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RBA moves back into profit

RBA moves back into profit

The Reserve Bank of Australia has reported a A$3.8 billion ($2.8 billion) profit in 2018, up from a $657 million loss in 2017, the annual report of the central bank says. The turnaround in profit…

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what’s behind record floods across the Southern Hemisphere?

what’s behind record floods across the Southern Hemisphere?

From February to May 2022, many places in Queensland, New South Wales and Western Australia have seen record-breaking daily and monthly rainfall. Repeated periods of persistent and intense rain have caused devastating and widespread floods.…

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Ukraine’s embattled farmers running on empty as world faces food crisis By Reuters

Ukraine’s embattled farmers running on empty as world faces food crisis By Reuters

4/4 © Reuters. FILE PHOTO: Ears of wheat are seen in a field near the village of Hrebeni in Kyiv region, Ukraine July 17, 2020. REUTERS/Valentyn Ogirenko 2/4 By Gus Trompiz and Bozorgmehr Sharafedin PARIS/LONDON…

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How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors’ expectations

How a sustainability index can keep Exxon but drop Tesla – and 3 ways to fix ESG ratings to meet investors’ expectations

A major stock index that tracks sustainable investments dropped electric vehicle-maker Tesla from its list in May 2022 – but it kept oil giant ExxonMobil. That move by the S&P 500 ESG Index has set…

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Saudi foreign minister does not expect immediate global oil shortage By Reuters

Saudi foreign minister does not expect immediate global oil shortage By Reuters

© Reuters. FILE PHOTO: An oil tanker is being loaded at Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia May 21, 2018. REUTERS/Ahmed Jadallah/File Photo DAVOS, Switzerland (Reuters) – Saudi Arabia…

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world’s biggest port is returning to normal, but supply chains will get worse before they get better

world’s biggest port is returning to normal, but supply chains will get worse before they get better

Shanghai is slowly emerging from a gruelling COVID lockdown that has all but immobilised the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been…

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why Mastercard’s new face recognition payment system raises concerns

why Mastercard’s new face recognition payment system raises concerns

Mastercard’s “smile to pay” system, announced last week, is supposed to save time for customers at checkouts. It is being trialled in Brazil, with future pilots planned for the Middle East and Asia. The company…

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Overhaul of RBA archive sees a third of records digitalised

Overhaul of RBA archive sees a third of records digitalised

The Reserve Bank of Australia is digitising a substantial portion of its archives in an effort to give members of the public better access to the central bank’s records. As part of its quarterly review,…

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FSB Europe Group discusses regional vulnerabilities, crypto-assets and climate change

FSB Europe Group discusses regional vulnerabilities, crypto-assets and climate change

Press enquiries: +41 61 280 8477press@fsb.org Ref: 15/2022 The Financial Stability Board (FSB) Regional Consultative Group for Europe today in Stockholm held their first in-person gathering since the onset of the COVID-19 pandemic. …

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Oil prices inch lower on concerns over recession, China COVID curbs By Reuters

Oil prices inch lower on concerns over recession, China COVID curbs By Reuters

© Reuters. FILE PHOTO: A maze of crude oil pipes and valves is pictured during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016. REUTERS/Richard…

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