Doubts reign whether BRICS can find common ground, agree on de-dollarisation in South Africa
Russia’s economy is grappling with Western sanctions over Moscow’s war in Ukraine. Putin is wanted under an international arrest warrant for alleged war crimes in Ukraine, and is being represented at the summit by his foreign minister Sergei Lavrov.
Black Impact Foundation vouches for investment in Black-owned ventures as step to Africa’s future
With an unyielding focus on economic growth, wealth disparities and generating opportunities for Black communities, investing in Black-owned businesses takes the spotlight as a powerful catalyst for societal advancement.
Rattled Kenya government reinstates fuel subsidy after weeks of bloody street confrontations
The protests organised in response to that law were called off last month after the opposition and Ruto agreed to talks to resolve their differences, the second such attempt this year.
Bank of Ireland customers scramble for free money after social media reports of ATM glitches
Among other issues, a glitch with the bank’s online app had allowed customers with low balances or no money in their account to transfer up to 1,000 euros ($1,090) into a linked account with a digital banking app, such as Revolut, that could be withdrawn via an ATM, local media reported on Tuesday
Security threats forces Biden to order ban on certain US tech investments in China
A spokesman for the Chinese embassy in Washington said the White House had not heeded “China’s repeated expression of deep concerns” about the plan. The spokesman said more than 70,000 US companies do business in China. The restrictions will hurt both Chinese and American businesses, interfere with normal cooperation and reduce investor confidence in the US, he said.
Filthy wages: Why crypto’s promise as a means of dancing around banking system crashed
Without a banking partner, crypto firms cannot accept dollar deposits in return for services, or manage the conversion of crypto to dollars for clients, or pay their employees and vendors – they cannot function. The viability of the plan to develop a parallel financial system free of intermediaries is dependent, therefore, on a rapidly disintegrating truce with those same intermediaries: the banks and payments firms.
Blacklisted by banks and payment apps, adult industry gets door slammed on it by cryptocurrency
In the US, full-service sex work (also known as prostitution) is illegal in every state but Nevada, but pornography and online sex work are legal under the First Amendment. Irrespective of this distinction, banking access has been a problem for the entire sex work community since at least the 1960s, says Mike Stabile, director of public affairs at the FSC, and has only become more acute.
Climate-friendly cows bred to belch less methane following availability of genetics to produce dairy cattle
Some dairy industry officials remain unconvinced about low-methane breeding, saying it could lead to digestion problems. Canada’s agriculture department said in an email that it has not yet assessed the methane evaluation system underlying the product but that reducing emissions from livestock was “extremely important.”
Impact of Russia quitting wartime deal with Ukraine to ship grain starts to bite as food prices spike
Global prices for food commodities like rice and vegetable oil have risen for the first time in months after Russia pulled out of a wartime agreement allowing Ukraine to ship grain to the world, and India restricted some of its rice exports, the UN Food and Agriculture Organization said on...
Bank of England raises interest rates for 14th time in a row to pile pressure on mortgage holders
The Bank of England’s announcement comes after both the European Central Bank and the US Federal Reserve hiked up respective interest rates to two-decade highs this week, with both institutions opting for a quarter-point increase amid global efforts to quell inflation.
