Banking

World Bank Pumps Billions into Fossil Fuels
World Bank Pumps Billions into Fossil Fuels
Exploiting a “trade finance” loophole, the bank dumped an estimated $3.7 billion into oil and gas projects in 2022, finds an analysis by the German research group Urgewald
26.09.2023
Report to G20 summit glosses over problems in global financial system
Report to G20 summit glosses over problems in global financial system
Sometimes it is hard to know whether statements issued by financial authorities are aimed at fooling themselves, the organisations to which they are being delivered or whether, they consider it best not to say too much in public documents lest this “frightens the horses”
07.09.2023
The World Bank’s Way of Tracking Inequality
The World Bank’s Way of Tracking Inequality
“Leaving the rich out of the equation.” Sam Pizzigati reports on the protest by economists worldwide against the World Bank’s “shared prosperity” method of tracking gaps in income and wealth
08.08.2023
The Slush Fund of the Third Reich is in Demand Again
The Slush Fund of the Third Reich is in Demand Again
Deep cover Nazi organizations need their secret deposits in Swiss banks
25.07.2023
Will the European Union Devolve into a Group of Third-World Countries?
Will the European Union Devolve into a Group of Third-World Countries?
On Tuesday, April 25, 2023, Huw Pill, the Bank of England's chief economist, warned U.K. citizens that they need to accept that they are poorer and stop pushing for higher wages
24.07.2023
World Bank Seems to Finally Get It
World Bank Seems to Finally Get It
A new World Bank report says hundreds of billions of dollars of subsidies to energy producers need to be used instead to “ensure a green and just transition.”
20.06.2023
US Lawmakers Introduce Bill to Give Russian Central Bank Assets to Ukraine
US Lawmakers Introduce Bill to Give Russian Central Bank Assets to Ukraine
The bipartisan legislation was introduced in both the House and Senate
16.06.2023
The Future of Money
The Future of Money
In place of the dollar or together with the dollar?
24.05.2023
The Poverty Trap
The Poverty Trap
Lower interest rates and longer-term paybacks that match the pace of underlying social progress are key to successful development finance, writes Jeffrey Sachs
11.05.2023
Financial storms building up on several major fronts
Financial storms building up on several major fronts
A confluence of factors is interacting to create the conditions for a major deepening of the crisis in the US financial system
10.05.2023
Fed lifts interest rates but signals possible pause amid financial turbulence
Fed lifts interest rates but signals possible pause amid financial turbulence
As expected, the US Federal Reserve lifted its base interest rate by 0.25 percentage points yesterday in the tenth increase since rate tightening started 14 months ago but gave an indication that it could ease off as credit conditions tighten and the economy shows increasing signs of recession
04.05.2023
First Republic takeover adds to concerns over a possible US recession
First Republic takeover adds to concerns over a possible US recession
Expert warns of a global domino effect
03.05.2023
Regulators knew of failed Silicon Valley Bank’s problems but took no action
Regulators knew of failed Silicon Valley Bank’s problems but took no action
Evidence emerged at yesterday’s Senate Banking Committee hearing into the collapse of Silicon Valley Bank about the extent of the run which led to its downfall
30.03.2023
Crash, Bailout … and Crash Again?
Crash, Bailout … and Crash Again?
Credit Suisse did not collapse from the current crisis—the causes were forged over a quarter of a century, the main role being played not by unscrupulous bankers, but by government intervention
29.03.2023
Unabated Addiction To the Dollar
Unabated Addiction To the Dollar
$80 trillion worth of risk. What's next?
10.01.2023
The Quran Meets Capital
The Quran Meets Capital
How Islamic finance can teach a lesson in a more responsible attitude to the economy
14.10.2022
US Dollar Future: Dominate and Divide
US Dollar Future: Dominate and Divide
What the experience with the financial crisis shows and how it will impact the American power
12.07.2022
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Leak scandal sends further shockwave, complicating Ukraine crisis
Leak scandal sends further shockwave, complicating Ukraine crisis
5 Items to Remember for When Disaster Strikes
5 Items to Remember for When Disaster Strikes
Zelensky Discusses Joint Weapons Production With Western Officials
Zelensky Discusses Joint Weapons Production With Western Officials
G20: Last Waltz in a World Torn Apart
G20: Last Waltz in a World Torn Apart
Russia launches first lunar mission in decades, racing India to moon’s south pole
Russia launches first lunar mission in decades, racing India to moon’s south pole
China, Russia kick off joint military exercise in Sea of Japan
China, Russia kick off joint military exercise in Sea of Japan
CIA Told Ukraine Not to Bomb Nord Stream Pipelines
CIA Told Ukraine Not to Bomb Nord Stream Pipelines
NATO declares "Ukraine will become a member"
NATO declares "Ukraine will become a member"
Irish Revenge
Irish Revenge
Fear of Vial
Fear of Vial
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