Poor management and ineffective supervision often trigger bank failures, and may outweigh macro factors as causal or aggravating conditions. Bad management and weak supervision are closely bound up together. Irrespective of the macro context, when…
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© Reuters. FILE PHOTO: Installations of the Limetree Bay petroleum refinery are seen in St Croix, U.S. Virgin Islands June 28, 2017 when they were owned by Hovensa. REUTERS/Alvin Baez By Laura Sanicola (Reuters) –…
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An EU/UK plan to ban their insurers from providing cover to ships transporting Russian oil is causing tensions with Washington. America contends that Europe’s dominance of global insurance will make it very difficult for Russia…
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I woke up on Friday morning a pawn in a Kafka-esque story. Except I hadn’t been transformed into a chess piece but was a diplomatic pawn, a small player in a much larger international story.…
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© Reuters. An aerial view shows oil tanks of Transneft oil pipeline operator at the crude oil terminal Kozmino on the shore of Nakhodka Bay near the port city of Nakhodka, Russia June 13, 2022.…
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Often when one thinks or writes about urbanisation in Africa, mega-cities or primary cities like Lagos, Nairobi, Addis Ababa or Kampala, come to mind. Little, however, is written about places like Gabés in Tunisia, Touba-Mbacké…
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National Bank of Romania board room In November 2021, Mario Marcel – then governor of the Central Bank of Chile – appeared before a Chilean constitution committee.1 Among the battery of questions he faced about the…
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You wouldn’t know it from the torrential rains that have inundated large parts of New South Wales and Queensland this year, but average late-autumn rainfall over southeast Australia has declined significantly since the 1990s. Less…
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© Reuters. FILE PHOTO: A worker feeds chickens with maggots at a Biomagg office in Depok, on the outskirts of Jakarta, Indonesia, November 23, 2021. REUTERS/Ajeng Dinar Ulfiana By Chen Lin and Bernadette Christina SINGAPORE/JAKARTA…
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LaMDA is Google’s latest artificial intelligence (AI) chatbot. Blake Lemoine, a Google AI engineer, has claimed it is sentient. He’s been put on leave after publishing his conversations with LaMDA. If Lemoine’s claims are true,…
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