Page 89 - Bon News Today

(Bloomberg) -- The World Bank approved $750 million to boost Kenya’s economic recovery from the coronavirus pandemic. The financing will “help accelerate Kenya’s ongoing inclusive and resilient recovery,” the lender said in a statement on its website.

(Bloomberg) -- Gold climbed for a second day, with investors weighing the trajectory of the Federal Reserve’s tightening cycle against risks to growth due to the war in Ukraine.

(Bloomberg) -- While history suggests it won’t last, an emotion approaching euphoria descended on equity markets Wednesday after Federal Reserve Chair Jerome Powell persuaded investors his first interest rate hikes in four years won’t throttle the economy.

(Bloomberg) -- French President Emmanuel Macron said the state will need to take control of some firms in the energy sector in a plan to bolster the country’s independence.

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(Bloomberg) -- Ghana wants to ensure its digital currency would function on a widely popular payment platform run by mobile-phone service providers.

(Bloomberg) -- New Zealand will begin reopening its border to the world next month, bringing an end to the “fortress” settings that kept Covid-19 out for much of the pandemic. Vaccinated Australians will be allowed to enter without needing to isolate on arrival from 11:59 p.m.

(Bloomberg) -- Russian steel and mining company Severstal has received permission from Moscow to make a $12.6 million interest payment due Wednesday on its dollar bonds, but the firm warned that paying and transfer agent Citigroup Inc. may refrain from processing the transaction.

(Bloomberg) -- Standard Bank Group Ltd., Africa’s biggest lender by assets, plans to raise as much as 300 billion rand ($20 billion) by 2026 to help fund renewable energy projects, even as it remains open to supporting fossil fuels.

(Bloomberg) -- Indonesia is calling on the International Monetary Fund to take on the role of preparing finances for the next global health emergency.