Category Archives:
German financial system under strain but property correction not seen: Bundesbank
FRANKFURT (Reuters) - Risks in the German financial system are building as the economy heads for a recession and struggles with rising interest rates and sky-high energy prices, but a correction in th...
Nov 24, 2022
Nigerian start-up uses tech to help the visually impaired
LAGOS (Reuters) - A Nigerian start up called Vinsighte is using technology to assist the visually impaired, with several products including "smart" reading glasses that convert text to audio. About 15...
Nov 24, 2022
Lebanon’s economy still contracting but at slower pace, World Bank says
BEIRUT (Reuters) - Lebanon's economy, hit by one of the world's most severe crises, continues to contract although the pace of that contraction has somewhat slowed, the World Bank said in a report pub...
Nov 24, 2022
Japan says economy picking up moderately, while govt staying vigilant to risks
TOKYO (Reuters) - Japan's government left the overall assessment of the nation's economy unchanged in its monthly report for November, noting a moderate recovery but remaining cautious over risks from...
Nov 24, 2022
Hungary’s banks stable, profits and lending to fall – central bank
BUDAPEST (Reuters) - Hungary's banking system is stable and has significant reserves to manage risks, the National Bank of Hungary said on Thursday, adding that banks faced weaker profitability due to...
Nov 24, 2022
EU preparing 9th Russia sanctions package, von der Leyen says
HELSINKI (Reuters) - The European Union is pressing ahead with a ninth sanctions package on Russia in response to Moscow's attack on Ukraine, European Commission chief Ursula von der Leyen said during...
Nov 24, 2022
Slovak police again charge central bank governor Kazimir over bribery – lawyer
PRAGUE (Reuters) - Slovak police have brought bribery charges for a second time against Slovak central bank Governor Peter Kazimir, who sits on the European Central Bank's governing council, his lawye...
Nov 24, 2022
German business morale recovers in November – Ifo
BERLIN (Reuters) - German business morale rose further than expected in November and pessimism heading into the coming months eased considerably, a survey said on Thursday, as Europe's biggest economy...
Nov 24, 2022
Indonesia to use excess budget cash to rein in 2023 borrowing
JAKARTA (Reuters) - Indonesia will accumulate excess cash in this year's budget and use it to help reduce borrowing in 2023, when it expects to face market volatility and a weakening global economy, i...
Nov 24, 2022
Evergrande creditors ask chairman for $2 billion fund infusion -Bloomberg
(Reuters) - Debt-laden developer China Evergrande Group has told offshore creditors that it plans to present a restructuring proposal as soon as the first week of December, Bloomberg News reported on ...
Nov 24, 2022
Peoria, IL, USA
82 °F Sunny
