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Sat, Sep 30, 2023 01:47 AM All times are UTC

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Central Banking Series

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This series is dedicated to providing accurate and timely news about central banking, with a focus on monetary policy, financial stability and regulation for anyone looking to understand the policy of central banks and what central bankers think about the global economy.

Central Banking Series

Interest rates: Monetary policy is always political as central banks opt to back the financial sector

Sep 29, 2023 08:50 am UTC| Economy Central Banks Politics

As the Bank of Canada prepared to announce its decision on interest rates in early September, Tiff Macklem, the banks governor, received imploring letters from premiers spanning both the country and the political...

Central Banking Series

Why central banks should stop raising interest rates

Sep 28, 2023 02:49 am UTC| Insights & Views Economy Central Banks

Mortgage borrowers breathed a sign of relief following a recent pause in the Bank of Englands 14-month campaign of base rate hikes. Led by the US Federal Reserve, many of the worlds major central banks, including the...

Central Banking Series

Inflation: I've been analysing the Bank of England's forecast over the past two years – here's how they got it wrong

Sep 26, 2023 03:55 am UTC| Economy Central Banks

The Bank of England (BoE) has been strongly criticised for failing to predict the surge in inflation. Had it done so, it could have reacted more quickly and prevented inflation from rising as high as 11% in autumn...

Central Banking Series

The Federal Reserve held off hiking interest rates

Sep 23, 2023 03:19 am UTC| Economy Central Banks

Federal Reserve officials held interest rates steady at their monthly policy meeting on Sept. 20, 2023 only the second time they have done so since embarking on a rate-raising campaign a year and a half ago. But it is...

Central Banking Series

Underlying inflation has slipped below 6%, but is the slide enough to stop the RBA pushing up rates further?

Jul 27, 2023 08:46 am UTC| Economy

Australias inflation rate has fallen for the second consecutive quarter. After reaching a 30-year high of 7.8% at the end of 2022, annual inflation as measured by the Bureau of Statistics quarterly Consumer Price Index...

Central Banking Series

Reserve Bank veteran Michele Bullock becomes first woman governor, replacing Philip Lowe

Jul 17, 2023 13:00 pm UTC| Economy

The government has appointed Michele Bullock the new governor of the Reserve Bank the first woman to occupy the post. Bullock, currently deputy governor, replaces Philip Lowe, who has weathered strong criticism,...

Central Banking Series

Meet Michele Bullock, the RBA insider tasked with making the Reserve Bank more outward-looking as its next governor

Jul 17, 2023 12:59 pm UTC| Central Banks Insights & Views

Australias next Reserve Bank governor, Michelle Bullock the first woman in the job will take office in September at a time when much of the banks work in fighting inflation will be done and its focus will be on changing...

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Economy

Nvidia Faces French Antitrust Probe Over Potential Anti-Competitive Practices

French authorities raided Nvidias offices amidst a wider antitrust probe into alleged anti-competitive practices in the cloud-computing and graphics card sectors, raising industry-wide fairness and competition...

SEC Philippines to Unveil Critical Cryptocurrency Trading Guidelines Amid Rising Adoption

The Securities and Exchange Commission (SEC) Philippines unveils plans for cryptocurrency trading guidelines, assuring investors of a secure environment. CEO Emilio Aquino highlights a focus on innovation while mitigating...

GameStop Appoints Ryan Cohen as New CEO Who Will Work Without Pay

GameStop Corp. named Ryan Cohen as its new chief executive officer, and his appointment is taking effect immediately. The billionaire who founded Chewy, an e-commerce firm, has been promoted to the chief position in the...

Burger King Taiwan Introduces Bunless Options Amidst Mid-Autumn Barbecue Frenzy

Burger King Taiwan introduces four bunless burgers during the Mid-Autumn Festival, catering to the nations barbecue fervor: Bunless Double Beef, Quad Beef, Double Chicken, and Chicken Crisp. Embracing the Meat...

