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Containers are seen at the Yangshan Deep-Water Port in Shanghai, China October 19, 2020. REUTERS/Aly Song/File PhotoAug 8 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. China's July trade data top a heavy regional economic calendar on Tuesday, with current account, bank lending and household spending reports from Japan, current account data from South Korea and Australian consumer sentiment also on tap. But for the world's manufacturing and factory engine, focus is on the alarming weakness in exports. At -54.7, it is at its 'highest' level since June 30, but will soon be heading lower again if Tuesday's trade data disappoint.

Persons: Aly, Jamie McGeever, swatted, John Williams, Dow, Japan's Organizations: REUTERS, Wall, Treasury, New, Nasdaq, Equity, Nikon, Mazda, Thomson, Reuters Locations: Shanghai, China, Asia, Japan, South Korea, Beijing, U.S, Australia

☆ Trump set to return to Washington for monumental court date – but a national catharsis is unlikely
▼ + stars: | 2023-08-03 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

Hundreds of Trump’s supporters have already faced a courtroom reckoning for their efforts to disrupt the certification of a democratic election. Trump faces charges of conspiracy to defraud the United States, conspiracy to obstruct an official proceeding, obstruction of and attempt to obstruct an official proceeding and conspiracy against rights. Another reason why Trump’s trial is unlikely to be the kind of unifying event that eases a deep national wound is that most of his Republican Party is closing ranks around him. Given the political recriminations of a trial of a former president, it is reasonable to question whether such a prosecution is in the national interest. “Anyone who asks someone else to put themselves over the Constitution should never be president of the United States again,” Pence told reporters at the Indiana state fair.

Persons: Donald Trump, Trump, Joe Biden’s, snubbing, Jack Smith –, “, Van Jones, Smith, Rudy Giuliani, John Eastman, ” Trump, Joe Biden, President Trump, Elise Stefanik, Biden didn’t, Biden, –, Mike Pence, ”, Pence, ” Pence Organizations: CNN, GOP, Biden, Capitol, Trump, White, Republican, ”, Republican White House Locations: United States, Washington, DC, New York, Lago, Florida, Indiana

For his part, Trump has continued to stress his innocence. Chris Christie is sharpening his lines of attack against other candidates besides Trump. All hawkeyes on the GOP candidates: Iowa Republican Gov. Kim Reynolds is sitting down with a handful of Republican presidential candidates for interviews at the Iowa State Fair next month. Abortion in the courtroom: Iowa’s Supreme Court agreed on Tuesday to hear an appeal of a lower court order that blocked a six-week abortion ban GOP Gov.

Persons: Donald Trump, Trump, Marcus Cleaver, Jake Traylor, ”, ” Cleaver, Traylor, we’re, Jack Smith, General Merrick Garland, “, “ Rather, … Christie, Egwuonwu, Emma Barnett, Chris Christie, Kim Reynolds, Reynolds, Miami Mayor Francis Suarez, ’ Jillian Frankel, Alex Tabet, Pence, Mike Pence’s, Sarah Dean Organizations: NBC, New, New Jersey Gov, Trump ., hawkeyes, GOP, Iowa Republican Gov, Iowa State Fair, Fox News, Miami Mayor Locations: New Orleans, Covington, La, America, New Jersey, Iowa

☆ China’s New Central Banker Once Fixed a Crisis. He May Need to Again.
▼ + stars: | 2023-07-25 | by ( Keith Bradsher | More About Keith Bradsher | ) www.nytimes.com time to read: +1 min

For nearly eight years Pan Gongsheng has overseen one of the world’s biggest pots of money: China’s $3 trillion in foreign currency reserves. Now he will run the country’s central bank, playing an even more powerful role in the Chinese economy. Mr. Pan, a prominent economist, was named on Tuesday as governor of the central bank, the People’s Bank of China. The appointment of Mr. Pan comes at a delicate time for China. Foreign currency reserves are effectively a country’s emergency fund to be used at times of financial stress.

Persons: Pan Gongsheng, Pan, Mr Organizations: People’s Bank of China, bank’s Communist Party, Administration of Foreign Exchange Locations: China, bank’s

☆ Xi Jinping's politburo is set to weigh up how to revive China's faltering economy
▼ + stars: | 2023-07-24 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

China's top decision-making body, the Politburo, is set to meet to discuss the economy Friday. The country's growth has stagnated in recent months, while youth unemployment has soared. The Politburo, which is Beijing's top decision-making body, is set to meet at the end of what could be a make-or-break week for markets. That's become a crucial concern for China in recent weeks, with growth stagnating, youth unemployment soaring, and the country teetering on the brink of deflation. Chinese stocks have struggled in 2023 amid signs the country's economy is faltering after nearly three years of harsh zero-COVID lockdowns.

