Bank of America’s $22.6 Billion 2Q revenue tops estimates
16 July 2018 | 1:30 pm
Bank of America Corp. reported second-quarter results that saw revenue top estimates while net income rose 33 percent. Bloomberg Intelligence's Alison Williams reports on "Bloomberg Daybreak: Americas."
16 Jul 2022
Despite criticism from US President Joe Biden's administration, Israel has given the go-ahead for the construction of 3,000 new settler homes in the occupied West Bank. They are the first to be approved by the new Israeli coalition.
21 Jul 2022
Soaring inflation is prompting the bank to raise interest rates from current historic lows. The move could put a brake on rising prices but might also dampen growth.
5 Aug 2022
Drug cartels in Latin America are now making more money from synthetic drugs like fentanyl than the illicit substances the continent is best known for, like cocaine and marijuana.
7 Aug 2022
The Bank of England has warned that Britain is facing a recession as it hiked its benchmark interest rate by 0.5%.
Nigeria has successfully secured the support from the World Bank with a commitment to help the country phase out petrol subsidies and meet up with its Energy Transition plan. This follows meetings between Nigeria’s Vice President and World Bank Group President David Malpass. Other meetings are currently underway with U.S. officials and development partners.
Israeli authorities are pushing to impose new restrictions on foreigners who wish to visit or live in the West Bank. Human rights groups say the measures will have serious consequences for thousands of people who are married to or in relationships with Palestinians. The regulations, which were due to come into effect this week, have now been amended and their implementation delayed until October after being challenged in the courts.
Five banks were stormed by desperate depositors in Lebanon Friday making it seven heists this week alone. Those "liberating" their money have been greeted as heroes. Banks are now regrouping.
Sweden's Riksbank has kicked off what's expected to be a series of interest rate hikes around the world, as central banks struggle to curb inflation. The 100 basis point hike is Sweden's biggest in three decades, in response to a cost-of-living crisis that's affecting households and businesses.
Many central banks around the world are following the lead of the US Federal Reserve and raising their benchmark interest rates in order to rein in inflation. The Bank of Japan, however, is marching to the beat of its own drum. At a policy meeting this Thursday, the bank maintained its ultra-loose monetary policy in a bid to spur more internal demand. Meanwhile, the yen and many other currencies continue to fall against the dollar.
The Bank of England has warned that the UK economy may already be in recession, as it hikes interest rates for the seventh time to combat the spiralling pace of price rises. Inflation is still hovering nearly 40-year highs at just under 10 percent.
The Bank of England has launched a £65 billion emergency bond-buying programme, in an effort to calm the markets and avert a financial crisis. The "unprecedented" support comes amid mounting criticism of the government's plan to slash taxes.
1 day ago
We take a look at how the press is covering the earthquake in Turkey and Syria, and how, for some, the tragedy is both a natural disaster story but a political one as well. We also discuss controversies over the Grammy Awards and a trans Harry Potter video game character.
1 day ago
As European countries struggle to reach their targets on reducing carbon emissions, one small landlocked country in central Asia stands as an example to the world. With nearly three quarters of its territory covered by woodland, Bhutan, with a population of around 780,000, claims to be a carbon-negative economy.
1 day ago
Glaciers are increasingly threatened by climate change. The French Alps are home to more than 4,000 of these fascinating natural monuments, of which 80 to 90 percent are set to disappear by 2100 due to global warming.
1 day ago
Aid, personnel and equipment is arriving from around the world following the devastating earthquakes that have killed over 2,000 people in Turkey and Syria.
1 day ago
"Clan wars are what damage our communities the most," young men and women of the Muslim part of Mindanao tell DW. Conflict between families is driving intergenerational conflict and preventing girls from going to school.
1 day ago
US oil company ExxonMobil recorded a net profit of $56 billion last year, beating its previous 2008 record. It benefitted from a surge in prices following the Russian invasion of Ukraine and a cost-cutting drive during the pandemic.