Biden has begun releasing the $7 bn Afghan Central Bank funds held in US Fed. His plan proposes to split it. The problem is, the US doesn’t own that money: Afghanistan does.
This is worrying for the US Fed and fellow central banks as they seek to contain the strongest price pressures in decades without derailing recoveries from the pandemic.
As foreign aid has been halted since the takeover by Taliban, the militant group is looking at all options to revive the Afghan economy — including cryptocurrencies.
Citigroup and Standard Chartered are among those calling out RBI projections as too dovish as fuel prices surge, cost pressures mount and demand rebuilds from Covid.
Speaking at the meet, Secretary of State Antony Blinken says he doesn't consider a conflict in Indo-Pacific inevitable but China has been acting more aggressively.
The current surge in carbon should be seen as a success, finally bringing the cost of emissions in Europe to a level sufficient to switch to less polluting technologies.
Investors are pricing in a somewhat faster rise in interest rates this year, and the Fed must take its cue. Open-mindedness, patience and gradualism remain the right strategy.
In an interview with Bloomberg, WHO chief scientist Soumya Swaminathan says it would be 'foolish' to drop precautions as a variant can arise anywhere and we'd be back to square one.
In the Indian political setup, the BJP and the communist parties are probably the only ones who have been able to circumvent the hereditary leadership tag.
The Jagan Reddy govt has been accused of scuppering various investment deals. Under Naidu, the govt, is trying to make AP a top investment destination, officials and industrialists say.
Chief of Army Staff General Upendra Dwivedi says the Manipur conflict was triggered by a rumour and that the situation may be ‘stable today, but it is tense’.
How come Indonesia, Malaysia, Turkey and Sri Lanka remain constitutional, democratic and stable despite Islam and Buddhism respectively, but Pakistan, Bangladesh and Myanmar don’t?
COMMENTS