Governments’ energy-related support to hit $1.65 trillion by year end – S&P Global
The amount of money spent by governments subsidising energy costs since Russia's invasion of Ukraine is set to reach $1.65 trillion by the end...
Central banks continue gold buying spree
After charting the highest level of net gold purchases on record in 2022, central banks started out 2023 right where they left off.
Central banks globally added another...
S&P downgrades South Africa’s outlook as power crisis weighs
S&P Global late Wednesday downgraded its outlook on South Africa to "stable" from "positive", citing infrastructure constraints and a severe power crisis.
South Africa's economy...
Moody’s: African banks exposed to billions in carbon risks
Nearly a quarter of African banks’ lending is directed to companies facing carbon transition risks, according to a Moody’s survey of rated financial institutions.
African banks’ exposure...
Russia says it is considering a challenge to US nominee to head World Bank
Russia is consulting with its allies about challenging the U.S. nominee to head the World Bank, Moscow's top representative at the bank said on...
