Banking and Financial Institutions – Page 113

The A.I. Revolution Is Coming. But Not as Fast as Some People Think.

From steam power to the internet, there has always been a lag between technology invention and adoption across industries and the economy.

By Steve Lohr

Bank of America Corporation Banking and Financial Institutions Blacklisting Deutsche Bank AG Embargoes and Sanctions International Criminal Court Lvova-Belova, Maria Orphans and Orphanages OTP Bank Russian Invasion of Ukraine (2022) War Crimes, Genocide and Crimes Against Humanity

Western Banks Help Fund Blacklisted Oligarch’s Charity

Konstantin Malofeyev’s foundation funds orphanages in occupied Ukraine. He denies that a child-removal program there is a war crime: “All of this is fake.”

By Monika Pronczuk and Valerie Hopkins

Banking and Financial Institutions Currency Economic Conditions and Trends Erdogan, Recep Tayyip Interest Rates Politics and Government Turkey

Turkey’s Central Bank Raises Rates to Near Two-Decade High

The bigger-than-expected rate increase, to 25 percent, is aimed at curbing stubbornly high inflation that exceeded 80 percent last year.

By Aaron Boxerman

Banking and Financial Institutions Economic Conditions and Trends Federal Reserve Bank of Kansas City Federal Reserve System Government Bonds Inflation (Economics) Interest Rates Labor and Jobs Powell, Jerome H United States Economy

At Jackson Hole, Powell Faces a Changed Economy and Market

Jerome Powell, the Federal Reserve chair, warned in 2022 that the central bank might hurt the economy to cool inflation. This year, things look less dire.

By Jeanna Smialek and Joe Rennison

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