China signals bank reserve cut to boost economy
14 September 2019 | 7:27 am
China’s cabinet signaled that a reduction in the amount of funds banks have to hold in reserve is on the way, in a move aimed at releasing cash into the slowing economy. The State Council called for the “timely” use of tools including broad and targeted reserve-ratio cuts to support the economy, according to a statement following a meeting chaired by Premier Li Keqiang. Bloomberg's Selina Wang explains on "Bloomberg Daybreak: Asia."
February 19, 2023
March 3, 2023
Nigerian politicians traditionally give voters cash in return for their votes. New regulations and a cash crunch now means that they are unlikely to have large sums of cash to disburse before the elections. This is the focus of this week's episode of DW Africa's The Flip Side series.
Analysts say the acute shortage of naira notes caused by the currency redesign policy that has crippled Nigeria in the run up to Saturday’s election may have reduced vote buying by political parties.
The US Federal Reserve faces a tricky balancing act, as it tries to navigate high inflation and instability in the banking sector. Alexander Yokum, of CFRA Research, says the collapse of Silicon Valley Bank and Signature Bank could affect the Fed's next interest rate decision, despite a 6 percent jump in consumer prices.
As Nigeria's Central Bank tries to rebuild trust following a disastrous introduction of new naira bills, customers' faith in the financial system is being tested, as many still battle to obtain cash.
The US Federal Reserve has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. But the central bank has signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking sector.
With Pakistan's economic turmoil worsening, those in poverty are suffering most. The country is in the midst of a serious financial crisis caused by a long delay in the $1.1 billion bailout from the IMF.
The Nigerian National Petroleum Company says it will start paying in cash for petrol imports as it ends the direct sale direct purchase contracts with foreign refiners. Kola Karim, the CEO of Shoreline Group, joins CNBC Africa for this discussion.
Beyonce’s mother, Tina Knowles, has reportedly had over $1 million in jewelry and cash stolen from her home. According to TMZ, police said that a safe full of valuables was reported stolen from the LA estate. Knowles is believed to have been out of town when the alleged incident occurred. The break-in was discovered on Wednesday morning when a member of Knowles' team stopped by the home, per TMZ.
Not even the pouring rain could spoil Lionel Messi's Inter Miami welcome party on Sunday (July 16) in Fort Lauderdale, Florida, where the new face of Major League Soccer was introduced to a packed stadium of adoring fans.
Find these stories and much more when you grab a copy of The Guardian on Wednesday.
Find these stories and much more when you grab a copy of The Guardian on Thursday.
In the aftermath of the coup in Gabon on Wednesday, videos have emerged that appear to show officials being caught red-handed with suitcases stuffed full of cash. Emerald Maxwell takes a look at what we know about the arrest of several people in the entourage of Gabon's deposed President Ali Bongo for alleged corruption and treason.
6 mins ago
With Turkey in the grip of inflation rates running at over 40%, a high not seen in decades, soaring prices are one of the main issues in the presidential and parliamentary elections on May 14. Some of the most severe impacts of the crisis have been felt by businesses and people alike in Istanbul, Turkey's largest city and the country's economic heart.
1 hour ago
For us at The Guardian, where our motto is "Conscience nurtured by Truth," truth is a multifaceted gem, reflecting different realities and lived experiences. Follow our Truthtellers Campaign: a platform amplifying the voices of those whose stories deserve to be heard. Join us on this journey as we explore the diverse tapestry of truth, celebrating the courage and resilience of individuals who share their stories with the world.
2 hours ago
The former Eintracht Frankfurt and Nigeria midfielder believes that Germany's top-flight football league has opportunities to grow in the African market. However, many clubs still need to find ways to make it happen.
2 hours ago
The WHO has called on governments worldwide to increase taxes on alcohol and sugary drinks in order to drastically curb the number of people dying from drinking and unhealthy diets.
2 hours ago
Traditionally, "Black Piet" has accompanied St. Nicholas in the run-up to Christmas, handing out sweets in blackface and a curly wig. Nowadays, many see this figure as symbolizing a racist and colonialist mentality.
Get the latest news delivered straight to your inbox every day of the week. Stay informed with the Guardian’s leading coverage of Nigerian and world news, business, technology and sports.