It’s a day of uncertainty for the U.S. economy.
Tag: Banking and Financial Institutions
Your Wednesday Briefing: Xi Accuses the U.S. of ‘Suppression’
Also, the U.S. central bank may raise interest rates higher than expected.
Biden’s World Bank Pick Looks to Link Climate and Development Goals
Ajay Banga will begin a monthlong “global listening tour” to drum up support for his nomination to be the bank’s next president.
Rules to Curb Illicit Dollar Flows Create Unintended Hardships for Some Iraqis
The regulations were meant to prevent dollar transfers to corrupt actors. But they have ended up harming ordinary Iraqis who need U.S. currency for legitimate purposes.
Supreme Court Wrestles With Suit Claiming Twitter Aided Terrorists
The case, arising from an attack in Istanbul, was a companion to a case argued a day before that tested a shield for technology platforms.
Ahead of Nigeria’s Election, a Cash Shortage Causes Chaos and Suffering
Nigeria’s government changed the currency design before the presidential election, causing shortages and wreaking social havoc.
Biden Weaves Climate Into Economy and Regulations With Two Key Picks
The president adds climate champions Lael Brainard as his top economic adviser and Richard Revesz as his regulations chief.
King Charles III Is the New Face of U.K. Money
Pound notes with the new sovereign’s image will begin appearing in 2024, though money with his mother’s likeness will still be in circulation.
Russia Central Banks Keeps It’s Key Interest Rate Steady Amid Inflation
The country’s central bank said inflation, at 12 percent, risked rising because of a growing budget deficit.
A Powerful Climate Leader From a Small Island Nation
Mia Mottley, the prime minister of Barbados, has been drawing attention to the environmental and financial threats faced by small and vulnerable countries like hers.