative MP for Ashfield. However, figures and evidence from food bank organisations, charities and …
Renewable energy: US tax credits for wind and solar mostly benefit big banks: How can countries build renewable energy at the scale and rate needed to prevent dangerous climate change? The plan so far has been to try and make the cost of generating electricity from renewable sources cheap enough to compete with fossil fuels. …
The race to protect the food of the future – why seed banks alone are not the answer: ThomasLENNE/Shutterstock.com Last summer I grew three varieties of corn in my tiny garden. I knew from the start that my harvest, if any, would be meagre. The plants would be hindered by poor soils, assertive pigeons and, worst …
Inflation will probably melt away in 2022 – central banks will do far more harm trying to tackle it: It remains to be seen whether the omicron variant will shift Sars-CoV-2 towards becoming manageably endemic. But as and when this happens, there will still be “long COVID” to contend with. The latest headlines about inflation – …
A climate-vulnerable country’s experience at a UN summit: ignored, overlooked, then targeted by investment banks: The recent COP26 climate summit in Glasgow served the interests of rich, industrialised nations over those of the poor and climate vulnerable countries. This was another missed opportunity. While most of the countries most vulnerable to climate change sought urgent …
African development banks need scale, urgently. Here’s how it can be done: The African Development Bank Group headquarters in Le Plateau, the business district of the Ivorian capital Abidjan. Issouf Sanogo /AFP via Getty Images Developing countries in general, and African countries in particular, confront an enormous financing challenge to meet the UN’s sustainable development …
South Africa in the news: Rand Slumps to Lowest This Year After Central Bank’s Dovish Hike: An interest-rate increase by South Africa’s central bank provided little support for the rand, which fell to its weakest levels this year. While the South African Reserve Bank delivered on market …: “South Africa” – BingNews Why the West …
Central banks and climate change: how they can play a role in managing the fallout: People, Planet and Prosperity was on the agenda of the G20 Finance Ministers and Central Bank Governors' meeting in February 2021. G20 Italy Finance Media / Handout/Anadolu Agency via Getty Images Climate change is a devilishly complex challenge that affects …
Green lending: world’s biggest banks’ latest initiative at COP26 is a step backwards: Over 450 of the world’s banks have committed to a new initiative at the COP26 UN Climate Change Conference which is designed to decarbonise their investments. Overseen by former Bank of England supremo Mark Carney, the banks and other financial institutions signing …
Why climate change poses a threat to central banks: Ahead of a day of talks on climate finance at the COP26 climate change summit in Glasgow, the former Bank of England governor Mark Carney announced the launch of a coalition of financial companies committed to hitting net zero by 2050. The Glasgow Financial Alliance for …
Ghana’s rice farmers need finance for new technologies, but banks don’t trust them: Farmers harvesting rice DeAgostini/Getty Images New farming technologies have the potential to improve livelihoods and food security in Sub-Saharan Africa. Better seed varieties, soil fertility practices and pest management can all increase productivity. A United Nations Development Programme report says growth in …
South Africa in the news: How Banks Can Lose Billion to Cybercash Highways: The latest buzzword in the world of digital money is “Model 3,” a moniker for information highways on which funds will zip from one country to another. Banks ought to worry. Their cross-border …: “South Africa” – BingNews Lizelle Lee guides South …
South Africa in the news: South African bank copies Zimbabwean banks’ lite account model: South Africa has a new bank called Bank Zero. Its operating model will sound very familiar to Zimbabweans. The bank is targeting mainly those who are …: “South Africa” – BingNews Pant among Top 10 Indian Batsmen…: Pant among Top 10 …
South Africa in the news: South Africa Stocks Near a Record as Rand Boosts Banks: The South African stock market opener will be discontinued from Aug. 9. For more coverage of this market, see the daily Inside South Africa column. Click here to manage your subscriptions. South …: “South Africa” – BingNews Athletics: Namibian teenagers …