The Case for Lowering Interest Rates Amidst Inflation Concerns
In a delicate economic balancing act, the Bank of England faces a pivotal decision on interest rates. The prevailing debate centers on whether to raise the Bank Rate to 5.5% or keep it at the current 5.25%. However, this discussion may be misdirected. The critical question at hand should be whether a cut to 5% or maintaining the status quo is the more reasonable course of action. This article presents a compelling case for an interest rate cut in a bid to counterbalance the challenges posed by inflation while averting the looming risk of an economic recession.
How sanctions complicated day-to-day banking for Russians
Financial sanctions against Russia have strangled its banks’ profits and wrecked many lenders’ international operations, but one year after Moscow sent its troops into Ukraine how much do they matter for average Russians?
Exclusive: Goldman Sachs on hunt for bargain crypto firms after FTX fiasco
Goldman Sachs plans to spend tens of millions of dollars to buy or invest in crypto companies after the collapse of the FTX exchange hit valuations and dampened investor interest.
EXCLUSIVE Chinese defence firm has taken over lifting Venezuelan oil for debt offset -sources
China has entrusted a defence-focussed state firm to ship millions of barrels of Venezuelan oil despite U.S. sanctions, part of a deal to offset Caracas’ billions of dollars of debt to Beijing, according to three sources and tanker tracking data.
Ukraine economy could grow by 15.5% in 2023 after deep fall – minister
Ukraine’s economy should stabilise over the coming year and expand by as much as 15.5% in 2023, depending on military developments in the war against Russia that began on Feb. 24, the country’s economy minister told Reuters in an interview.
Exclusive: Televisa, Univision to launch Spanish-language streaming platform in first half
Mexican broadcast powerhouse Grupo Televisa and U.S. based Univision (UVN.UL) are preparing to launch what would be the biggest Spanish-language streaming platform in the world in the first half of 2022 after sealing a joint venture deal on Monday, the head of Televisa told Reuters.
EU asks AstraZeneca to deliver 120 million vaccines by end of June
The European Union wants AstraZeneca to deliver at least 120 million doses of its COVID-19 vaccine by the end of June, a lawyer representing the EU said on Tuesday at the opening of a legal case against the company over delayed supplies. The lawyer was speaking in a Belgian court as proceedings in the second […]
California program overestimates climate benefits of forest offsets -study
California’s forest carbon offset program has generated tens of millions of credits that have questionable value in fighting climate change, a nonprofit group of scientists said this week. CarbonPlan, a group that researches the integrity of programs designed to offset carbon emissions, said that 29% of the forest carbon offsets it analyzed in California’s cap […]
