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.
Indian govt officials last month skipped Turkish National Day celebrations in Delhi, in a message to Ankara following its support for Islamabad, particularly during Operation Sindoor.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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