Interest rates: Monetary policy is always political as central banks opt to back the financial sector

Politics

Ukraine war: Slovakia may be about to elect a government which plans to halt aid to Kyiv

Slovakians head to the polls on September 30 to elect a new parliament. The result will not only have a huge impact on the domestic affairs of this small central European state but also, beyond its borders, on the balance...

Ukraine and Russia traded barbs in the UN's top court over the legality of the invasion. What could happen next in the case?

In the days immediately following Russias invasion of Ukraine in February 2022, the Ukrainian government filed a case against Moscow in the UNs highest court, the International Court of Justice. Ukraine accuses Russia...

In fractious debate, GOP candidates find common ground on cause of inflation woes and need for school choice

It was a night in which even the great communicator himself may have struggled to be heard. At the Ronald Reagan Presidential Library in California on Sept. 27, 2023, seven Republican candidates looking to become the...

Ukraine recap: Ukraine and allies maintain optimism despite slow progress on the battlefield

At a press conference after talks with the Ukrainian president, Volodymyr Zelensky, this afternoon, Nato secretary general Jens Stoltenberg sounded like a man determined to take a glass half full attitude when he said that...

Shutdowns are a uniquely American drama − in the UK, it's just not Parliament's cup of tea

When it comes to shutdowns, the U.S. is very much an exception rather than the rule. Save for a last-minute spending deal in Congress on Oct. 1, 2023, hundreds of thousands of federal employees will be furloughed and...

Science

A search for links between two of the universe's most spectacular phenomena has come up empty – for now

Every so often, astronomers glimpse an intense flash of radio waves from space a flash that lasts only instants but puts out as much energy in a millisecond as the Sun does in a few years. The origin of these fast radio...

Temporary carbon storage in forests has climate value — but we need to get the accounting right

Forests and other natural carbon reservoirs play an important role in slowing and potentially reversing the effects of climate change. But any carbon stored in nature is vulnerable to either natural or human-caused...

Just 3 Nobel Prizes cover all of science – how research is done today poses a challenge for these prestigious awards

Ive been primarily an experimental chemist the kind of person who goes into the laboratory and mixes and stirs chemicals since the beginning of my career in 1965. Today, and for the past 15 years, Im a full-time...

Your microbes live on after you die − a microbiologist explains how your necrobiome recycles your body to nourish new life

Each human body contains a complex community of trillions of microorganisms that are important for your health while youre alive. These microbial symbionts help you digest food, produce essential vitamins, protect you from...

Citizen scientists collect more nature data than ever, showing us where common and threatened species live

Citizen science isnt new anymore. For decades, keen amateur naturalists have been gathering data about nature and the environment around them and sharing it. But what is new is the rate at which citizen scientists are...

Technology

Virtual reality can help emergency services navigate the complexities of real-life crises

The UK has experienced several terrorist attacks, from the 2005 London bombings, to the devastating events at Manchester Arena and London Bridge in 2017. These tragic incidents not only resulted in the loss of innocent...

PlayStation Chief Jim Ryan to Retire; Hiroki Totoki Named Successor

Sony Group Corporation announces PlayStation CEO Jim Ryans retirement in March 2024, heralding a transition to new leadership under Hiroki Totoki. Ryan is currently working as Sony Interactive Entertainment LLCs (SIE)...

OpenAI's ChatGPT Now Surfs Web for Real-Time Information Access

OpenAI unveils an upgraded ChatGPT that can browse the internet, offering users real-time, authoritative information and enhanced data coverage from various sources. OpenAI, which is backed by Microsoft, said on...

Does AI have a right to free speech? Only if it supports our right to free thought

The world has witnessed breathtaking advances in generative artificial intelligence (AI), with ChatGPT being one of the best known examples. To prevent harm and misuse of the technology, politicians are now considering...

Lagos building collapses: we used machine learning to show where and why they happen

Building collapses have become a major menace in Lagos, Nigeria. Lagos is the business hub of the country and has its largest seaport and airport. With an estimated population of 15.4 million, it is the largest city in...

Digital Currency