Central Banks Battle Hyperinflation with Interest Rate Cuts: What it Means for the Economy

Central Banks Battle Hyperinflation with Interest Rate Cuts: What it Means for the Economy

For about two years, hyperinflation has been the focus of events, so the persistent attempts made by central banks to reverse its course have increased, and with the war of central banks on the specter of inflation, it seems that the world is on the verge of reaching a new chapter in this economic narrative. … Read more

Standard & Poor’s adjusts Bahrain’s outlook to stable amid deficit concerns – CNN Economic

Standard & Poor’s adjusts Bahrain’s outlook to stable amid deficit concerns – CNN Economic

On Friday, Standard & Poor’s credit ratings agency revised the outlook for the Kingdom of Bahrain’s economy from positive to stable, indicating spending pressures that may push the fiscal deficit to a wider range than previously expected. According to Reuters, Standard & Poor’s maintained its rating at (B/B+) for Bahrain, and said it expects the … Read more

The Berlusconi lock down the agreements in the Fininvest statute – Breaking news – Ansa.it

The Berlusconi lock down the agreements in the Fininvest statute – Breaking news – Ansa.it

The boards of directors of both Fininvest and the personal holdings of Silvio Berlusconi’s five children will be convened next week to define the inclusion in their respective statutes of the agreements signed after their father’s death, agreements which effectively give Marina and Pier Silvio the management of the corporate empire. The transition also provides … Read more

Bulgaria decided to replenish the budget with a billion dollars from Gazprom

Bulgaria decided to replenish the budget with a billion dollars from Gazprom

Bulgaria’s draft budget for 2024 included revenues from the energy contribution for the transit of Russian gas, which was introduced in October. The Bulgarian government expects to reduce Gazprom’s revenues and replenish its budget with an additional fee of $1.3 billion, Dnevnik.bg reports. At the same time, no one knows whether Gazprom will pay this … Read more

Pre-trial investigations against the management of OzenMunayGas JSC have been completed

Pre-trial investigations against the management of OzenMunayGas JSC have been completed

Two deputy general directors have been charged, Alibek Abdilov said. – During the investigation, the actions of the Deputy General Director of OMG JSC B. Mambetsapaev were qualified as abuse of office by fictitiously employing his acquaintances, who did not actually work and received unreasonable wages. Another ex-deputy general director of OMG JSC, E. Karamurzaev, … Read more

The Unexpected Reversal of Mortgage Renewal Stress Tests: An Analysis

The Unexpected Reversal of Mortgage Renewal Stress Tests: An Analysis

It’s deplorable. The situation became clearer in mid-October. “Clarify” isn’t quite the right word. We should rather speak of a “turnaround” as spectacular as it was unexpected. Because the rules could not be said to be equivocal, they were applied uniformly by the entire industry. I touched on the subject briefly in a column published … Read more

Understanding Wealth in America: Insights from Forbes, Federal Reserve, and Charles Schwab

Understanding Wealth in America: Insights from Forbes, Federal Reserve, and Charles Schwab

Michael Jordan debuts on Forbes’ list of richest Americans Forbes’ list of the 400 richest Americans has a combined $4.5 trillion. Find out who headlines the list. What does it take to be wealthy in 2023? A million dollars in the bank? Two million? How about a salary in the high six figures? In different … Read more

The ex-head of Tengri Bank and his former deputies were sentenced

The ex-head of Tengri Bank and his former deputies were sentenced

The former head of Tengri Bank, Yerzhan Shaikenov, was sentenced to 10 years in prison for theft, Tengrinews.kz correspondent reports. The press service of the Almaty City Court reported that 14 defendants were sentenced in the case of illegal use and theft of bank money, one of them was the former chairman of Tengri Bank … Read more

Promoting Financial Education: National Financial Education Week in Mexico

Promoting Financial Education: National Financial Education Week in Mexico

Today, more than ever, it is important to promote financial culture and education at all levels and sectors of the population through various actions such as the National Financial Education Week (SNEF), which is the most important event of Financial Education in Mexico, the which under the motto “Control your finances and improve your financial … Read more

Panama Collaborates with Banking Institution to Promote Financial Education in Schools

Panama Collaborates with Banking Institution to Promote Financial Education in Schools

City of Panama/The Ministry of Education (Meduca) and the Superintendency of Banks of Panama (SBP) are working together to implement the pilot plan for the implementation of the National Financial Education Strategy (ENEF) in official schools in Panama. César Castillo, Deputy Director General of Educationexplained that the objective is to ensure that students have knowledge … Read more