Inflation that is proving increasing stubborn will prompt the Federal Reserve to raise interest rates to an even higher peak level and hold them there through the year, according to economists surveyed by Bloomberg this month.
Nigeria’s economy grew faster than expected in the fourth quarter, driven by growth in the non-oil sector.
Turkey’s media watchdog fined three TV channels over their coverage of this month’s earthquakes, the latest move by the state to influence the narrative around the disaster.
Israeli Prime Minister Benjamin Netanyahu has issued his strongest rebuke yet of lawmakers from his Likud party questioning central bank policy, saying they must “stop interfering” as political stress increasingly filters through to local markets.
South Africa’s stricken power utility will receive 254 billion rand ($13.9 billion) in debt relief from the government over the next three years, provided it brings in private partners to help operate its plants and the electricity transmission network.
The last week saw major UK banks line up to report fourth-quarter earnings. One of the main themes: buybacks are back.
Federal Reserve officials could shed light on how many policymakers saw the case for a larger interest-rate increase at their last meeting and whether they anticipated the need to take rates higher than previously thought to tame persistently high inflation.
The Copenhagen Airport said it’s with “greatest probability” the target of a cyberattack which has lead to several users being unable to access its website.
Solana Spaces — a venture that made a splash last summer when it launched brick-and-mortar stores in New York and Miami to back projects and technology around the namesake blockchain — is abandoning the initiative after less than a year as the crypto industry remains under a cloud.
Federal Reserve Bank of St. Louis President James Bullard said the US economy is proving more resilient than expected and repeated his call for the central bank to keep raising interest rates.