Persons: That's, Evergrande, Xi Jinping, Mark Haefele, we've Organizations: Service, UBS Global Wealth Management, CSI Locations: Beijing, Wall, Silicon, mull, China, Shanghai

☆ Not every version of Barbie was a hit. Check out these flops
▼ + stars: | 2023-07-22 | by ( Parija Kavilanz | ) edition.cnn.com time to read: +6 min

Barbie’s pregnant sidekick, MidgePregnant Midge was featured in Mattel's Happy Family Barbie Collection that also included Alan (pictured here behind the stroller). Fast-forward to 2002, Mattel introduced a pregnant Midge doll, featuring a detachable baby bump with a toy baby inside. The Midge doll created ripples. Walmart (WMT) ended up pulling the pregnant Midge doll from its store shelves, citing customer complaints about the appropriateness of a “pregnant” doll. When the FBI came after this BarbieVideo Barbie doll with a built-in LCD screen and download port for videos.

Persons: New York CNN —, Barbie, She’s, who’ve, Barbie Fashionistas, “ Barbie, ”, James Zahn, “ There’s, Midge, Alan, Lawrence Lucier, Zahn, Allan, Ryan, “ Allan ”, “ Allan didn’t, Mattel, “ Alan ”, Tanner, Barbie’s, Mark Ralston, Tanner playset, Tanner playsets, Barbie Mattel, Martin James Brannan, Skipper, Skipper ”, “, Miguel Villagran, Barbie Mark Lennihan, Richard Gottlieb Organizations: New, New York CNN, Bel Air, Mattel, Walmart, “, US Consumer Product Safety Commission, OREO, Nabisco, Fairfax Media, FBI, Global Toy Experts, New York Times Magazine Locations: New York, American, Barbie, AFP

☆ Beijing Offers Love, but Chinese Entrepreneurs Aren’t Buying It
▼ + stars: | 2023-07-22 | by ( Li Yuan | More About Li Yuan | ) www.nytimes.com time to read: +1 min

In the darkest moments of the financial crisis in 2008, former Chinese Premier Wen Jiabao lectured a group of U.S. government officials and business executives in New York. “In the face of economic difficulties,” he said, “confidence is more precious than gold.”The Chinese economy then was teetering. Today it’s sputtering, facing the dimmest prospects in decades, and China’s leaders are learning the hard way exactly what Mr. Wen meant. Beijing unveiled a 31-point set of guidelines on Wednesday to bolster the confidence of the private sector. But in private, others I interviewed dismissed the party’s pep talk in words that can be best translated as, “Save it for the suckers.”

Persons: Wen Jiabao, ”, Wen Organizations: “, Communist Party Locations: New York, Beijing, Hong Kong

☆ The world is back to July 2022 — Russia's junked a vital food grain deal and Europe may be teetering on the brink of another energy crisis
▼ + stars: | 2023-07-18 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

Russia said it would not extend the Black Sea grain deal that allows food exports out of Ukraine. IEA warned on Monday Europe could face an energy crisis this winter if Russian gas supplies are cut. As a result, the Black Sea grain deal was scuppered. Prices fell back to pre-war levels when the Black Sea grain deal was struck. "Fierce competition for gas supplies could also emerge if Northeast Asia experiences colder-than-usual weather and economic growth is stronger than expected in China."

Persons: It's, Dmitry Peskov Organizations: Service, Kremlin, TASS, UN, International Energy Agency, European Locations: Russia, Ukraine, Wall, Silicon, Europe, Russian, Moscow, Asia, China, EU

It leaves Kretinsky, who submitted a revised offer over the weekend proposing the equity injection, as the only bidder. The cash injection plan would lead to a 4.7 billion-euro reduction in overall debt, Casino said. Casino is saddled with net debt of 6.4 billion euros and is teetering on the brink of default. The board meeting followed a separate meeting between Casino's creditors and CIRI - France's finance ministry body that helps distressed companies and their creditors draw up restructuring plans. Kretinsky and Ladreit de Lacharriere would control the investment vehicle behind the 1.2 billion-euro equity injection, a source said.

