Turkey has structure for default scenario, Says Saxo Bank’s Hardy
03 August 2018 | 3:43 pm
John Hardy, head of FX strategy at Saxo Bank, discusses the state of the Turkish economy as inflation hits a 15 year high.
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23 Oct 2021
Frontline worker Ahmad al-Enezi struggles are similar to that of many other members of Kuwait's stateless community, as the Gulf country pushes to determine their status, in the latest chapter of what its critics see as an enduring human rights abuse.
24 Oct 2021
Palestinian residents will now be able to move freely through checkpoints in the territory. Israel took control of the West Bank in 1967.
26 Oct 2021
Israel is planning to build more than 1,300 more homes in the occupied West Bank. The number adds to some 2,000 approved in August and increases fears for an already elusive peace process.
27 Oct 2021
Report: Africa to see less funding for fossil fuels - Nigeria introduces eNaira digital currency - Solar powered vehicles made in Germany?
27 Oct 2021
Benefitting from soaring demand for online ads, Google's parent company Alphabet reported nearly $19 billion in profits between July and September, up 68 percent from the same period last year. Microsoft's earnings also beat expectations, while French consumers are gearing up for some price hikes at the bakery.
6 Nov 2021
The Biden administration has said it "opposes" the advancement of Israeli settlements in the West Bank. The move is a shift from the open support of settlements from ex-President Trump.
8 Nov 2021
Bar owner Mohamed Lamin Mansaray told everyone to run away from his bar just before a fuel tanker exploded following a traffic collision, killing at least 99 people and injuring hundreds more on Friday (November 5) in Sierra Leone. The explosion destroyed Mansaray's business killing a staff member and destroying his home, which he had built for himself and his 10 family members. "We are getting into festive season....I have just purchased a brand new musical set, lots of drinks from the Sierra Leone brewery and chairs that worth about Le 270,000,000 (24,700 USD). Property that I have lost and one of my staff died”, said Mansaray while pointing at what is left of his business.
26 Nov 2021
The Monetary Policy Committee of the Central Bank of Nigeria (CBN) has voted unanimously to retain the benchmark interest rate (MPR) at 11.5%, whilst keeping all other monetary parameters constant.
25 Nov 2021
Kenyan police stormed an attempted bank robbery in the western city of Kisumu, with officers spending several hours in a gunfight with the robbers, a senior government official said.
1 Dec 2021
The World Bank is backing Nigeria’s quest to get rid of fuel subsidy. The Country Director of the World Bank Shubham Chaudhuri, who led his team on a courtesy visit to The Guardian Group on Tuesday, November 30, explained why fuel subsidy is not sustainable. Chaudhuri, nevertheless, advised the Nigerian government to build consensus before its scheduled removal of the controversial subsidy policy.
4 Dec 2021
In October, the Central Bank of Nigeria launched the hugely-anticipated eNaira, joining the small league of countries to own their digital currency. But it hasn’t been smooth sailing for the currency that, according to the CBN, offers more possibilities. What do you think about the eNaira? How would you describe your experience with the eNaira app?
25 Dec 2021
2021 brought big changes to households and businesses around the world. In the last show of the season, Stephen Carroll and Kate Moody take a look at some of the biggest business and economic stories of the year and how they might evolve in 2022.
12 mins ago
Despite the pandemic and a huge crisis in the aviation industry, Lufthansa has launched a new airline. Eurowings Discover flies to holiday destinations in Africa. Staff are paid less than at parent company Lufthansa, but are happy to have work after the pandemic.
12 mins ago
More and more Iranian students, including schoolchildren, are joining the protest wave. Iranian security forces are resorting to increasingly brutal measures to quell the demonstrations.
14 mins ago
The United Nations Secretary General Antonio Guterres says Russia and Ukraine must cease military activity near the Zaporizhzhia nuclear plant and agree on a security zone. He warned that any damage could "spell catastrophe" for the region and beyond.
2 hours ago
5 hours ago