The Federal Reserve’s recent liquidity injections led to its lowest remittance to the Treasury since 2009, preliminary results show. The central bank handed over $54.9 billion to the Treasury, down from $65.8 billion in 2018.…
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© Reuters. FILE PHOTO: Farmers gather to mark the first anniversary of their protests on the outskirts of Delhi at Pakora Chowk near Tikri border, India, November 26, 2021. REUTERS/Anushree Fadnavis By Mayank Bhardwaj and…
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Following unrelenting pressure by the International Monetary Fund (IMF) and World Bank, the Nigerian government intends to eliminate its fuel subsidy in July 2022. Nigeria spent about N10 trillion (currently US$24.5 billion) on petroleum subsidies…
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Around two million years ago an ancient human relative, Australopithecus sediba, lived in what is today South Africa, nearby a cave called Malapa that’s a part of the Cradle of Humankind. Until recently, it was…
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2/2 © Reuters. FILE PHOTO: E85 ethanol fuel is shown being pumped into a vehicle at a gas station selling alternative fuels in the town of Nevada, Iowa, December 6, 2007. REUTERS/Jason Reed 2/2 By…
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Kenya’s central bank has been mulling the official use of a digital currency. More than 60 central banks have already entered the digital currency race since 2014. No details have been released in Kenya, but…
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The Sun hasn’t set in Antarctica since October. Earth’s southernmost continent is currently experiencing a long summer’s day, one that stretches from mid-October until early April. But on Saturday December 4, darkness will sweep across…
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There is no doubt the art of central bank communications is evolving constantly. Before 1994, the US Federal Reserve would not publish the results of its interest rate decisions. Senior central bank officials rarely…
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© Reuters. FILE PHOTO: The haze shrouded skyline of New York is a backdrop for a boat moving up the Hudson River in Hoboken, New Jersey August 3, 2006. REUTERS/Gary Hershorn (Reuters) – New York’s…
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Workplaces are adopting new forms of advanced automation at a rate that suggests a digital revolution in the making. Digital technologies such as sensorisation, networked data analytics, and artificial intelligence make it possible to collect…
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