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Kenya’s new finance minister has good credentials but he can’t work miracles

Kenya’s new finance minister has good credentials but he can’t work miracles

President William Ruto has nominated Njuguna Ndung’u to head Kenya’s National Treasury. A Central Bank of Kenya governor for eight years between 2007 and 2015, Ndung’u is also an accomplished researcher and a University of…

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China, Hong Kong, Thailand and UAE complete cross-border CBDC test

China, Hong Kong, Thailand and UAE complete cross-border CBDC test

The central banks of China, Hong Kong, Thailand and the United Arab Emirates have completed a cross-border digital currency trial co-ordinated by the Bank for International Settlements. The central bank digital currency (CBDC) trial ran…

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Some coronaviruses kill, while others cause a common cold. We are getting closer to knowing why

Some coronaviruses kill, while others cause a common cold. We are getting closer to knowing why

It’s hard to imagine a time when “coronavirus” wasn’t a household word. But for a long time, this family of viruses had merited very little attention. Believed to be ubiquitous among animals and avian species,…

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OPEC+ mulls largest cuts since 2020 pandemic crisis By Reuters

OPEC+ mulls largest cuts since 2020 pandemic crisis By Reuters

© Reuters. FILE PHOTO: The logo of the Organization of the Petroleum Exporting Countries (OPEC) in Vienna March 16, 2010. REUTERS/Heinz-Peter Bader/File Photo LONDON (Reuters) – The OPEC+ group of oil producers is discussing output…

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How Hurricane Ian and other disasters are becoming a growing source of inequality – even among the middle class

How Hurricane Ian and other disasters are becoming a growing source of inequality – even among the middle class

Friendswood, Texas, is the type of community that one might think of as a “best case scenario” when it comes to recovering from a disaster. It is a small tight-knit town with well-resourced residents and…

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South African vice chancellor reflects on what’s next

South African vice chancellor reflects on what’s next

We live in a world characterised by inequality, poverty, economic volatility, globalisation, climate change and ambiguity. In my own country, South Africa, residents have to navigate socioeconomic and political instability, power and water cuts, homelessness,…

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China’s spot copper premium to stay elevated as demand improves By Reuters

China’s spot copper premium to stay elevated as demand improves By Reuters

2/2 © Reuters. FILE PHOTO: FA worker loads copper cathodes into a warehouse near Yangshan Deep Water Port, south of Shanghai, China, March 23, 2012. REUTERS/Carlos Barria/File Photo 2/2 By Mai Nguyen and Siyi Liu…

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more inflation and an even weaker pound

more inflation and an even weaker pound

With UK government bonds and sterling both falling hard in recent days, the Bank of England has been forced to step in. Only a few months after it started tightening monetary policy to fight inflation…

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Managing risk with ETFs – Central Banking

Managing risk with ETFs – Central Banking

The Panel Malick Dioume, Director, Risk Management, Bank of Haiti Reinhold Felber, Head of Reserve Management, Operations Department,Central Bank of Luxembourg Hatem Ibrahim, Chief Financial Officer, Central Bank of Egypt Jarno Ilves, Head of Asset Management,…

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Israel upbeat on draft Lebanese demarcation deal, sees gas profit-sharing By Reuters

Israel upbeat on draft Lebanese demarcation deal, sees gas profit-sharing By Reuters

© Reuters. Prime Minister of Israel Yair Lapid addresses the 77th Session of the United Nations General Assembly at U.N. Headquarters in New York City, U.S., September 22, 2022. REUTERS/Mike Segar By Dan Williams JERUSALEM…

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