European banks look to recover from scandals in 2019

The Palestinian Health Ministry said five people had been killed and over two dozen wounded in the attack in the northern West Bank city of Jenin.

Jenin and its refugee camp have seen heightened violence between Israeli forces and Palestinian fighters over past weeks. While Israel claims the operation is to counter terrorism, international observers are concerned.

On July 12, the landmark Nature Restoration Law was adopted in a cliffhanger vote at the European Parliament. Our guest, prominent Finnish MEP Heidi Hautala – who's one the parliament's vice-presidents – says she is "relieved" that the EU parliament now has a position to negotiate with the member states. She applauds the law as "step towards combating climate change", and decries what she calls the use of "fake news and disinformation" by far-right as well as right-wing parties on the nature restoration issue.

Riad Salameh held the post for 30 years, but is now wanted in several European countries for alleged financial crimes. One of his vice-governors will temporarily take over.

As the first few hundred French and European nationals are evacuated from coup-hit Niger, the military governments of Mali and Burkina Faso say any foreign armed intervention in Niamey will be treated as a declaration of war against them all. Also, two protesters are killed in demonstrations that erupted in Senegal after opposition figure Ousmane Sonko was jailed on Monday.

The interest rate was increased to an anticipated 5.25%, the bank's 14th hike in a row. The bank is expected to continue with its policy of hiking the interest rate in the next months to combat inflation.

An undisclosed European government has bought dozens of second-hand tanks that once belonged to Belgium, according to the weapons dealer who sold them. The vehicles are to be stripped, repaired and then sent to Ukraine.

The Russian ruble hit its lowest level since March 2022 when the currency crashed following Moscow's invasion of Ukraine. Inflation, meanwhile, has remained persistently high.

Bankly, the popular Fintech company that specializes in payment processing through POS terminals, has today announced the launch of Bankly Microfinance Bank. The launch of Bankly Microfinance Bank marks a significant milestone in Bankly’s journey to provide accessible financial solutions to individuals and businesses across Nigeria.

The People's Bank of China announced it was cutting its key one-year interest rate for the second time in three months on Monday, but left its five-year rate unchanged.

Strengthening the New Development Bank (NDB) — or the so-called BRICS Development Bank — is top agenda of the BRICS summit agenda. Could the NDB, backed by the five emerging world economies: Brazil, Russia, China, India and South Africa, replace existing financial institutions, such as the IMF, in lending funds to developing nations?

The 30-year tenure of the former governor of the Bank of Lebanon Riad Salameh culminated in controversy, inquiries and sanctions. What role did the once respected financial authority play in Lebanon's economic collapse?