US president Joe Biden announced he would nominate Jerome Powell for a second term as chair of the Federal Reserve Board of Governors today (November 22), ending a period of feverish speculation over the role.…
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© Reuters. FILE PHOTO: Chevron fracking site near Midland, Texas, U.S. August 22, 2019. REUTERS/Jessica Lutz By Liz Hampton (Reuters) – As the Biden administration and allies scramble to deliver more oil to market through…
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South Africa’s National Treasury has done an excellent job in the 2021 medium term budget policy statement of balancing the fiscal and political pressures forced on it by economic stagnation and the incoherence of government…
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Press enquiries: +41 61 280 8477[email protected] Ref: 33/2021 The Financial Stability Board (FSB) today published the 2021 list of global systemically important banks (G-SIBs) using end-2020 data and an assessment methodology designed by the Basel…
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© Reuters. FILE PHOTO: An oil storage tank and crude oil pipeline equipment is seen during a tour by the Department of Energy at the Strategic Petroleum Reserve in Freeport, Texas, U.S. June 9, 2016.…
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After decades of sowing doubt about climate change and its causes, the fossil fuel industry is now shifting to a new strategy: presenting itself as the source of solutions. This repositioning includes rebranding itself as…
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Some 4.5 million years ago, during the early Pliocene epoch, Kenya’s Lake Turkana looked very different than it does today. Grasslands and open woodlands were spreading in cooler, drier climates. Competition for C4 grasses –…
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Australia’s central bank is increasing its research into digital currencies, despite its scepticism about the case for issuing one, its head of payment policy said. The risk of private sector initiatives dominating the payment space…
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© Reuters. FILE PHOTO: The logo of the Nord Stream 2 gas pipeline project is seen on a large diameter pipe at the Chelyabinsk Pipe Rolling Plant owned by ChelPipe Group in Chelyabinsk, Russia, February…
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The person who helms the Federal Reserve is one of the most powerful figures in the world. Their job is also one of the most impactful on the lives of ordinary Americans, not to mention…
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