US dollar: How the currency’s ascent creates headwinds to US businesses
30 October 2022 | 3:37 pm
Currencies are depreciating around the world and wreaking havoc on economies. But as the strong US dollar hits foreign demand, some American businesses are also experiencing painful losses.
27 Oct 2019
Facebook's Libra, billed as an alternative to traditional banking, has sparked concerns from central bankers and regulators around the world. The currency has been criticized as a threat to sovereignty and stability.
5 Dec 2019
Whatever is behind the recent plunge in foreign investment in Germany, the country needs to work on its infrastructure and digitization strategy to stay strong, according to a new report by KPMG.
25 Jun 2020
Nigeria’s President Mohammadu Buhari has expressed displeasure about Francophone West Africa’s adoption of the Eco in replacement for its CFA Franc ahead of other ECOWAS Member States. Buhari says it was a matter of concern that people with whom others wished to go into a union were taking major steps without trusting their counterparts for discussions. Tilewa Adebajo, CEO of CFG Advisory joins CNBC Africa for more.
23 Sep 2020
West Africa's aspirations for a single currency hit a setback after its leaders met in Niamey for a one-day summit earlier this week and passed a resolution to delay the proposed adoption until all critical issues are resolved.
20 Sep 2020
COVID-19 has disrupted the global business ecosystems with Africa’s hospitality industry not exempted from the effects of the pandemic. The Radisson Hotel Group with just under 100 hotels across Africa is aiming to grow that number to 150 in the next 5 years. Moyo Ogunseinde, Executive Director of Anchorage Leisures, the company that owns Radisson Blu Anchorage joins CNBC Africa for more.
6 Oct 2020
China's central bank has made steady advances in its goal of launching the world's first major sovereign digital currency. As the EU begins prepping a digital euro, DW considers the impact of the digital yuan.
27 Dec 2020
Hundreds of angry Iraqis protest in several cities against a currency devaluation that has slashed their purchasing power amid a pandemic-fuelled economic crisis. The Central Bank of Iraq (CBI) at the weekend devalued the currency by over a fifth against the US dollar, officially re-pegging the dinar at a bank rate of 1,460 to the greenback.
17 Jan 2021
The fallout from the Capitol siege has begun to hit the Republican party in the wallet with major businesses cancelling their political contributions.
22 Feb 2021
The change is a key reform demanded by foreign donors and the International Monetary Fund (IMF). The country is hoping to overhaul its debt-laden, inflation-hit economy.
26 Feb 2021
Vice President Yemi Osinbajo has disagreed with the Central Bank of Nigeria to ban Crypto-Currencies transactions in the country. Osinbajo spoke at the CBN/Bankers Committee’s Initiative for Economic Growth in Lagos and called on the CBN and the Securities and Exchange Commission to put in place a robust framework for the regulation of Crypto-Currencies. The CBN had ban Crypto-Currencies usage in Nigeria a few weeks ago.
10 Jun 2021
Here are a few reasons to pick up a copy of The Guardian on Friday. Find these stories and much more when you grab a copy of The Guardian on Friday.
3 Jul 2021
US IT company Kaseya urged its customers to shut down their servers after hackers smuggled ransomware onto its network. Such attacks infiltrate widely-used software and demand ransom to regain access.
Reports on current world affairs. The people behind the news, the feelings along with the facts. The week’s key stories – that’s what World Stories is all about.
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