Treasury Secretary nominee, Steven Mnuchin, built his reputation as a savvy Wall Street investor. But one of those investments has put him in the crosshairs of Democrats at his confirmation hearing: sub-prime mortgage lender IndyMac bank. (Jan. 19)
Nigeria has halved federal borrowing from the central bank, according to Finance Minister Wale Edun, as Africa's biggest economy works to curb monetary financing and shift to markets to plug revenue shortfalls. President Bola Tinubu, who inherited an economy struggling with record debt, high unemployment, subsidies and large central bank financing, has promised to make the bank autonomous and more focused on its core mandate. Central bank overdrafts to the federal government, so-called "ways and means," were popular with the previous administration, peaking at $53 billion in 2023 and fuelling inflation and budget deficits.
Britain's national election, expected later this year, will take place against a backdrop of persistently slow economic growth, high public debt and little room to increase spending for whoever wins power unless they raise taxes. Prime Minister Rishi Sunak promises voters that a recovery from a cost-of-living crisis is underway while the opposition Labour Party, which is far ahead in opinion polls, accuses his ruling Conservatives of overseeing 14 years of economic failure. Below is a summary of some of the challenges facing the world's sixth-biggest economy which appears to be emerging from a shallow recession but is still feeling the aftershocks of Brexit, the COVID pandemic and the energy price surge of 2022.
China's vaccine developers stuck with unused mRNA COVID shots and idle manufacturing plants are pursuing new targets for the novel messenger RNA technology, but they face a tough path, crimped by a lack of revenue. Three Chinese companies - Walvax Biotechnology, CSPC Pharmaceutical Group and Stemirna Therapeutics - came up with mRNA vaccines that won limited emergency approvals in Asia. However, Walvax and CSPC are not currently manufacturing three of their China market shots, a China health official told Reuters.
Police say five foreign nationals who were in car that came under attack are safe
Dr Sarah Benn could be struck off for her participation in peaceful climate change protests.
Israel’s military has not confirmed the strike and Iranian officials maintain ‘no damage’ in Isfahan
The Rabbitohs has been dealt a fresh new injury blow. Find out more here.
Almost every Aussie state and territory will be included in the changes. See what's new.
The two lenders agree terms on a takeover deal that could be worth up to £780m.
Q1 2024 Blackstone Inc Earnings Call
Pop star shares message with fans from Instagram as they scramble to stream her latest record
O'Donnell took aim at Watters and his predecessors in the primetime slot at what he called "the lying channel."
Ashok Kumar/TAS24/Getty Images for TAS Rights ManagementAs the clock struck midnight on Friday and Spotify streams raged, Taylor Swift dropped a few hints behind the meaning of her latest album, The Tortured Poets Department.In her first statement since the album’s release, Swift said that she had “no scores to settle” via her music, and described the project as “both sensational and sorrowful in equal measure.” Reviews, however, are already describing it as a “doozy” of a break-up album.In her
A wave of risk aversion swept over markets on Friday and sent investors chasing after traditional safety assets such as the Swiss franc and the yen following reports that Israel attacked Iran in an escalation of conflict in the Middle East. Three people familiar with the matter told Reuters that Israel attacked Iran, days after Iran launched a retaliatory drone strike on Israel. Some of those moves were later retraced as few details emerged about the attack and an Iranian official told Reuters no missile attack took place.
Oil and gold prices rose and shares fell in Asian trade.
Futures fell on reports of Iran explosions: The market power trend is about to end. Netflix gave weak guidance.
US officials reportedly tell CBS News an Israeli missile has struck Iran
Swift dropped her 11th studio album on Friday, April 19
Yahoo Finance