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ECB reallocates subscribed capital after Brexit

ECB reallocates subscribed capital after Brexit

The European Central Bank will maintain its subscribed capital at €10.8 billion ($11.9 billion) following Brexit, the ECB said on January 30, but contributions will be reallocated. The Bank of England’s departure from the European…

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Oil prices slide on concern about new COVID variant By Reuters

Oil prices slide on concern about new COVID variant By Reuters

© Reuters. FILE PHOTO: An oil tanker waits in line in the ocean outside the Port of Long Beach-Port of Los Angeles complex, amid the coronavirus disease (COVID-19) pandemic, in Los Angeles, California, U.S., April…

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losers, winners and a possible solution

losers, winners and a possible solution

Recent inflation numbers from Nigeria are creating serious concern over the rising cost of food items in the country. But this is not Nigerians’ first encounter with food prices running hot, as the spikes date…

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Why are there so few impact craters on Earth?

Why are there so few impact craters on Earth?

Curious Kids is a series for children in which we ask experts to answer questions from kids. Why are there so few craters on Earth? (Ivon, 11, Butterworth, South Africa) Thank you for the great…

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FSB Commonwealth of Independent States (CIS) group discusses risks relating to high debt levels and crypto assets

FSB Commonwealth of Independent States (CIS) group discusses risks relating to high debt levels and crypto assets

Press enquiries: +41 61 280 8477[email protected] Ref: 34/2021 The Financial Stability Board (FSB) Regional Consultative Group (RCG) for the Commonwealth of Independent States (CIS) held a virtual meeting today. Members discussed vulnerabilities in…

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Mexico prepared to escalate auto content dispute with U.S, minister says By Reuters

Mexico prepared to escalate auto content dispute with U.S, minister says By Reuters

2/2 © Reuters. FILE PHOTO: Mexican Economy Minister Tatiana Clouthier gestures during an interview with Reuters in Mexico City, Mexico, on January 11, 2021. REUTERS/Dave Graham 2/2 By Sharay Angulo MEXICO CITY (Reuters) -Mexico’s Economy…

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Biden taps the Strategic Petroleum Reserve – What is it? Where did it come from? And does the US still need it?

Biden taps the Strategic Petroleum Reserve – What is it? Where did it come from? And does the US still need it?

President Joe Biden ordered a release of oil from its Strategic Petroleum Reserve on Nov. 23, 2021, as a part of a coordinated effort with five other countries to tamp down rising fuel prices. The…

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RBI’s training college for supervisors goes fully operational

RBI’s training college for supervisors goes fully operational

The Reserve Bank of India has formed a training college for supervisors, as part of a broader attempt to strengthen its supervisory work. The college has been conducting limited teaching online since May 2020, but…

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China non-committal on U.S. ‘drop in the ocean’ oil release By Reuters

China non-committal on U.S. ‘drop in the ocean’ oil release By Reuters

© Reuters. FILE PHOTO: A China Ocean Shipping Company (COSCO) vessel is seen near oil tanks at the China National Petroleum Corporation (CNPC)’s Dalian Petrochemical Corp in Dalian, Liaoning province, China October 15, 2019. REUTERS/Stringer.…

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The thousands of vulnerable people harmed by Facebook and Instagram are lost in Meta’s ‘average user’ data

The thousands of vulnerable people harmed by Facebook and Instagram are lost in Meta’s ‘average user’ data

Fall 2021 has been filled with a steady stream of media coverage arguing that Meta’s Facebook, WhatsApp and Instagram social media platforms pose a threat to users’ mental health and well-being, radicalize, polarize users and…

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