(Bloomberg) -- The prospect that high interest rates will keep constricting the global economy is worrying World Bank officials as they look to the impact on...
-- The prospect that high interest rates will keep constricting the global economy is worrying World Bank officials as they look to the impact on nations nursing large debts.China Mulls New Stimulus, Higher Deficit to Meet Growth Goal
The view from the Washington-based development lender followed Tuesday’s assessment by its sister institution, the International Monetary Fund, that inflation next year will be faster than previously thought, while most of the world now faces weaker growth than before. “It left about 24 economies bankrupt,” he said. “We should expect some countries to get into trouble now.”
FTX employees reportedly scrambled to stop hackers from making off with $1.1 billion of crypto after FTX went into meltdown late last year. -- Bank of Nova Scotia is partnering with Sun Life Financial Inc.’s asset-management division to give the lender’s affluent clients in Canada the chance to tap into private credit and other alternative assets growing in popularity.
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