World’s central banks are wary of AI and struggling to quit the dollar, survey shows
Central banks cautious about AI risks, survey finds AI mainly used for basic tasks, not core operations Dollar…
Nigeria’s central bank holds key rate, wants inflation to fall further
Monetary Policy Rate stays at 27% Economists had predicted another rate cut Analysts say lower deposit rate signals…
New AI club to bestow nuclear-like power, says Russian tech boss
Item 1 of 2 Alexander Vedyakhin, First Deputy CEO of Sberbank, speaks during an interview with Reuters at…
World Bank lifts Kenya’s growth forecast on construction sector optimism
NAIROBI, Nov 24 (Reuters) – The World Bank lifted Kenya’s economic growth forecast for this year to almost…
Top ECB officials urge EU to remove internal barriers amid Trump tariffs
Item 1 of 3 European Central Bank President Christine Lagarde delivers her keynote speech at Euro Finance Week,…
BoE’s Pill does not expect much shift in rate view given high pay growth
LONDON, Nov 18 (Reuters) – Bank of England Chief Economist Huw Pill said on Tuesday that he did…
POLL Bank Indonesia to hold rates steady at 4.75% on November 19, cut next month
A majority of economists, 24 of 30, expect rates to be on hold at 4.75% on November 19…
US construction spending rebounds in August
WASHINGTON, Nov 17 (Reuters) – U.S. construction spending unexpectedly rebounded in August, likely lifted by home renovations as…
US, Japan share unorthodox anti-inflation tool – fiscal stimulus
ORLANDO, Florida, Nov 13 (Reuters) – The United States and Japan are both employing a novel inflation-fighting tool:…
Pension funds reject UK Plc proposal to get savers into local stocks
Pension industry warns against UK investment drive Executives have urged UK finance minister to boost domestic share purchases…
AI clouds up the economic dashboard
LONDON, Nov 10 (Reuters) – The return of U.S. economic data when Washington reopens may do little to…
China’s internet firms cautiously revive lending as Beijing pushes consumer loans
Internet platforms cautiously resume lending business expansion Regulatory environment normalising after years-long crackdown Beijing seeks to spur consumer…