Persons: Daniel Kretinsky, Kretinsky's, Xavier Niel, Jean, Charles Naouri, Kretinsky, Niel, Matthieu Pigasse, Moez, Alexandre Zouari, Casino, Marc Ladreit de, Ladreit, Mathieu Rosemain, Mike Harrison, Rosalba O'Brien Organizations: Casino, 3F, Attestor, French, Monde, Fnac, Metro, Forbes, Thomson Locations: Czech, PARIS, French, Paris, Casino, Britain, France, Germany

☆ Analysis: Pakistan and Argentina bonds' surge belies bigger reform hurdles
▼ + stars: | 2023-07-17 | by ( Libgeorge Jorgelina Do Rosario | Jorgelina Do Rosario | ) www.reuters.com time to read: +5 min

Reuters GraphicsBut the boost in the bonds belies the difficulties both nations face implementing major reforms once new leaders arrive after upcoming elections. Pakistan's 11th hour deal for $3 billion from the International Monetary Fund (IMF), after months of talks got official approval this week. Saudi Arabia and the UAE followed with $2 billion and $1 billion infusions. This fresh cash means Pakistan is unlikely to default on its debt in the next six to nine months, said de Sousa. Investors and pollsters said the tough times could force Pakistan and Argentina's leaders to reckon with needed fiscal reforms.

Persons: Carlos de Sousa, de Sousa, JPMorgan, Roberto H, Sifon Arevalo, refinance, Jimena Blanco, pollsters, Alejandro Catterberg, Sergio Massa, Horacio Rodriguez Larreta, Patricia Bullrich, Javier Milei, Shamaila Khan, Libby George, Jorgelina, Rodrigo Campos, Karin Strohecker, Toby Chopra Organizations: JPMorgan, Vontobel Asset Management, International Monetary Fund, UAE, Elections, Pakistan, P, Reuters, Peronist, Asia Pacific, UBS Asset Management, Thomson Locations: Pakistan, Argentina, Saudi Arabia, Washington, Beijing, Buenos Aires, Asia, Rosario

☆ Czech billionaire Kretinsky closes in on Casino after 3F abandons bid
▼ + stars: | 2023-07-16 | by ( ) www.reuters.com time to read: +2 min

Kretinsky has been vying to take control of Casino against the 3F Holding group, led by telecoms entrepreneur Xavier Niel, investment banker Matthieu Pigasse and businessman Moez-Alexandre Zouari. The group is saddled with net debt of 6.4 billion euros ($7.1 billion) and is teetering on the brink of default. "Today, after months of work, 3F has decided to not submit an offer," 3F said in a statement. Along with Marc Ladreit de Lacharrière’s Fimalac, he would inject 1.2 billion euros ($1.35 billion) in equity to take a 53% stake in France's sixth-largest retailer. The bidders would also convert 4.9 billion euros of debt into equity.

Persons: Daniel Kretinsky, Kretinsky, Xavier Niel, Matthieu Pigasse, Moez, Alexandre Zouari, 3F's, Marc Ladreit de, Fimalac, Casino, John Irish, David Holmes, Emelia Organizations: Casino, 3F, Attestor, Financial, Global Commerce, Financial Times, Thomson Locations: Czech, France's, Casino

☆ Welcome to the Dollar War: a Global Fight Over America's Economic Dominance
▼ + stars: | 2023-07-16 | by ( Phil Rosen | ) www.businessinsider.com time to read: +17 min

The US even reminded everyone just how influential the buck is when it effectively froze Russia out of the global financial system with sanctions last year. Becoming the issuer of the global reserve currency is about trust. The US has controlled the global reserve currency for 102 years — giving it a special status in the world economy. Still, given that the country controlling the global reserve currency holds that status of an average of 94 years, history seems to indicate it's high time for a successor. Why shouldn't the financial world resemble something closer to the mosaic of cultures, politics, and nations that exists today?

Persons: Chenzi Xu, there's, Xu, —, Ron Temple, Gregory Brew, Eurasia's Brew, dollarizing, Stephen Jen, Jen, we've, Stanford's Xu, Luiz Inácio Lula da Silva, Josh Lipsky, " Lipsky, It's, Alexander Wise, Jan Loeys, Loeys, dollarization, Wise, Lazard's Temple, isn't, Phil Rosen Organizations: Stanford, Federal, European Central Bank, People's Bank of China, Lazard, Publishing, Getty Images, International Monetary Fund, Bank of International Settlements, Eurasia Group, Sandman's, Eurizon, IMF, Atlantic Council, JPMorgan Locations: Russia, Israel, France, China, America, Saudi Arabia, Brazil, India, Pakistan, Bolivia, Iraq, South Africa, Beijing

