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July 18, 2021

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As China leaps ahead on digital currency, a top central bank group is calling for global cooperation

CNBC
CNBC – For more and to sign up click here LONDON — Top financial institutions are calling for global cooperation on central bank digital currencies. The Bank for International Settlements, the global body for central banks, issued a report Friday saying that central banks should work to achieve “interoperability” between......

European Central Bank sets its inflation target at 2% in new policy review

CNBC
CNBC – For more and to sign up click here The President of the European Central Bank Christine Lagarde delivers remarks during a joint press conference in Lisbon, Portugal. Horacio Villalobos | Getty Images News | Getty Images LONDON — In a major policy review presented on Thursday, the European......

China’s central bank is ‘quite worried’ about global risks from some digital currencies

CNBC
CNBC – For more and to sign up click here A customer makes a payment using China’s digital currency, or e-CNY, at Wangfujing Department Store on February 11, 2021 in Beijing, China. VCG | Visual China Group | Getty Images BEIJING — China’s central bank is “quite worried” about risks......

Tropical Storm Elsa headed to landfall on central Cuba coast

Detriot News
Detroit News – For more and to sign up click here Havana — Tropical Storm Elsa swept along Cuba’s southern coast early Monday, and forecasters said it could make landfall on the island’s central shore by midafternoon. By Sunday, Cuban officials had evacuated 180,000 people as a precaution against the possibility......

Central American officials blacklisted by U.S. as part of corruption crackdown

Reuters
SAN SALVADOR, July 1 (Reuters) – Central American presidential aides, top judges and former presidents were put on a U.S. State Department list on Thursday that names individuals the U.S. government accuses of corruption, obstructing justice, or undermining democracy. The so-called Engel List was created under a law sponsored by......

Central bank digital currencies get full BIS backing

Reuters
LONDON, June 23 (Reuters) – The Bank for International Settlements has given its full backing to the development of central bank digital currencies (CBDCs), saying they are needed to modernise finance and ensure ‘Big Tech’ does not take control of money. Dubbed the central bank to the world’s central banks,......

Nigeria could launch pilot digital currency by year-end – central bank

Reuters
The Central Bank of Nigeria’s logo is seen on its headquarters building in Abuja, Nigeria, January 22, 2018. REUTERS/Afolabi Sotunde/File Photo ABUJA, June 18 (Reuters) – Nigeria’s Central Bank is preparing a digital currency pilot that could launch as early as the end of this year, its director of information......

Factbox: How central banks are responding to climate change

Reuters
June 18 (Reuters) – The Bank of Japan unveiled a plan on Friday to boost funding for fighting climate change, a surprise move underscoring the growing importance of the issue for central banks. Following is a snapshot of how some of the world’s biggest central banks are addressing risks related......

Australian companies, central bank hit by widespread net outages

Reuters
An office building with the Commonwealth Bank logo is seen amidst the easing of the coronavirus disease (COVID-19) restrictions in the Central Business District of Sydney, Australia, June 3, 2020. REUTERS/Loren Elliott Central bank cancels govt bond auction after web outage Many affected websites back online late on Thursday June......

China’s economy has not recovered 100% from Covid, says former central bank advisor

CNBC
CNBC – For more and to sign up click here China’s policymakers are “overly aggressive” in containing debt levels, a leading Chinese economist told CNBC, while acknowledging that the economy has not completely recovered from the pandemic. China, where the coronavirus was first detected, was the only major economy that......

Gas pipe explosion kills 11 in central Chinese city, CCTV reports

Reuters
A gas pipe explosion in a residential community in a central Chinese city killed 11 people and critically injured 37, state media CCTV reported Sunday. A total of 144 people had been evaculated following the deadly accident in the city of Shiyan in Hubei province by 11 a.m. (0300 GMT)......

French and Swiss central banks to trial wholesale digital currencies

Reuters
The Swiss National Bank and the Bank of France will trial Europe’s first cross-border central bank digital currency payments, the banks said on Thursday, a move that will be a first for two of the world’s top currencies. The experiment will focus on the bank-to-bank ‘wholesale’ lending market rather than......

U.S. Aid to Central America Hasn’t Slowed Migration. Can Kamala Harris?

New York Times
SAN ANTONIO HUISTA — An American contractor went to a small town in the Guatemalan mountains with an ambitious goal: to ignite the local economy, and hopefully even persuade people not to migrate north to the United States. Half an hour into his meeting with coffee growers, the contractor excitedly......

Two dead, six missing after accident at central China coal plant – state media

Reuters
Two people died and six were missing after an accident in a coal mine in central China, state broadcaster CCTV reported on Saturday. The “accidental outburst” occurred at a coal mine run by Henan Hebi Coal and Electricity Co in the late afternoon on Friday, and the authorities in Henan......

Christian Yelich could determine the fate of the NL Central this season

ESPN
In the bottom of the third inning of the Milwaukee Brewers‘ 7-4 win over the Arizona Diamondbacks on Thursday, Christian Yelich hit a three-run home run. It wasn’t really all that special of a home run, struck at 107.9 mph with a launch angle of 20 degrees. The pitch from......

‘I’m just glad to be here’: Central Michigan’s John Keller on the mend from gunshot wound

ESPN
All John Keller wanted when he got to his parents’ house in Canton, Ohio, was some Raising Cane’s chicken and one of his mom’s hamburgers. Normal things a college kid usually takes for granted — spending time with family and gathering around the dinner table for mom’s cooking — were......

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