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ITFC has signed a $3.3 billion financing deal with Bangladesh for FY2026-27 to support fuel and fertiliser imports. The funding comes as disruption in the Strait of Hormuz threatens Bangladesh’s energy and food security. The deal extends ITFC’s long-standing financing partnership with Bangladesh. The International Islamic Trade Finance Corporation (ITFC) – a faction of the…
Hello, friends. Just a quick note to let you all know that my life, at last, seems to be settling. A full two months after the death of my mother, the fog has lifted and I find that I’m motivated to pursue productive pursuits once more. I spent much of the past several weeks doing…
Wealth growth ran strongest in Europe, the Middle East and Africa at 17.5 percent, helped by a weaker dollar, CTV News reported, followed by the Americas at 8.5 percent and Asia-Pacific at 5.9 percent. North America led all regions at roughly US$660,000 per adult, BNN Bloomberg reported, ahead of Australia and New Zealand at US$590,000 and Western…
Key insights: Klarna has submitted applications to the Utah Department of Financial Institutions and the Federal Deposit Insurance Corp. to establish Klarna Bank. What’s at stake: The buy now/pay later lender and aspiring neobank joins Affirm, PayPal and dozens of other fintechs that hope to become a bank. Forward look: If approved, Gary Harding, former…
Baltimore-based Constellation Energy, a $90 billion company, generates electricity on a vast scale. And AI’s voracious appetite means that electricity is now becoming a very valuable commodity, and the companies that can generate it reliably, cleanly and at scale will see a lot more attention than they’re currently getting. Investors have re-priced entire industries, assuming…
Cohabiting couples who are not married or in a civil partnership are set to receive new rights to finances under new rules proposed by the government. The proposals could see unmarried partners allowed a portion of the proceeds from a house sale, a percentage of a pension, automatic inheritance rights, and more when a relationship…
Tropical Storm Maysak killed two people in Nanning, Guangxi, and affected about 55,000 residents, with 48,000 evacuated, according to Xinhua. Flooding and dam risks prompted China’s Ministry of Emergency Management to deploy more than 1,000 rescuers, boats, vehicles, and drones. The storm also damaged property and blocked roads in northern Vietnam. News Updated: Monday, July…
This as-told-to essay is based on a conversation with CJ Gustafson, founder of Mostly Metrics and CEO of Mostly Media. It has been edited for length and clarity. When I walk into a bakery, I’m not debating what kind of treat I want. Instead, I’m thinking about how many muffins they need to sell to…
Why did New York City just freeze rent for a million apartments — and who’s actually going to pay for it? This month’s economic landscape is anything but simple: a job market that’s cooling faster than expected, a brand-new Fed chair rewriting the rulebook, and a policy fight in New York City that reveals exactly…
The Securities and Exchange Commission’s Division of Economic and Risk Analysis (DERA) published updated statistics and data visualizations covering key segments of the U.S. capital markets, including three new asset-backed securities (ABS) issuance data visualizations, one new municipal advisor data visualization, and additional historical statistics for issuances of ABS and commercial mortgage-backed securities (CMBS). The…