☆ China's dream of a smooth post-pandemic economic recovery has already turned into a nightmare
▼ + stars: | 2023-07-13 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. Beijing finally curtailed three years of harsh zero-COVID lockdowns late last year, but its economy has subsequently run into significant turbulence that's sparking alarm across the world. In July 2022, the government was still taking a zero-tolerance approach to COVID-19, limiting the country's economic output. Foreign direct investment in China has also dried up, with spending from outside China dropping by $20 billion, or a sixth, year-on-year, per data from the Wall Street Journal. It's a growing list of concerns that makes grim reading for Beijing, whose dreams of a smooth revival have quickly turned nightmarish.

Persons: lockdowns, they'll Organizations: Service, country's, Wall Street, Beijing Locations: Wall, Silicon, Beijing, China

SummaryCompanies Trial of first cargo a success - ministerPrivate refinery PARCO also asked to buy Russian oil - ministerDiscounted crude a boost amid Pakistan's strained financesISLAMABAD, July 12 (Reuters) - Pakistan is negotiating to buy a second shipment of discounted Russian crude oil, its petroleum minister said on Wednesday, highlighting the success of a first deal in helping the cash-starved nation. Musadiq Malik told reporters there was no scenario under which the country was "not benefiting" from Russian crude. "It will still benefit us," he said of the Russian oil. Malik said private entity Pak-Arab Refinery Limited (PARCO) had also been asked to import Russian crude. Islamabad is looking for Russian crude to account for one third of total oil imports.

Persons: Musadiq Malik, Malik, Asif Shahzad, Shivam Patel, Toby Chopra, Mark Potter Organizations: PARCO, Pakistan Refinery Limited, International Monetary Fund, Moscow, Arab Refinery, Energy, United, Thomson Locations: ISLAMABAD, Pakistan, Urals, Karachi, Russian, India, China, Ukraine, Moscow, Islamabad, Saudi Arabia, United Arab Emirates

☆ CNBC Daily Open: Monetary policy divergence
▼ + stars: | 2023-07-11 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Vcg | Visual China Group | Getty ImagesThis report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. The United States and China, the world's largest economies, are on divergent monetary policy paths that are spelling some headaches. Beijing has so far cut rates in June and pledged "targeted and coordinated policy, which would be implemented in a timely manner." Complicating the macro watch for everybody, Nomura said other central banks in Asia could start cutting rates even earlier than the Fed.

Persons: Kokou Agbo, Nomura Organizations: Pudong Lujiazui Financial, Visual China, Getty, CNBC, PPI, Societe Generale Locations: Shanghai, China, United States, Beijing, U.S, Asia

A concrete patio was washed into a brook behind a home after flash flooding left widespread damage to the downtown in Highland Falls, N.Y., on Monday, July 10, 2023. Ms. Dagaev looked outside. Ms. Dagaev was unsteady on her feet on dry land. She called her friend, Laurie Tautel, the county legislator, who was just minutes away on Main Street in Highland Falls. “You’ve got to get me out of here!” Ms. Dagaev shouted.

Persons: Katharine Dagaev, Dagaev, Younger, Pat Flynn, Flynn, they’re, “ Let’s, Mr, couldn’t, Laurie Tautel, Tautel, “ You’ve, “, ”, ’ Organizations: “, Credit, Firefighters Locations: Highland Falls, N.Y, Highland, Hudson, New York, West Point

☆ China is teetering on the brink of deflation. That's a huge red flag for the global economy.
▼ + stars: | 2023-07-11 | by ( George Glover | ) www.businessinsider.com time to read: +2 min

China is teetering on the brink of deflation – where prices fall, rather than rise. Essentially, it's the opposite of what's happening in the US – and that could be a huge red flag for the global economy. Deflation "is a very bad sign macroeconomically," economist Richard Koo said in a recent episode of Bloomberg's "Odd Lots" podcast. "Individually, [people trying to save money] might be doing the right things, but collectively, they may be killing the economy." But if those policies don't work, there could be pain ahead for the global economy.

Persons: it's, Richard Koo Organizations: Service, US Federal Reserve, Gross, Apple, Nike Locations: China, Wall, Silicon, Beijing, Japan

☆ When the Water Rushed In, Help Rushed Over
▼ + stars: | 2023-07-10 | by ( Michael Wilson | More About Michael Wilson | ) www.nytimes.com time to read: +1 min

But terrified residents watching water climb in their homes had no way of knowing when or if help would arrive. It was like a river had been diverted, running now through the middle of the four small buildings that are the Weyant Green Apartments in the village of Highland Falls. Younger relatives were trying to help, but the nearby bridge was covered by several feet of rushing water, and they couldn’t get to the property. Pat Flynn, a former mayor of Highland Falls, made it over in his Explorer with a friend worried for her mother. He saw older men and women — the ones who could stand — cowering in their doorways as water rose up their legs.

Persons: Dagaev, Younger, Pat Flynn Locations: Hudson, New York, Highland Falls, Highland

Finding it and nurturing it remain entirely consistent with the mission of higher education and, indeed, vital to our democracy. More than in any other setting, students who are raised in homogenous neighborhoods and schools first encounter difference — class, racial, ethnic and religious — in college. We should remember that these sorts of learning opportunities are relatively new in the history of higher education. For hundreds of years, many universities that today proudly champion a diverse society promoted and perpetuated class, racial and gender hierarchies. Like Bard College, schools could create early college programs, which allow high school students to take and earn college credits.

Persons: —, I’ve, William, Mary, Johns Hopkins, Sonia Sotomayor, Ketanji Brown Jackson, U.N.C, LaDale C, Brett Kavanaugh’s, Angela Duckworth Organizations: Ivy League, Yale Law School, Brown University, University of Virginia, Rutgers, Princeton Theological Seminary , Yale, University of North, Harvard, Bard College, University of California Locations: Georgetown, University of North Carolina, America

☆ Canada Offers Lesson in the Economic Toll of Climate Change
▼ + stars: | 2023-07-03 | by ( Lydia Depillis | ) www.nytimes.com time to read: +2 min

“We already think we’re teetering into a downturn, and this would just make things worse,” said Tony Stillo, director of economics for Canada at Oxford. The recent fires have left some lumber mills idle, for example, as workers have been evacuated. “It’s safe to say there’s going to be a supply crunch in Canada as we work through this,” Mr. Nighbor said. The tourism industry is also being hit, as the fires erupted just as operators were going into the crucial summer season — sometimes far from the fires. The road has since reopened, but only one lane at a time, and drivers need to wait up to an hour to get through.

Persons: ”, Tony Stillo, Derek Nighbor, Mr, Nighbor Organizations: Canada, Oxford, Forest Products Association of Canada, Business Locations: British Columbia, Canada, Tofino, Vancouver

☆ Pakistan, IMF reach staff-level pact to release stalled funds
▼ + stars: | 2023-06-30 | by ( ) www.reuters.com time to read: +1 min

[1/2] Pakistan Prime Minister Shehbaz Sharif meets with managing director of the International Monetary Fund (IMF), Kristalina Georgieva, in Paris, France June 22, 2023. Press Information Department (PID)/Handout via REUTERS/File PhotoISLAMABAD, June 30 (Reuters) - The International Monetary Fund (IMF) reached a staff-level pact with the IMF on a $3-billion stand-by agreement, the lender said on Thursday, a decision long awaited by the South Asian nation, which is teetering on the brink of default. The deal, subject to approval by the IMF board, comes after an eight-month delay and offers some respite to Pakistan, which is battling an acute balance of payments crisis and falling foreign exchange reserves. "The new standby agreement builds on the authorities' efforts under Pakistan's 2019 Extended Fund Facility-supported program which expires end-June," said IMF official Nathan Porter. Reporting by Jahnavi Nidumolu; Writing by Shivam Patel and Asif Shahzad; Editing by Clarence Fernandez and Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Shehbaz Sharif, Kristalina Georgieva, Nathan Porter, Jahnavi Nidumolu, Shivam Patel, Asif Shahzad, Clarence Fernandez, Himani Organizations: Pakistan, International Monetary Fund, Press Information Department, REUTERS, Monetary Fund, IMF, South, Thomson Locations: Paris, France, ISLAMABAD, Pakistan

It is not the end of our relationship with the IMF though, as the SBA is a short-term bridging operation. GARETH LEATHER, SENIOR ASIA ECONOMIST AT CAPITAL ECONOMICS, LONDON"The agreement of a loan deal between Pakistan and the IMF should put the economy back on a more secure footing and limit the biggest downside risks. There is a strong risk that Pakistan reneges on the deal once the immediate crisis has passed. Our target shall be that the next IMF programme should be the last one and it would be a great opportunity to correct our fiscal account once and for all." "Things would have been much better if successive governments would have invested in completing the IMF programme.

Persons: MURTAZA SYED, GARETH, Shehbaz Sharif, ABDUL ALEEM, SHERANI, SHAHBAZ ASHRAF, MAHA RAHMAN, ZAFAR MASUD, MUSTAFA PASHA, SHAHID HABIB, ARIF HABIB, ZULQARNAIN, MOHAMMED SOHAIL, AHFAZ MUSTAFA, ISMAIL IQBAL, SAJID AMIN JAVED, Ariba Shahid, Shilpa Jamkhandikar, Raju Gopalakrishnan Organizations: Monetary Fund, South, IMF, BANK OF PAKISTAN, SBA, State Bank, EFF, Capital, UL HAQ, OF PUNJAB, Pakistan, ARIF, Thomson Locations: Pakistan, ASIA, KARACHI, ISLAMABAD, LAHORE, PAKISTAN

☆ International Monetary Fund agrees on crucial $3 billion bailout to Pakistan
▼ + stars: | 2023-06-30 | by ( ) www.cnbc.com time to read: +2 min

In this photo International Monetary Fund (IMF) logo is seen in Washington D.C., United States on April 11, 2023. The International Monetary Fund, or IMF, has reached a staff-level pact with Pakistan on a $3 billion stand-by arrangement, the lender said, a decision long awaited by the South Asian nation which is teetering on the brink of default. "Praise be to God," tweeted Finance Minister Ishaq Dar after the deal was announced early on Friday. Pakistan will receive formal documents on the deal later on Friday from the IMF, Dar told Reuters, which he said he would "sign, seal and return by tonight." The country was awaiting the release of the remaining $2.5 billion from a $6.5 billion bailout package agreed in 2019, which expired on Friday.

Persons: Ishaq Dar, Dar, Nathan Porter Organizations: Monetary Fund, Washington D.C, South, IMF, Reuters Locations: Washington, United States, Pakistan, Ukraine

☆ ‘Nimona’ Review: Fright the Power
▼ + stars: | 2023-06-29 | by ( Amy Nicholson | ) www.nytimes.com time to read: +1 min

Ballister yearns to be once again embraced by the kingdom, and his ex, the lustily named Ambrosius Goldenloin (Eugene Lee Yang), who broke Ballister’s heart and sliced off his arm. Enter Nimona, a bloodthirsty wrecking ball who wants to use Ballister to destroy the entire system. To do so, Nimona brings further shame upon the exile, even publicly claiming that Ballister likes — Egads! But jokes litter the film like scattered Legos, making you hesitate long enough to appreciate how the light glints off Ballister’s armor-plated shoulders. This is a big message film that wants audiences to reflect on social paranoia.

Persons: Ballister, Ambrosius Goldenloin, Eugene Lee Yang, Nimona, —, you’re, it’s, ” Nimona, metamorphosing, capper Organizations: Monopoly, Netflix

Kenyan shipments of tea - its major export - have fallen by a fifth over the last year, according to the local regulator. The spike in global interest rates has already tipped Sri Lanka and Ghana into defaulting. Reuters GraphicsBLACK MARKETAlthough the dollar's share as a global reserve currency has dropped to 59% from 70% over a decade, it continues to dominate global trade. Nigeria has long had a web of multiple exchange rates which it is now trying to untangle, having also devalued its naira currency again last week. A plunge of around 70% in Bolivia's reserves has spawned queues at banks and currency exchange shops as some merchants stopped accepting local currency.

Persons: Wilson Muthaura, KTDA, Charlie Robertson, Muthaura, David Willacy, Ojo, Chaucer, Ronal, Luiz Inacio Lula da Silva, Kristalina Georgieva, William Ruto, Duncan Miriri, Marc Jones, Macdonald Dzirutwe, Monica Machicao, Mayela Armas, David Sherwood, Catherine Evans Organizations: Bank, FIM Partners, Reuters Graphics, Workers, REUTERS, La Paz, West, Reuters, JPMorgan, Monetary Fund, IMF, Fund, Thomson Locations: NAIROBI, LONDON, Pakistan, COVID, Russia, Ukraine, London, Islamabad, Egypt, Sri Lanka, Ghana, Tunisia, teetering, Nigeria, Kenya, StoneX, Nigeria's, Lagos, British, Cuba, Venezuela, Githunguri, Kiambu County, United States, Lebanon, Turkey, Ethiopia, China, India, Johannesburg, Saudi Arabia, Africa, Argentina, Nairobi, La Paz, Caracas, Havana

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